Optima Insurance Brokers Pvt. Ltd.

INSURANCE POLICIES

Property

Commercial Buildings, Offices, Malls, Factories, Warehouses etc. and their contents are exposed to Acts of God, fire, explosions, riots etc. Property Insurance protects a policy holder from financial repercussions of losses to assets like buildings, plants & machinery, stocks, electronic equipment etc.

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


Optima’s core group has more than 100 man-years of experience in insurance. Our experience has trained us in reading the fine print of insurance policies, understanding it and applying it for the benefit of our clients.

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Corporate Office

M6, M Block Market, Greater Kailash-II, New Delhi-110 048
+91-11-40 50 51 52, +91-11-40 50 51 53

Registered Office

M4, Greater Kailash-II, New Delhi-100 048
+91-11-40505159
info@optima.co.in

IRDA Registration Number 326  |  CIN : U66030DL2000PTC103603  |  Category : Direct Broker (Life and Non-Life)  |  License period : 22-03-21 to 21-03-24
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