Posts Tagged "Insurance"
Insurance For Substation Transformers- Info
Getting Insurance for Substation Transformers can help you mitigate the risk of damage to critical industrial equipment. Since most industrial companies rely on power, a failure of a transformer can lead to major losses. This loss can include lost productivity and business interruption. The insurance industry has developed ways to quantify this risk, and offer a solution for companies that are concerned about transformer failure. Our website provides info on Will Your Insurance Company Cover Your Substation Transformer Fire?
Ownership demarcation at the substation is crucial. The exact ownership boundary of the substation varies, but the basic points include the rate structure of the utility, the operating philosophy of the plant owner, and the return on capital. For utility-owned substations, ownership demarcation usually occurs at low-voltage bushings and switchhouse low-voltage terminations.
Power interruption coverage is another important feature of an insurance policy for substation transformers. Though this coverage may not be provided for every type of transformer, it can be an invaluable option. In addition to covering electrical power, it can also cover certain types of utility lines. While the importance of communication supplies is not as critical as that of electrical power, it can still lead to significant property damage and injury. Thus, proper insurance for substation transformers is necessary for protecting both assets and people.
A breakdown of a transformer can happen without warning. It can be caused by the deteriorating paper or oil inside the transformer. The gases that are released from this deteriorated material help diagnose the condition of the transformer. Moisture content is also an excellent predictor of failure. Overheating, acid, and oxidation lead to accelerated deterioration of paper insulation.
