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Boiler and Machinery Insurance

 
Insurance Dictionary: Boiler and Machinery Insurance

Covers losses resulting from the malfunction of boilers and machinery. Most property insurance policies exclude these losses, which is why a separate Boiler and Machinery Policy or a Commercial Package Policy is needed. The insurance covers business property, other property involved, and legal fees, if any.

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Architecture: boiler and machinery insurance
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Insurance specifically written to cover steam boilers and other pressure-related equipment in a building.


 
 

 

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Insurance Dictionary. Dictionary of Insurance Terms. Copyright © 2000 by Barron's Educational Series, Inc. All rights reserved.  Read more
Architecture. McGraw-Hill Dictionary of Architecture and Construction. Copyright © 2003 by McGraw-Hill Companies, Inc. All rights reserved.  Read more