When industry demands go up, the increase in vital, specialized equipment can lead to substantial increases in its value. Oftentimes, business owners may discover their equipment is underinsured only when it’s too late. If there is a total loss of scheduled equipment, the amount paid by the insurance company may not be equal to the appreciated value.
Our Cost of Iron Endorsement is our way of ensuring that your equipment is never undervalued in the event of a loss. In other words, during a time when you depend on your equipment the most, having this endorsement supports your financial ability to get the necessary replacement machinery that you need to get back to work. We offer up to 150% of scheduled equipment limits when qualifying equipment is stolen or destroyed.