What happens when a claim occurs that causes consequential losses during the warranty period of an insured machine or installation?

In these cases, it is highly probable that the material damages are assumed by the manufacturer of the machine or installation affected. But in the manufacturer’s warranty contracts it is usually specified that the manufacturer does not cover the consequential losses generated by the accident.

Since property damage is not covered by the policy, some Insurers have tried not to intervene in Consequential Loss coverage, claiming that property damage was not covered by it.

At VANTEVO we understand that this approach is wrong and we have always tried to convince the Insurers that there was coverage for consequential losses.

To avoid this type of discussion, it should be specified in the policy that, in these circumstances, a claim within the warranty period of the insured machine or installation will be indemnified for consequential losses caused by the claim, as long as the claim is contracted consequential loss coverage.