The Policy applies to Centrifugal Pump sets (Electrical and Diesel) and submersible pump sets up to prescribed HP capacity used for Agricultural purposes only. Pumps of higher capacity are usually insured under Engineering Insurance Policies. This policy cover loss and/or damage to Pump set due to fire and or lightning, theft, burglary (due to violent forcible entry and provided the pump set is kept in a locked enclosure), mechanical/electrical breakdown, Riot, Strike, Malicious Damage, Terrorism. Policy can be extended to cover Flood etc perils at an additional premium. The exclusions are normal wear and tear, gradual deterioration due to atmospheric conditions, willful act or gross negligence, loss or damage for which the manufacturer or supplier is responsible, cost of dismantling, transport to workshop and back as also cost of re-erection. Submersible Pump set may also be covered under the scope of the policy in which case the perils of burglary shall be extended to cover waiving normal lock and key clause.