N.Y. Comp. Codes R. & Regs. Tit. 9 §§ 1630-4.5

Current through Register Vol. 46, No. 45, November 2, 2024

Section 1630-4.5 - Boiler insurance

(a) All heating and hot water installations of any type on premises of project shall be covered by boiler insurance which provides coverage in event of explosion, collapse, or rupture of boilers, tanks and pressure piping. Coverage on cast iron boilers should be on "broad" form which includes cracking coverage.

(b) Furnace explosion hazard is covered under extended coverage endorsement and should be excluded under boiler insurance policy. However, authority may have furnace explosion included in its boiler insurance because of inspection service rendered by boiler insurance company. This furnace explosion coverage is subject to prior approval by division.

(c) Amounts of insurance to be carried shall be determined by authority in consultation with division and shall be sufficient to cover maximum probable damage to property of project and property of others exposed to an accident caused by any heating or hot water installation.

(d) A copy of each inspection report made by insurance carrier of heating equipment shall be furnished to division.

N.Y. Comp. Codes R. & Regs. Tit. 9 §§ 1630-4.5