I will be calling my insurance agaent today ..I have the inland marine policy but never even thought about the rental of equipment if something happens AGAIN ...LOL .....Thanks for this info ...!
Originally Posted by GreenIndustryAssociates
This is also why when shopping for insurance you should be concerned with wore than what the policy will cost. When I was getting quotes I also requested documentation of payout time frames for major theft, fire to shop, accidents, etc, that could lead to the loss a large per engage of equipment. Something that is crucial in our industry. The policy I have allows me rental coverage of the same or better equipment, while settleing a lose. The rental on small equipment extends one week past the date the insurance payment is made to allow me time to shop for equipment. On large equipment and trucks the rental extends 2 weeks after I receive the insurance payment.