Boiler and Pressure Plant Insurance
The intense pressure and the high temperatures generated by boilers and pressure vessels in factories are highly vulnerable to loss and/or damage due to explosion or collapse, and also may cause extensive collateral damage to the property in the vicinity. This policy is designed to offset such mishap.
What it Covers
- Damage to the boilers and/or pressure vessels caused by and solely due to explosion or collapse
- Damage to the insured’s own surrounding property
- Third party liability for death or bodily injury or damage to third party property.
Basis of sum insured
Should represent the new replacement value of the plant inclusive of freight, customs duties and erection cost.
- Particulars of cover and exclusions given above are not complete or exhaustive. For more details please call us on 0112 428 428 or visit one of our nearest branches.