Machinery Breakdowns

You have probably met someone in your industry who has suffered the expense and the inconvenience of breakdowns to machinery inside their premises. It may even have been your own company.

The repair or replacement costs can be a big blow to cash flow - and major breakdowns often seem to occur at crucial times, when it is difficult (if not impossible) to urgently subcontract important contracts.

Our CloseGuard Cover has been carefully designed to deal with such problems. A summary of its main benefits are:

It will pay the repair and replacement costs of incidents caused by breakdown and accidental damage (including cover for breakdown through operator error).
The cost of the insurance and the extent of cover is fixed for up to five years. This is guaranteed, irrespective of the number and amount of any claims made.
Emergency repair costs are also covered - if these are necessary to get the machine working again - up to 50% of normal repair costs, or £12,500, whichever figure is the lower.
Financial protection - if a breakdown or accidental damage stops your machine from working for:
1. longer than 48 hours: a daily cash payment, up to a maximum of 20% of the repair bill
2. longer than 14 consecutive days: your finance payment will be paid, on a daily basis, for up to a maximum 6 months

Please note that the full terms of your policy are set out in the policy document.

Close Asset Finance Limited is authorised and regulated by the Financial Services Authority.

Breakdown and accidental damage protection for machinery within premises.

How to Apply

This is only a summary explanation of this essential cover. If you would like to know more, please contact your local Area Sales Manager or our main Tolworth office on 020 8390 8201.

Terms & Conditions of Use ¦ Privacy Policy ¦ Contact Us ¦ Home
Close Asset Finance Limited Head Office, 6th Floor Tolworth Tower, Ewell Road, Tolworth, Surbiton, Surrey, KT6 7EL
Tel: 020 8339 4949 Fax: 020 8390 6168