Machinery Breakdown Insurance

This policy provides cover for any unforeseen and sudden physical loss or damage from causes such as defects in casting and materials, faulty design, faults at workshop or in erection, bad workmanship, lack of skill/carelessness, shortage of water in boilers, physical explosion, tearing apart on account of centrifugal force short-circuit, storm and any other cause not specifically excluded.

Circumstances

The cover applies whether the insured property is at work or at rest or dismantled for the purpose of cleaning, overhauling, or of being shifted within the premises, or in course of subsequent re-erection.

 Premises/Location

The insured machinery is covered as long as it remains on the premises specified in the insurance schedule.

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Guinea Insurance has always lived up to its name; consistently one step ahead of the industry in the provision of better and affordable risk management solutions. We are a major player in the provision of first-rate financial risk solutions in the General and Special Risks business underwriting categories. We have established a reputation for exceptional competence in the delivery of customer-centric services and product innovation. With a strong capital base, highly qualified professionals, and modern technology, Guinea Insurance PLC became widely acknowledged for speed and efficiency and thus, remained the preferred insurer for individual and corporate clientele seeking premium insurance and related financial services to date.

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Guinea Insurance House
33 Ikorodu Road Jibowu, Lagos.

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