Machinery Insurance
Over 10 years of close collaboration with manufacturers and service companies plus claims experience have gone into our machinery insurance concepts. We are constantly working to further develop them and thus definitively define the market.
Among other things, insurance coverage is provided for the following:
- Damages in transit
- Operational errors, ineptitude, negligence and malice
- Errors caused by construction, materials or execution
- Theft and misappropriation
- Deployment at hydro-engineering construction sites
- Drowning and silting up
- Valid in the EU and Switzerland
Special factors include:
- Fixed hourly rate in the case of self-repair
- Improved compensation in the case of a total loss
- Replacement costs of safety-related parts, even if these are not damaged
- Coinsurance of mini-cranes and telescopic forklifts
Machinery insurance on the basis of the equipment directory
- New investments of up to 150,000 euros are automatically covered by existing insurance
- Repairs begin immediately in the case of damage of up to 10,000 euros
- Individual deductible
Machinery insurance on the basis of turnover
This alternative is available to lessors with an annual leasing turnover of at least 300,000 euros.
The advantages of a turnover policy are :
- Calculation of the annual premium on the basis of the annual leasing turnover
- No machinery directory; all equipment is deemed as insured
- All acquisitions within a year are regarded as insured on the existing policy; individual notification no longer required
- Waiver of underinsurance deemed agreed
- Individual deductible
- Repairs begin immediately in the case of damage of up to 15,000 euros
- In the case of a claim, supplementary costs, such as third party leases, of up to 5,000 euros are included in the existing insurance policy
