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Thread: Is Contractor’s Plant and Machinery(CPM) policy valid only at one location?

  1. #1
    NewBie
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    Apr 2009
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    Pune
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    Question Is Contractor’s Plant and Machinery(CPM) policy valid only at one location?

    Is Contractor’s Plant and Machinery(CPM) policy valid only at one location? Or one policy can be bought for multiple locations? E.g. motor equipments, which can be moved to another locations.




  2. #2
    PolicyWala Fan
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    Apr 2009
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    Agra
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    Default

    The CPM Insurance covers all types of Contractor's Plant Machinery and Equipments (including those governed by the Motor Vehicles Act or rateable under Motor Tariff) engaged for work at any specified location in India.
    In respect of Machinery/ equipments, whether registered with RTO or not, but engaged at the Project site, the Insured, has an option either to select the Motor/Non-Motor Policy under Motor Tariff or CPM Policy in the Engineering Department.

  3. #3
    PW Expert
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    Mar 2009
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    Noida
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    Default

    Cover motor equipments under motor insurance and you can take them to different locations.

  4. #4
    PolicyWala NewBie
    Join Date
    Sep 2011
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    New Delhi
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    Default

    Yes, it covers plant and equipment at one site only. However it can be extend to cover owners surrounding property.


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