HSB Machinery Inherent Defects Insurance

Overview

Available for periods of up to 12 years following practical completion, HSB’s Machinery Inherent Defects Insurance (MIDI) policy covers actual or impending damage caused by an inherent defect in insured property that existed prior to practical completion of the building. Additional cover is also available for the loss of rental income suffered as a result of a defect.

The MIDI policy applies to the mechanical and electrical services installed in the building, including:

– Boilers, space heating, ventilation and air conditioning systems
– Lifts and escalators
– Building maintenance units
– Electrical distribution systems
– Equipment used for building security and environmental control
– Electrical and mechanical parts of water pumping, pressurisation and distribution systems

Cover is available for:
-New buildings undergoing construction
-‘Shell and core’ building refurbishments
-Completed buildings less than two years old

Contacts

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Documents

HSB Machinery Inherent Defects Insurance Policy Wording