Although you may purchase a policy that states it is Broad Form, there are limitations and exclusions in all policies. 'Boiler and Machinery' insurance, now more commonly referred to as 'Equipment Breakdown insurance' is needed to provide coverage for certain losses excluded from standard property coverage.
These losses could cause severe damage to heating/air conditioning systems, electrical panels, machinery, refrigeration and electronic equipment, as well as consequential loss to property and income. In addition to protecting your own equipment, many leased premises require that the tenant be responsible for the heating and air conditioning systems. There is so much more to Equipment Breakdown coverage than its original need for the inherent risk from boilers! Contact our experts for more information and a quote. We insure peace of mind.
This content is written by our Morison Insurance team. It is provided for general information only. Insurance needs differ from person to person, and this article is therefore not a substitute for professional advice about your individual insurance needs which can be obtained by speaking to one of our brokers.