Boiler & Pressure Plant (BPP) Insurance

The policy is designed to cover damage or physical loss to all types of boilers and/or pressure plants.

Boiler & Pressure Plant (BPP) Insurance Policy

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.

This policy covers for physical loss or damage to boilers

The policy covers damage due to Explosion, Collapse – Implosion and Flue gas Explosion

The policy also covers Express and Air freight

Boilers are annually inspected by competent authority

The policy covers risk against unforeseen and sudden physical loss of or damage due to explosion or collapse of the insured items

Loss arising from an existing defect is excluded

Nuclear perils are excluded

What it covers?

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

Explosion
Collapse - Implosion
Flue gas Explosion

Additional Covers

Express freight
Air freight
Owners Surrounding Property
Escalation
Third party Liability
Additional custom duty

General Exclusions

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
Nuclear 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.

FAQs

Why to buy Boiler and Pressure Plant?

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.

What warranties are applied under the policy?

As the Boilers and Pressure Plants come under the purview of Statutory Regulations, the following warranties are applied under the policy:

Boilers are annually inspected by the competent authority.
The Boilers shall only be operated by attendants holding a valid certificate of competency issued under the appropriate Boiler Act.
The unqualified permission in writing by the inspecting Authority to operate the boiler.

Rating Details

Type of Boiler.
Age of Boilers.

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Boiler & Pressure Plant (BPP) Insurance