This plan provides coverage for non-mobile machines, covering equipment against the risk of fire, theft and/or other accident or misfortune unless specifically excluded in the certificate whilst the said machines or equipment are kept and/or used within the stated location of risk (Territorial limit).
Due to the wide and general nature of coverage, it is important to declare all machines that need to be covered to avoid the possible risk of fraudulent claims.
Cover loss of or damage
due to fire, theft or any accident or misfortune to the declared non-mobile machines or equipment or any part thereof
Cover loss of or damage caused by perils
unless such perils are specially excluded by this plan
Owner of the non-mobile (Static) machines or equipment.
The total annual contribution that you have to pay may vary depending on the risk exposure, our underwriting requirements and the sum covered for the property (non-mobile machines or equipment). Subject to a minimum contribution of RM100.00.
This plan does not cover certain losses, such as:
You may cancel your certificate by giving a written notice to us. Upon cancellation, you are entitled to a partial refund of the contribution provided you have not made any claim.
The benefit(s) payable under eligible product is protected by Perbadanan Insurans Deposit Malaysia (PIDM) up to limits. Please refer to PIDM’s Takaful and Insurance Benefits Protection System (TIPS) Brochure or contact Takaful Malaysia or PIDM (visit www.pidm.gov.my/en).
