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equipment insurance

Discussion in 'Starting a Lawn Care Business' started by Agape, Aug 18, 2011.

  1. Agape

    Agape LawnSite Bronze Member
    Messages: 1,644

    anyone carry equip. ins.? what does it cover? what is a fair price for it?
  2. JayRent

    JayRent LawnSite Member
    Messages: 11

    Just purchased some tonight. Covers my trailer, 48" stander and all misc power equipment. $295 for the year.
  3. josht101

    josht101 LawnSite Member
    Messages: 5

    Definitely wouldn't want to be without it. I just had all of my equipment, trailer and tools stolen last wednesday, 6 days later penn national mailed me a check. I would definitely recommend them. I pay 798 for 1 mil gen liability and 25,000 unscheduled equipment, 10,000 hand-tools and 25,000 for rental equipment. I also get 10,000 worth of equipment rental coverage, which has helped out tremendously since all of my stuff was stolen and the rental bill is somewhere north of 500 a day. Great people to deal with.
  4. Davie Landscape

    Davie Landscape LawnSite Member
    Messages: 41

    589 a year for 1M in general liability includes 25K unscheduled equipment, 10K in hand tools, 100K in rental loss and 25K in rental coverage. The breakdown is 414 for liability and 175 for the loss coverage.
  5. nepatsfan

    nepatsfan LawnSite Gold Member
    Messages: 3,142

    I pay significantly more but I feel like it is well worth it.
  6. Agape

    Agape LawnSite Bronze Member
    Messages: 1,644

    Ijust bought an Exmark tts36 and the bank is requiring the ins. my workers comp and liabillity are up at end of month so i'll prob. package.

  7. Mustangl3

    Mustangl3 LawnSite Member
    Messages: 13

    Who is your insurance provider?
  8. Agape

    Agape LawnSite Bronze Member
    Messages: 1,644

    yeah no kidding, those are good rates
  9. MowingMowingMowing

    MowingMowingMowing LawnSite Senior Member
    from Midwest
    Messages: 526

    I pay $22.50 per $1,000 insured.

    Nice Turf Tracer BTW.
  10. Davie Landscape

    Davie Landscape LawnSite Member
    Messages: 41

    Don and Mustang:

    Local ins Company named Cameron Insurance wrote the policy but its underwritten by Main St America Assurance Co. I have nothing but good things to say about both of them.


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