Boiler and Machinery Insurance

Boiler and machinery insurance sounds old-fashioned. Its name is, indeed, an anachronism. But if you own or manage a business that requires substantial equipment, you may know that boiler and machinery equipment is necessary to safeguard against breakdowns. Boiler and machinery insurance covers a range of equipment.

Tampa Boiler and Machinery Insurance Lawyer

If you are a policy holder of boiler and machinery insurance in Central Florida, and currently having trouble successfully collecting on a claim, an attorney may be able to help you get the recovery you deserve. The Tampa boiler and machinery lawyers at the Germain Law Group can fight for you. We will negotiate for a sufficient settlement and, if necessary, take your insurance company to court. You pay premiums, and your policy should do what it’s supposed to do. Call (813) 835-8888 to schedule a consultation.

The Germain Law Group represents businesses with boiler and machinery insurance in Hillsborough, Pinellas, Polk, Citrus, Sumter, and Hernando Counties.

Definition of Florida Boiler and Machinery Insurance

Boiler and machinery insurance is so-called because boilers used to be one of the most important pieces of equipment at many workplaces. Boilers are not as common, but the type of insurance typically covers a wide range of office and workplace equipment.
Boiler and machinery insurance covers a broad range of equipment that could break down. Possible machinery that could be covered by boiler and machinery insurance includes:

  • Electrical distribution systems
  • Refrigeration systems
  • Heating and cooling systems
  • Ovens and stoves
  • Furnaces
  • Office equipment
  • Computers and IT systems
  • Phone and communication systems
  • Cash registers
  • Elevators

The equipment covered by your insurance policy depends on the language in your policy.  Policies typically cover the policy holder in the event that the covered equipment breaks down, burns out, suffers environmental damage or is accidentally broken. It may cover problems that a warranty does not.

Some policies may also cover business income that might be lost as a result of the equipment breaking down.  When essential equipment breaks, business can grind to a halt, and necessary income could be lost that could make or break the company.

Denial of Boiler and Machinery Claims in Hillsborough County

When you make a claim on your boiler and machinery insurance policy, your insurer may deny the claim or unnecessarily delay it, effectively denying it. They may claim your policy does not cover the equipment, despite plain language in your policy indicating it does. They may also claim fraud — that you broke the equipment on purpose to seek payment for new equipment.

Your insurer may also try to offer a settlement that is less than the value of the broken or damaged equipment, claiming that you are overvaluing the equipment and citing the price of cheaper, less effective equipment. Or, if you are seeking repairs, they may cite cheaper work that will not sufficiently mend the broken equipment.

Your Tampa property insurance lawyer can negotiate for a higher settlement that is closer to or matches the true value of your damages. If the insurance company denies your claim, he can argue why they must offer a settlement. If the insurer refuses to offer a satisfactory settlement or continues to deny the claim, your attorney can take them to court.

Germain Law Group | Central Florida Equipment Insurance Attorney

If you’re a business with major equipment, you rely on your boiler and machinery insurance when things go wrong. When your insurer doesn’t come through, an attorney can help you. The Tampa boiler and machinery insurance lawyers at Germain Law Group can fight for your recovery. Call us today at (813) 835-8888 to set up a consultation to discuss your claim.