The main object of machinery leasing insurance is to protect the leasing company’s interest as the owner of installations and machinery leased for a certain number of years under various leasing contracts. It also covers the interests of the lessee, however. It is an all risks cover with the same scope as that of Electronic Equipment Insurance. The type of machines and equipment automatically insurable by declarations under the contract, which is in the form of a master policy. Installations are insured with an automatic extension of the annual cover up to a maximum of five years, the usual length of a leasing contract. The individual value of the leasing contracts, which are automatically covered on declaration, is subject to a limit per insured location.