Navnit Insurance Broking Private Limited. C Wing ... The Boiler Policy covers
damage other than by fire, to boilers & pressure plant, damage to surrounding.
Boiler Insurance
Highlights The Boiler Policy covers damage other than by fire, to boilers & pressure plant, damage to surrounding property, Third Party legal liability arising due to explosion and collapse of the boiler / pressure plant during its normal course of working. The policy covers boilers like fired boilers, recovery boilers, unfired pressure vessels and stem pipes. Scope of Covers: The policy covers boilers & pressure vessels owned by proposer and located at proposer’s premises against explosion, implosion and collapse leading to • • •
Damage to the boilers & pressure vessels. Damage to surrounding property, up to fixed limits, arising due to explosion & collapse of the pressure plant during normal course of working. Third Party legal Liability, up to fixed limits, arising due to: a) Death or bodily injury to third parties; b) Damage to property of third parties (not held in trust or on commission) caused by and solely due to explosion or collapse occurring in the course of ordinary working.
Add-On Covers: The proposer can extend the policy by paying additional premium. • • • • •
Express Freight. Air Freight. Owners Surrounding Property. Third Party Liability. Additional Custom Duty.
Exclusions under Boiler Insurance: The policy will not pay for loss/damage •
Wear and tear, faults or defects existing at the time of commencement of insurance which ought to have been or were known to you, faults or defect for which the supplier is responsible either by law or under contract.
Navnit Insurance Broking Private Limited C Wing, Waterford Building, C. D. Burfiwala Road (Juhu Galli) Andheri West, Mumbai 400 058, India
Tel.: +91 22 66777777 | Email:
[email protected] | Web : www.navnitinsurance.com
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War or warlike operations, nuclear reaction, radiation or radioactive contamination. Fire, lightning, inundation, flood, storm , earthquake, subsidence, landslide, chemical explosion, burglary and theft, impact by land borne/water borne craft. Loss, damage and/or liability resulting from overload experiments or tests. Loss or damage for which the manufacturer or supplier or repairer of the property is responsible either by law or under contracts. Willful acts or gross negligence on the part of you or your representatives; Loss of use of the Insured's plant or property or any other consequential loss incurred by the Insured. The failure of individual tubes in boilers of the water tube locomotive or other multitulular types, in super heaters or in economizers.
In case of Loss the policy pays the following: •
Partial Loss: In cases where damage to an item can be repaired, the policy pays expenses necessarily incurred plus the cost of dismantling and re-erection. No deduction is made for depreciation but salvage value is deducted.
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Total Loss: Where an insured item is destroyed, the policy pays the actual market value of the items immediately before the occurrence of loss including freight and erection cost. The salvage value is deducted and condition of average is applied (i.e. if sum insured is not adequate, claim will be paid proportionately).
For more information or queries, please contact us on
[email protected]
Navnit Insurance Broking Private Limited C Wing, Waterford Building, C. D. Burfiwala Road (Juhu Galli) Andheri West, Mumbai 400 058, India
Tel.: +91 22 66777777 | Email:
[email protected] | Web : www.navnitinsurance.com
