Our Products

Boiler Pressure Plant

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

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 Coverage

  • 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.

 

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.

 

Exclusions

  • Sum Insured should represent their new replacement values.
  • 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.

 

How to claim?

If a misfortune befalls, leave the worry to us but please intimate such loss/damage immediately to Zoom Insurance Brokers (info@zoominsurancebrokers.com)so that a Competent Surveyor may be deputed to minimize the loss.

 

ADDRESS

  • Zoom Insurance Brokers Private Limited,
    Zoom House, 621, Phase – V, Udyog Vihar,
    Gurugram – 122016. INDIA.
  • info@zoominsurancebrokers.com
  • www.zoominsurancebrokers.com