Equipment policies can be written for contractors including those involved in carpentry, drywall, electrical, HVAC, masonry, plumbing and roofing; agricultural businesses including farming operations and landscaping; as well as other users of equipment including many general business operations.
Policy Coverage and Limits:
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Scheduled or blanket coverage options available
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Borrowed equipment
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Replacement Cost valuation automatically applies to property five years old or newer. Any property older than five years (as of policy expiration date) will be covered at Actual Cash value.
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Employee tools and work clothing (maximum $500 any one item).
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Unscheduled Equipment (maximum $1,000 any one item)
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Rental reimbursement
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Rental equipment
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Spare Parts and Fuel and Pollution Clean Up and Removal options
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Special coverage package automatically includes basic limits for the following with higher limits available:
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Additional debris removal expenses – $5,000
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Expediting expenses – $1,000
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Fire department service charges – $10,000
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Inventory and appraisal – $10,000
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Recharge of fire extinguishing equipment – $1,000
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Reward of recovery of stolen equipment – $10,000
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$500 minimum premium applies