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What is Boiler Insurance?
Boiler insurance (Boiler cover) is a type of insurance that covers repairs and in some instances, the replacement of a home boiler. It can also cover other parts of the central heating system and even plumbing and electrics.
What is covered by boiler and machinery insurance?
Equipment breakdown covers many types of equipment. It protects electrical systems, air conditioning and refrigeration, mechanical equipment, modern office equipment in addition to heating systems such as boilers. That's why “Equipment Breakdown Insurance” is a better description than “Boiler and Machinery Insurance.”
What is covered under equipment breakdown coverage?
Equipment breakdown insurance. Coverage for loss due to mechanical or electrical breakdown of nearly any type of equipment, including photocopiers and computers. Coverage applies to the cost to repair or replace the equipment and any other property damaged by the equipment breakdown.
What is machinery breakdown insurance cover?
Machinery Breakdown Insurance, is designed to provide cover against unforeseen and sudden physical loss or damage to the machinery by any cause subject to excepted risks. Machines are an integral part of all manufacturing and industrial units engaged in production of industrial/household goods.
What is an inland marine insurance policy?
Inland marine coverage. Property insurance for property in transit over land, certain types of moveable property, instrumentalities of transportation (such as bridges, roads, and piers, instrumentalities of communication (such as television and radio towers), and legal liability exposures of bailees.
What is the definition of mechanical breakdown?
A Mechanical Breakdown is defined as the inability of a covered part(s) to perform the function(s) for which it was designed, due solely to defects in materials or faulty workmanship.
What does an equipment breakdown policy cover?
Also known as "boiler and machinery" insurance, equipment breakdown coverageprotects against breakdowns caused by power surges, motor burnout, boiler malfunction and operator error.
What is equipment insurance?
Business equipment insurance provides cover for damage or loss to property or equipment that you use in the course of your business.