Insurance TypesBoiler & Machinery Insurance

Boiler & Machinery Insurance

Coverage for mechanical and electrical equipment breakdowns including HVAC systems, boilers, and electrical equipment.

Key Benefits

Covers sudden breakdown of mechanical systems

Includes HVAC, boilers, compressors, and electrical

Covers resulting damage from breakdown

Includes inspection and maintenance

Emergency repairs covered

Ideal For

Multi-unit buildings with shared systems

Properties with significant mechanical equipment

Older properties with aging systems

Commercial rental properties

Coverage Highlights

  • Boiler breakdown
  • HVAC system failure
  • Electrical system breakdown
  • Cooling system failure
  • Resulting water damage

Average Cost

$300-$1,500/year depending on systems

Actual costs vary based on property details, location, claims history, and specific coverage limits.

Common Misconceptions

Property insurance covers mechanical failure (it does not)

Maintenance is separate from insurance coverage (they overlap)

Only needed for old properties (applies to all ages)

Too expensive for standard rental (very affordable)

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