Heavy Equipment Insurance
- Comprehensive Insurance – Cover partial loss or damage and/or total loss caused by all risk, unless the risks are excluded specifically 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.
Heavy Equipment Insurance provides all risk coverage for heavy equipment (unless the risks are excluded specifically in the policy) or total loss only.
Policy can be extended to cover natural disaster, theft, robbery, riot, strike, civil commotion, etc.
Heavy equipment is hereby defined as heavy machineries operated mechanically by an operator and limited within the project sites only (not on public road).
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 vehicle, forwarder, aerial platform, heavy duty compaction, motor grader, hydraulic shovel, and others.
feedback form
If you’d like a free consultation, please start by completing the form:
Contact our nearest office or submit a business inquiry online.
Thank you for all your help with our insurance. Your team have been great to work with, very detailed and professional. Whether it’s for consultation, risk assessment, choosing the right policy, or claim settlement, the team always gets the job well done.
My company has been using Shinta Inserve as our insurance broker since we started. They have helped me with insurance for my business as well as my home and personal policies. Consistent, responsive, and informative. Highly recommended!