Boiler And Machinery Insurance


Definition of "Boiler and machinery insurance"

James Rice
James Rice Weichert Realtors Hallmark Properties

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 id needed. The insurance covers business property, other property involved, and legal fees, if any.

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Exclusions

Provision in an insurance policy that indicates what is denied coverage. For example, common exclusions are: hazards deemed so catastrophic in nature ...

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Exclusions Of Policy

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