What does Explosion Insurance mean? Read on to discover the definition & meaning of the term Explosion Insurance - to help you better understand the language used in insurance policies.
Explosion insurance refers to insurance coverage that covers property loss resulting from rapid nuclear or chemical reactions that produce heat, light, noise and a shock wave, or otherwise commonly known as an explosion. Usually written as part of an extension on a fire policy, it does not, however, cover the loss of pressurized instruments, pipes, and steam boilers. These pieces of equipment require separate policies.
We hope the you have a better understanding of the meaning of Explosion Insurance.