This is a specially designed policy which covers accidental loss or damage to a Boiler & Pressure Plant. In this Industrial era manufacturing units are exposed to Boiler explosion risk within premises. Gulf Unions 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.
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
Note: Policy details given are indicative, not exhaustive. Please contact your Gulf Union office for further details.