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Boiler & Pressure Plant (BPP) Insurance

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

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boiler_&_pressure_plant_insurance

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.

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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