What is Boiler and Machinery Insurance?
This covers far more than a hot water boiler. It also provides coverage for mechanical breakdown of items such as your elevator, sump pumps and pool equipment, as well as off-premises electrical problems. A common loss that is covered and which can happen to any association is to have the 
transformer on the pole outside your building blow, causing an arcing due to unstable electrical regulation of the electrical system. This occurrence can destroy a building’s entire electrical system. Since the cause of the loss is off-premises, the only way to be covered is to have boiler and machinery coverage.
