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.