Boiler Insurance

 

Boiler insurance is also referred as ‘equipment breakdown insurance’ ‘machinery and equipment insurance’ etc. Boiler insurance is a type of property insurance. This insurance actually pays to the damage caused to the machineries or to the equipments. It mainly covers about the machines that are used, transmits or generates mechanical or electric power etc.

Boiler insurance can cover:

  • specific objects - "A specific boiler identified by year or by serial number"
  • Blanket objects - "It covers all electric motors such as bore wells etc.
  • Inclusive - "It includes all objects that are particularly excluded"

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