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BOILER & PRESSURE VESSEL INSURANCE |
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BASIC COVER |
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The Boiler & Pressure Vessel policy provide cover against:
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Damage (other than fire) to the boiler or pressure vessels and to other property
of the Insured
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Liability of the Insured at law for damage to property not belonging to the Insured,
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Liability of the Insured
at law for fatal or non-fatal
injuries to any persons
other than the Insured's own employees or workmen or members of
the Insured's
family,
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caused by and solely due to explosion or collapse as hereinafter defined of any
boiler or pressure vessel described in the Schedule whilst in the course of ordinary
working.
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DEFINITIONS |
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1. |
Boiler - shall mean any fired closed container or a combined container piping system
in which steam is generated under pressure. The term "boiler" shall include
fittings, built-in superheaters and economizers but shall not include steam or feed-water
piping or separate economizers.
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2. |
Vessel - shall mean any unfired closed container under steam or air pressure.
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3. |
Explosion - shall mean the sudden and violent rending or tearing apart of the structure
of a boiler or vessel, or any part or parts thereof by force of internal steam,
air or fluid pressure, causing bodily displacement of said structure accompanied
by the forcible ejection of its contents.
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Flue Gas Explosion: "Explosion" shall also mean any damage to the structure
of a boiler by force of the sudden and accidental combustion or explosion of ignited
furnace or flue gases.
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4. |
Collapse - shall mean the sudden and dangerous distortion of any part of a boiler
or vessel caused by the crushing stress of external steam or fluid pressure, whether
attended by rupture or not; it shall not mean any slowly developing deformation
due to any cause.
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ELIGIBLE PROPOSER |
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Any person or business organisation that requires coverage for boiler and pressure
vessel for its business property including third party liability.
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| PRODUCT DISCLOSURE SHEETS |
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| Click
here to view Product Disclosure Sheets (PDS). |
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HOW TO BUY |
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