What is Engineering Insurance?
Engineering insurance is a type of insurance that covers material damages that may occur in the event of unexpected damage or failure of valuable assets such as machinery, equipment, electronic devices and construction.
It also covers damages that occur after the manufacture of the product, during the assembly or use phase. This type of insurance also covers damages caused by previously unknown reasons on the construction site or assembly area.
After the damage notification, the insurance company sends an expert or expert to determine the situation and decides whether the damage complies with the insurance coverage conditions.
What are the Benefits of Engineering Insurance?
Engineering insurance provides significant assurance, especially in the manufacturing, construction, and technology sectors. Insurance protects valuable assets such as machinery, equipment, building materials and electronic devices.
This type of insurance ensures that financial losses incurred are covered in the event that the products are damaged as a result of unexpected failures.
As Neon Reinsurance, when creating an engineering insurance policy, it evaluates each stage meticulously and offers you professional support in all processes. Following the post-damage procedures correctly is also an important step in the insurance process.
