What are your Excavator Insurance Requirements?
As cover inclusions vary significantly from insurer to insurer, depending on your excavator insurance requirements, it may be smart to compare features and benefits .
For example , how does your existing excavator policy compare on the following criteria?
Material damage: market value PLUS basis of settlement, new replacement benefit following total loss for machines purchased new for what period?, accidental overload, dry hire, unspecified attachments up to what value?, substitute machines, transit cover, non – aggregation of excess, no blame excess and more
Additional benefits available?: Damage to lifted goods up to what level?, expediting costs, indemnity to hirer –wet hire, road risk, and more.
Broadform liability: Property in physical and legal control sub limits, hook liability sub limits, vibration and removal of support sub limits, dry hire, damage to underground services and more