Liberty Commercial Premises insurance (Castellano)
B.6. Machinery breakdown - electronic equipment
By means of this cover, the insurer shall indemnify the insured for any direct material damages or losses sustained by insured machinery, providing such machinery is listed in the schedule of the policy. This cover is subject to the following conditions:
When there is no maintenance agreement in force regarding the insured machinery, the cover shall only take effect for the following:
1. The lack of skill or negligence of the insured or his staff and actis of ill intent by the insured's staff or any other unknown third parties.
2. The direct action of electricity, such as abnormal currents, short circuits, combustion, high voltage, lack of insulation, arc lamps, electromagnetic phenomenon and any other similar effects.
3. Damages sustained by goods as a result of lightning, even when no fire ensues.
4. Falling objects, impacts, collisions due to accidental events.
5. The leaking of liquids and the insertion of foreign bodies into insured machinery due to accidental events.
When there is a maintenance agreement in force regarding the insured machinery, in addition to that set forth in points 1 to 5, the cover shall also extend to the following:
6. Building and assembly defects and smelting or material faults.
7. Other accidents due to causes inherent to the functioning of the insured machinery.
Cover shall be limited to the insured sum agreed in the schedule. The insured sum for each piece of machinery should be equal to its replacement value, understanding such value as the amount required to purchase a new machine of the same type and capacity, including transportation and assembly expenses, customs duties, if applicable, and any other item that has a bearing on such machinery.
A deductible of 10% per loss shall be applied to the indemnity amount with a minimum of euros 60 and a maximum of euros 300.
THE FOLLOWING IS NOT COVERED:
a. Fire, the direct impact of lightning, explosions (including any damages caused by extinguishing or salvage operations), theft and any damages that may be guaranteed by other covers in this policy, even if they have not already been contracted but could have been expressly taken out.
b. Damages and losses caused by defects or faults already existing when the insurance was taken out.
c. Aesthetic defects, such as scratches on painted, polished or glazed surfaces.
d. Damages and losses caused by the natural wear and tear of insured property or due to the gradual action of atmospheric, chemical, heat or mechanical effects.
e. Experiments, trials or tests during which more force is exerted on the insured machinery than normal.
f. Damages or losses for which the manufacturer or supplier of the insured machinery is legally or contractually responsible.
g. Damages and losses caused by light bulbs, valves, tubes, straps, belts, cables, chains, brushes, gaskets, ropes, fuses and any other items that wear away quickly. Notwithstanding the foregoing, the damages or losses caused to these items shall be guaranteed if they occur as a result of an insured loss sustained by other components of the insured machinery.
h. Any kind of damages or losses that occur as a result of the loss, such as lack of rental or use, suspension or cessation of work, breach or termination of agreements, contractual fines and, in general, any resulting damages or losses of revenue and liability of any kind.
i. Damages sustained by any insured machinery when it is used after the loss has occurred and / or before the final repair work has been completed.
4. Risks excluded from all guarantees