Boiler Insurance

Our tailor made insurance covers are comprehensive, with competitive terms provided by rated insurance companies in the region.

What is Boiler Insurance?

Boiler Insurance is designed to provide coverage for loss or damage to boilers resulting in explosion and collapse due to over pressure, failure of safety valves, defective material, bad workmanship or fault in design.

What is covered?

1

Damage to the pressure vessel

2

Damage to the contents of the pressure vessel

3

Damage to the surrounding property of the assured

4

Damage to the property belonging to third parties

What is not covered?

1

Normal wear and tear

2

War, terrorism and sabotage

Period of Insurance

The coverage is provided for a period of 12 months. 

Basis of Sum Insured

Sum insured for this insurance should be the replacement cost of boiler including freight, duty, cost of erection and other dues. 

Deductible

A deductible for each and every loss under the policy is always applicable.

Premium rates are based on:

  • Replacement value of pressure vessel
  • Model
  • Type of pressure vessel
  • Age of pressure vessel
  • Maintenance history
  • Use of pressure vessel
  • Limit of indemnity for damage to property belonging to the third parties
  • Limit of indemnity for damage to the surrounding property belonging to the assured
  • Professional experience of the assured
  • Standard of the management

Important Information

Please note that for the easy understanding of the insurance policy, we have highlighted the important aspects. We will be glad to receive your queries and discuss the full set of policy terms, conditions and exclusions. 

For more information, please contact ( Premier Insurance Broker ) at +971 2 658 8880. 

Claim Settlement

  • The indemnity under the policy is for replacement or repair of the damaged boiler.
  • If the sum insured is found to be inadequate, the policy will pay in such proportion as the sum insured bears to the sum actually should have been insured.

You must alert us of any accident that may lead to a claim covered under the policy, and our team of experts will assist you in the quick settlement of the claim.

 Call us as soon as possible, in case of an accident, and our team of experts will guide you through the claim process. For more information, please contact ( Premier Insurance Broker ) at +971 2 658 8880. 

In case of a claim

  • Notify us of the incident immediately.
  • Notify the relevant authorities, e.g., police, civil defense if applicable.
  • Provide an incident report.
  • Provide estimates of repairs or list of damaged stock as applicable.
  • We shall appoint surveyors where necessary.
  • Await instruction from us/surveyors prior to repairs/ destruction of damaged material.
  • Preserve recovery rights if applicable by notifying third party.
  • Provide invoice/proof of repairs for settlement of claim.
  • In case of business interruption claims, your financial statements will be required and we shall advise you on a case by case basis.

Call us as soon as possible, in case of an accident, and our team of experts will guide you through the claim process. For more information, please contact ( Premier Insurance Broker ) at +971 2 658 8880. 

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