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What is Boiler & Machinery/Equipment Breakdown Insurance?

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Boiler & Machinery/Equipment Breakdown insurance provides coverage for direct physical damage to key building systems and equipment. This includes boilers and hot water tanks, central air conditioning chillers, electrical equipment such as master panels and underground wiring, transformers, and pumps and motors. It helps cover repair or replacement costs and minimizes disruption to building operations in the event of mechanical or electrical failure.