Contractor's Equipment covers direct physical loss to covered property (listed on the schedule or unscheduled but for an amount that will not exceed the limits shown on the declarations) whilst in transit, in store and in use. It provides comprehensive coverage for wide range of movable equipment’s type, occupation, and geographical area.
These are optional enhancements:
(All are sublimited per any one occurrence and in the annual aggregate)
- Crane overload coverage - subject to declared limit as agreed
- Debris removal - reported within 180 days of the date of such loss
- Pollutant clean-up and removal expense - reported within 180 days of the date on which the "loss" occured
- Third party liabilty - coverage extension available by endorsement for bodily injury and property damage upon agreement
- Leased or rented equipment - under your care, custody, and control for a period of time not to exceed 120 days
- Employee tools - owned, leased, or operate or while in transit to or from such job sites or premises
- Rental reimbursement - expenses incurred for the rental substitute equipment (reimbursement is limited to such expense incurred during the period commencing seventy-two (72) hours after the "loss" or another period shown on the declaration whichever shall first occur)
Other optional cover:
- Newly acquired equipment (same type) - from the date of acquisition up to expiry (*subject to declaration and additional premium)
