Heavy Equipment Insurance
Cover loss or damage to heavy equipments caused by events that come from outside, sudden, and unexpected subject to not excluded by the Policy.
Coverage of Heavy Equipment Insurance:
Cover partial loss or damage and/or Total Loss caused by all risks subject to not excluded in the policy.
- Total Loss Only
Cover loss or damage if the value of loss equals or exceeds Actual Cash Value (ACV) of the heavy equipment at the time of the accident. Actual Cash Value is calculated from New Replacement Value (NRV) minus depreciation according to the age of the heavy equipment.
Types of heavy equipment that can be insured:
Trucks, Dozers, Excavators, Mobile Crane, Tower Crane, Gantry Crane, Shovel, Forklift, Dump Truck, Wheel Loader, Dozer Shovel, Back Hoe Loader, Articulated, Forwarder, Aerial Platform, Heavy Duty Compaction, Motor Grader, Hydraulic Shovel and others.