Boiler & Pressure Vessel Insurance

Boiler and Pressure Vessel Insurance

This policy covers household or industrial boilers and pressure vessels, as well as property damage for third parties.

Why is this insurance important?

Boilers and pressure vessels are not just operational equipment; they are complex engineering systems operating under high pressure and elevated temperatures. Even a minor malfunction in valves or materials can lead to the sudden release of enormous, stored energy, resulting in an explosion or collapse that causes losses, as it provides financial protection for companies and factories against major losses resulting from sudden malfunctions.

Basic scope of coverage:

• Physical damage affecting residential or industrial boilers.
• Physical damage caused to neighboring properties as a result of an explosion.