MACHINERY BREAKDOWN

Does your common property manage machinery?

If unforeseen circumstances damage machinery, do you have the funds to fix it.

Getting machinery replaced and repaired is a costly exercise. Without insurance, repairs may be delayed. A huge hassle if your property is dependent on the equipment.

Common strata management machinery to consider:

  • Pool and spa motors

  • Air conditioners

  • Lifts

  • Automatic gates

What is Machinery Breakdown insurance?

Machinery Breakdown insurance protects against unforeseen damage to machinery owned by a strata company.

This insurance covers the cost of repair or replacement to damaged machinery, and temporary machinery subject to the coverage, limits, exclusion of the policy.

Does your strata company have any machinery and if so may require Machinery Breakdown insurance.

Lync Insurance can assist the strata company if this cover is required.