Boardwalk Insurance Group

Construction Equipment Insurance

Construction Equipment Insurance 4.00/5 (80.00%) 3 votes

If you own or manage a construction company that owns its equipment, construction equipment is important to protect some of the most important and expensive assets the company owns.

Finding the best coverage for your construction equipment does not normally fit in construction job timelines, but independent insurance agencies, like Boardwalk Insurance Group can save time and money by shopping for your company.  Boardwalk Insurance Group has several locations for your convenience and is licensed in over 25 states.  Most times, Boardwalk Insurance Group can get your company a quote for your construction equipment insurance policy in 24 hours or less.

Reasons to Purchase Contractor’s Choice Equipment Coverage & Potential Ways to Lose Your Equipment:

•     Damage by fire caused by mechanical breakdown

•     Arson of your equipment by prior employees

•     Snow or ice damage

•     Vandalism or malicious mischief

•     Theft of miscellaneous tools and equipment from your vehicle or secured jobsite

•     Lightning striking your equipment

•     Overturned equipment

•     Collision

•     Flood

•     Transit collision

Product Features:

•     Replacement cost valuation available for all equipment up to five model years old

•     Miscellaneous tools and equipment coverage can be included on a blanket basis

•     Theft coverage can be excluded for a premium discount

•     Full coverage is provided for transit exposures

•     Flood coverage automatically included to full limit of insurance (Not available in coastal areas)

•     Earthquake coverage automatically included to full limit of insurance

•     Additionally acquired contractor equipment automatically covered for up to 60 days (available upon approval)

•     Debris removal up to 25% of loss; plus $5,000 if limit exceeded

•     Rented/borrowed (from others) equipment coverage is available for a flat fee annually (options of $25,000 or $50,000 per piece)

•     Coinsurance does not apply to blanket property or rental equipment

•     Scheduled equipment is automatically registered in the National Equipment Registry Theft Database

•     In case of a claim, same day contact by claims adjuster and physical inspection of damaged property within seven hours

•     Theft coverage can be excluded for a premium discount

Limits of Insurance:

•     $1,000,000 per schedule of equipment

•     Florida and Coastal $500,000 total limit per schedule

•     $150,000 per individual piece of equipment

•     $15,000 on miscellaneous tools and equipment

If you need an insurance quote for your construction equipment, contact Boardwalk Insurance Group today.  Their friendly and knowledgeable representatives are ready to assist you.