What is Boiler and Machinery Coverage

 

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 electric-transformertransformer 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.

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