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Coverage
Owned and long-term leased equipment
Features
Scheduled Form
New Acquisitions up to $250,000 for 30 days
Or
Annual Automatic Acquisition form to minimize chance of uninsured loss; No coinsurance on newly acquired equipment
Additional Coverages Included
Features
Debris Removal: 25% up to $25,000
Pollutant Clean up: $10,000 Annual
Fire Dept. Service Charge: $2,500
Crime Reward: $1,000 |
| Optional Coverages |
Valuation Options
Actual Cash Value
Replacement Cost: (up to 10 years old)
Stated Amount
Partial loss <20% Elimination of depreciation
Equipment Leased/Rented from others
No coinsurance penalty applies
Equipment Borrowed from Others
Separate limits and deductibles apply
Equipment Leased/Rented to Others Contingent Coverage
Fills gaps in other required insurance
Rental Expense of Substitute Equipment
To continue operations
Loss of Business Income and Extra Income
Replaces lost income from key items
Contractors Equipment Plus Endorsement
Covers six incidental loss exposures
Lifts Exceeding Equipment Capacity
Expanded coverage
While Waterborne
Expanded coverage
While Underground
Expanded coverage
Employee Tools
Covered at jobsite and in transit
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