Boiler and Pressure plant insurance covers the risk of explosion and collapse of any boiler or other pressure plant in the course of ordinary working.
Boiler and auxiliaries such as economisers, superheaters and steam/ feed piping-both fired and unfired vessels.
Scope of cover
- Damage to the boilers and/ or pressure vessels
- Damage to the insured's own surrounding property
- Third party liability for death or bodily injury or damage to third party property.
Should represent the new replacement value of the plant inclusive of freight, customs duties and erection cost.
Period of insurance
Cover is on annual basis and to be renewed.