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LAWNMOWERBOY
04-18-2001, 03:56 PM
hi-

I've been setting up our insurance policies and a friend recomended a 'portable equipment policy' that allows for compensation on damaged (accidentaly) equipment. (?) wondering if anyone has this type of insurance or has ever heard of it ???

currently our portable equipment policy covers theft only...

thanks for your input

LB

LAWNMOWERBOY
04-18-2001, 11:48 PM
HI-
EVERYONE TALKS SO MUCH ABOUT BEING REGISTERED AND INSURED- JUST WONDERING WHY I'VE GOTTEN NO REPLIES THUS FAR...

THANKS

LB

Eric ELM
04-19-2001, 11:13 PM
I personally have never heard of such a policy. When you talk to your agent, let us know what you find out, BTW, I am insured. ;)

LoneStarLawn
04-20-2001, 12:10 AM
Sounds like inland marine insurance to me...

[Edited by LoneStarLawn on 04-20-2001 at 12:14 AM]

LAWNMOWERBOY
04-20-2001, 09:41 AM
HI-

The best I can explain at this point is your ins. carrier will tally up you total $ amnt of (portable)equipment. The best rate I've gotten thus far is $250/yr. for coverage on $10,000-$15,000 of equip. The deductable on this would be $250.00.

I guess its basicly geared toward accidental damage to equip.- ie: backing up over your deck mower etc...

Now- I do know of several volunteer organizations that have this type of coverage (Fire Depts. , ambulances, etc.) without any deductable.

This is where my partner and I are at opposites- My own personal carrier does not offer such a policy- as opposed to my partner who runs a vol. organization that holds a $0.00 deductable policy on all portable equipment. This is where i am stumped??? I was wondering what is the "NORM" among Landscapers...

thanks

LB