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Engineering Insurance

Engineering Insurance

Definition

Engineering Insurance — in the United Kingdom, a policy that provides boiler and machinery (BM) inspection services as well as coverage for the pressure vessel and any internal accidents. Outside the United States, particularly in the United Kingdom, a property policy provides coverage for property damage (PD) resulting from a boiler explosion but not for damage to the object itself. Coverage for the boiler and inspection services must be separately arranged under an engineering insurance policy.

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