Scope of cover The Policy broadly covers boilers and other pressure vessels, both fired and unfired against losses due to explosion or collapse. (Code: Engg 01)
Sum Insured Sum insured should be reinstatement cost of the Boiler.
Premium Premium chargeable depends on the type of Boiler, type of fuel and the age of equipment. Discount is allowed for seasonal factories and stand by facilities
Significant Exclusions The policy does not cover loss and/or damage arising from
Fire and allied perils
War and Nuclear perils
Loss arising out of overload experiments
Gradual wear and tear of parts
Failure of individual tubes, loss due to chemical reactions
Wilful acts or gross negligence
Loss which is manufacturer’s or repairer’s responsibility
