This Policy covers losses due to accidental electrical and mechanical breakdown due to internal or external causes. The machinery may include all types of industrial or commercial machinery such as compressors, pumps, turbines, transformers, Motors and generators. Cover is applicable when the machine is in operation or at rest. This policy however excludes loss due to Fire/ Theft, Gradually developing faults and deterioration. This policy usually carries an excess/ deductible as may be agreed.