What type of properties are covered under boiler and machinery insurance?

Boiler and machinery insurance covers properties that are specifically related to the operation and maintenance of industrial machinery and equipment. This type of coverage is tailored to protect against losses arising from the breakdown of equipment, which can include substantial and costly machinery.

Boilers, generators, pumps, compressors, and turbines are common examples of the equipment that require such insurance, as they often involve high pressures, temperatures, and mechanical complexities that can lead to significant financial losses if they fail. This insurance typically includes coverage for the repair or replacement costs associated with these items and may also cover business interruption losses resulting from equipment failure.

In contrast, tools and equipment are generally considered to fall under a different category of coverage, such as a general property or tools and equipment policy. Office equipment and vehicles or aircraft are also insured through different types of policies specifically designed for those assets and their unique risks. Thus, boiler and machinery insurance is distinct in that it focuses on critical industrial machinery that plays a crucial role in operations and may pose greater risks in case of failure.