The policy is designed to cover damage or physical loss to all types of boilers and/or pressure plants.
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The Boiler and Pressure Plant (BPP) Insurance policy covers physical loss or damage to all types of Boilers and/or other pressure plants, where steam is being generated.
Damage (other than by fire) to the Boiler and/or other Pressure Plant described in the Schedule/Damage (other than by fire) to surrounding property/Liability to Third Party due to
Owners Surrounding Property
Third party Liability
Additional custom duty
Loss or damage arising from fire and allied perils which can be covered separately
Damage by chemical explosion except in recovery boilers and waste heat boiler
Contractual liability, manufacturer's/suppliers liability, consequential loss of use of boiler
Loss arising from an existing defect
War group of perils, Social group of perils
Loss due to gross negligence or any willful act or willful neglect on the part of Insured
Failure of individual tubes
Wearing, Wasting of boiler materials, Grooving of fracturing of any part of the boiler, general deterioration etc.
This policy covers physical loss or damage to boilers and/or another pressure plant against unforeseen and sudden physical loss of or damage due to explosion or collapse of the insured items.
As the Boilers and Pressure Plants come under the purview of Statutory Regulations, the following warranties are applied under the policy: