Boiler & Pressure Plant Insurance PolicyBoiler & Pressure Plant Insurance Policy

Boiler & Pressure Plant
Insurance Policy

  • Introduction
  • What’s covered ?
  • What’s not covered?
  • Why Choose HDFC ERGO?

Boiler & Pressure Plant Insurance Policy

In this Industrial era manufacturing units are exposed to Boiler explosion risk within premises.

HDFC’s Boiler and Pressure Plant Insurance covers damage to boilers & pressure plant with damage to surrounding property and Third Party legal liability arising due to explosion and collapse of the boiler/ pressure plant during its normal course of working.

 

What’s Covered?

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Physical loss or damage to boilers and/or other pressure plant against unforeseen and sudden physical loss of or damage due to explosion or collapse of the insured items. Read More...

What’s not covered?

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Fire, smoke, soot, aggressive substance lightning, theft, collapse of buildings, subsidence, landslide, rockslide, water

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Accident loss damage and/or liability resulting from overload experiments or tests requiring the imposition of abnormal conditions

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Loss or damage for which the manufacturer or supplier or repairer of the property is responsible either by law or under contracts

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Political risks

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Nuclear reaction, nuclear radiation or radioactive contamination.

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Willful act or willful negligence;

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Wear and Tear

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Inherent defects

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Lack of maintenance

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Consequential loss

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The policy is subject to a compulsory excess.

Extensions

  • Express freight (excluding airfreight), Overtime and Holiday rates of wages.
  • Airfreight
  • Owner’s Surrounding Property
  • Third Party Liability
  • Additional Customs Duty

Sum Insured

Sum Insured should represent their new replacement values

Premium

Premium depends upon Type of Boiler and Age of Boiler.

Excess

The policy is subject to a compulsory excess.

Why HDFC ERGO?

Secured Over 1 Crore+ Smiles!

Trust redefines relations at HDFC ERGO. We consistently strive to make insurance easier, more affordable and more dependable. Here promises are kept, claims are fulfilled and lives are nurtured with utmost commitment.
Why HDFC ERGO?

All the support you need 24x7

We understand that in times of distress, instant help is the need of the hour. Our In-house claims team provides round the clock support to ensure hassle-free claim experience. We ensure to be your constant support system in times of need.
Why HDFC ERGO?

Catering customer needs

Since, last 16 years, we have been catering to endless customer requirements endlessly. By providing wide range of plans and add on covers for every portfolio.
Why HDFC ERGO?

Transparency at its best

HDFC ERGO General Insurance claims are settled with utmost transparency and ease.
Why HDFC ERGO?

Awards

We have received ICAI Award of the Year for excellence in financial reporting FY:18-19
Why HDFC ERGO?

Secured Over 1 Crore+ Smiles

Trust redefines relations at HDFC ERGO. We consistently strive to make insurance easier, more affordable and more dependable. Here promises are kept, claims are fulfilled and lives are nurtured with utmost commitment.

All the support you need-24x7

We understand that in times of distress, instant help is the need of the hour. Our In-house claims team provides round the clock support to ensure hassle-free claim experience. We ensure to be your constant support system in times of need.

Catering customer needs

Since, last 16 years, we have been catering to endless customer requirements endlessly. By providing wide range of plans and add on covers for every portfolio.

Transparency at its best

HDFC ERGO General Insurance claims are settled with utmost transparency and ease.

Awards

We have received ICAI Award of the Year for excellence in financial reporting FY:18-19
Awards & Recognition
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