This policy provides you with coverage for your Boiler or Pressure Vessel caused by and solely due to explosion or collapse of any boiler or pressure vessel described in the Schedule whilst in the course of ordinary working.
What are the covers / benefits provided?
This policy provides cover in respect of:
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- Damage (other than by fire) to any boiler or pressure vessel
- Damage to property not belonging to the insured
- Liability of the Insured at law on account of fatal or non-fatal injuries to any persons other than the Insured’s own employees or workmen or members of the insured’s family.
Duration of cover is for one year.
You need to renew your insurance policy annually.
What are the major exclusions under this policy?
This policy does not cover certain losses such as:
- Defects due to wearing away/wasting of materials due to leakage,
corrosion, fracture, failure of joints, bulging, deformation due to
overheating of tubes (unless such defects result in explosion or collapse)
The failure of individual tubes in boilers or the water tube, locomotive
or other multitubular types (unless such defects result in explosion or
collapse) - Damage to own property caused by fire arising from explosion or
collapse Wilful acts or wilful negligence Loss sustained by stoppage of
work - Typhoon, hurricane, volcanic eruption, earthquake or other convulsion
of nature War and the like
Note : This list is non-exhaustive. Please refer to the sample policy contract for the full list of exclusions under this policy.
As Insurance is a complex subject, please talk to us now for professional advice and to make sure your level of coverage is appropriate, adequate, and sufficient to your requirements.
The List of Risks or the range of insurances available is not exhaustive, if there are any particular risks that are possibly unique to your type of business and/or for any specific or special requirements, please seek our assistance and guidance.