Boiler Explosion Policy

This policy covers:

• Sudden / accidental explosion, implosion and collapse risks to insured boilers / pressure plants.
• Insured’s own surrounding property
• Third party liability arising out of a sudden and unforeseen physical loss of, or damage due to explosion or collapse of the boiler and / or pressure plant.

While Fire Insurance also covers damage to assets from explosions, damage to boiler or pressure plant itself is not covered in the Fire policy. Damage to boiler and pressure plant due to an explosion can only be covered through this policy. The policy provides coverage for all types of boilers and other pressure plants.

Main exclusions in the policy are:

• Fire and related perils
• Contractual liability
• Consequential loss
• Loss arising from an existing defect
• War group of perils, Social group of perils
• Nuclear perils
• Gross negligence
• Failure of individual tubes