Boiler & Pressure Plant

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.

  • Policy covers 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.
  • Coverage includes:
    • Damage (other than Fire) to the boilers & pressure vessels;
    • Damage to surrounding property - Upto Limit agreed and
    • Third party legal liability due to Explosion/ Collapse/ Implosion - Upto Limit agreed
  • Express freight (excluding airfreight), Overtime and Holiday rates of wages.
  • Airfreight
  • Owner’s Surrounding Property
  • Third Party Liability
  • Additional Customs Duty
  • Sum Insured should represent their new replacement values
  • Premium depends upon Type of Boiler and Age of Boiler.
  • The policy is subject to a compulsory excess.
  • The policy does not cover any losses or damage due to
  • Fire, smoke, soot, aggressive substance lightning, theft, collapse of buildings, subsidence, landslide, rockslide, water
  • Accident loss damage and/or liability resulting from overload experiments or tests requiring the imposition of abnormal conditions
  • Loss or damage for which the manufacturer or supplier or repairer of the property is responsible either by law or under contracts
  • Political risks;
  • Nuclear reactions, Nuclear radiation or radioactive contamination;
  • Willful act or willful negligence;
  • Wear and tear,
  • Inherent defects;
  • Lack of maintenance;
  • Consequential loss