Boiler & pressure vessels for industrial use are normally covered under the Fire & Extraneous Perils Insurance. However, the explosion risks of boiler is excluded from the Fire Insurance and thence the risk has to be covered under the Boiler Insurance.
Damage (other than by fire) to the boiler or pressure vessel cause by and solely due to explosion or collapse as defined in the policy whilst in the course of ordinary working.
On boiler and pressure vessel.
- Normal wear and tear
- Damage and/or liability cause by the wilful neglect of the Insured
- War and kindred risks
- Perils insured by the Fire & Extraneous policy