Used or unused, machines are exposed to a high number of risks. Many times electric issues also damage the functioning of the machinery. Hence, insurance is essential to cover your machine against risks of accidental damages. A good insurance plan with affordable premium is best to insure used machines. The used machinery of high value requires insurance to avoid huge financial loss. Expensive construction and industrial machines can be insured using the tips shared here. This post explains factors to consider while you purchase insurance for the used machinery . Risks to Cover for Machine Insurance The major factor to consider while insuring machine is the risk factor. What are the risks most likely to happen with the machine? Make a list of all the possible risks like a sudden technical failure, accidents, and damage. Here is a list of risks you should consider to cover while insuring used machines. Machinery breakdown Accidental damages Tec