A very niche market where extended warranty protects heavy equipment designed for construction.
Heavy Plant & Equipment Warranty
An extended warranty on heavy plant and equipment designed for the construction industry is a service contract between the owner of the unit and the provider of the warranty. A niche market providing coverage on heavily used items almost certainly buys claims. OEM’s continue to vary coverage and the extended warranty seeks to provide complimentary coverage.
We have an insurance facility in place with our partner that provides cover for:
Powertrain Warranty; and
Powertrain & Hydraulic Extended Warranty; and
Full Machine Warranty
For an explanation on these various types of cover please click this link
Maximum Limits of Liability/Sums Insured For Each Insurance Bound:
Up to USD 500,000 per unit or up to USD 5,000,000 following approval by special acceptance
Territorial Coverage: Worldwide
Coverage For New Units
Up to 60 months or 7,500 hours
Coverage For Used Units
Units eligible with less than 5,000 hours on the clock.
Cover up to 24 months or 2,500 hours.
Services Offered
Full Point of Sale and Administration Solution
Full Claims Handling Capability
Full on-line marketing presence to support dealerships
For more on these Services and the support offered please click on this link.
Who we are particularly interested in working with?
Original Equipment Manufacturers
Dealerships who have an interest in offering a heavy plant and equipment warranty program
Online Auction Sites with a transparent on-line presence for selling heavy plant and equipment that has come out of a lease.
We require that for applicable units a full service history from a reputable entity should be available for inspection.
We are also interested in talking to Agents and or Introducers who have clients that full into any of the above categories.
