Key Asset Insurance
Under most Finance Agreements it is mandatory that the equipment be insured.
Many companies will include the equipment on their general policy, others
overlook the requirement.
We have several available key asset protection schemes:
Click for key features
- Key
Asset Gold - for new equipment
- Key
Asset Silver - for used equipment
- Key
Asset Computer - for computer equipment
YOUR PREMIUMS ARE FIXED FOR THE DURATION
Whether or not you ask us to arrange finance for your equipment, you can
still take advantage of our various key asset insurance facilities.
INSURANCE QUOTE
Key Asset Gold
Key Asset Includes
Repair costs for partial losses and full replacement costs for total
losses throughout the entire period of cover.
Accidental Damage, including Operator Error, Entry of Foreign Bodies or
Objects.
Additional cost of working up to 10% of any claim subject to a maximum
of £10,000 OR cost of hiring alternative equipment up to 15% of
the insured value (excluding the first 14 days for a maximum of 6 months).
Faulty Repair, Maintenance or Servicing, Burnout of Electrical Motors.
Failure of Controlling Devices and Instrumentation Failure.
Mechanical and Electrical Breakdown, Short Circuits, Power Surges and
unforeseen breaking or distortion.
Lubrication failure, vibration and incorrect calibration.
Theft following forcible and violent entry to or exit from the customers
premises.
Malicious damage by employees or third parties.
Finance repayments for up to 6 months whilst equipment is out of action
(excluding first 14 days).
Damage caused by frost, storm, flood, burst pipes and impact damage.
Loss/damage caused by fire, lightning, explosion or aircraft (for assets
of value to £100,000).
Emergency Repair Costs/Expediting Costs up to £12,500 or 50% of
the normal repair cost.
Features and Benefits
Full Accidental Damage and Breakdown Finance and Leasing Insurance Protection.
Ability to budget for future breakdown costs.
Flexible excesses.
Pick who you want to repair your machines.
Fixed premiums regardless of claims experience.
Cover whilst in transit between customer’s premises within UK.
Up to seven years cover available regardless of the finance period.
Interest free premiums payable in monthly installments.
Key Asset Excludes
Theft or attempted theft unless accompanied by forcible and violent entry
to or exit from the premises.
Losses provided for under the manufacturers warranty or guarantee.
Equipment used for hire or reward.
The policy excess.
Consequential loss.
Any losses away from own premises.
Losses due to wear, tear, gradual deterioration, rusting, scratching,
intentional overloading, experimentation, testing or commissioning.
Abuse or wilful neglect by the insured customer.
Key Asset Silver
Key Asset Includes
Repair costs for partial losses and market value of asset for total losses.
Accidental Damage, including Operator Error, Entry of Foreign Bodies or
Objects.
Faulty Repair, Maintenance or Servicing, Burnout of Electrical Motors.
Failure of Controlling Devices and Instrumentation Failure.
Mechanical and Electrical Breakdown, Short Circuits, Power Surges and
unforeseen breaking or distortion.
Lubrication failure, vibration and incorrect calibration.
Theft following forcible and violent entry to or exit from the customers
premises.
Malicious damage by employees or third parties.
Finance repayments for up to 6 months whilst equipment is out of action
(excluding first 30 days).
Damage caused by frost, storm, flood, burst pipes and impact damage.
Loss/damage caused by fire, lightning, explosion or aircraft (for assets
of value to £100,000).
Cover whilst in transit between customers premises within the UK.
Emergency Repair Costs/Expediting Costs up to £12,500 or 50% of
the normal repair cost.
Features and Benefits
All your machinery insurance requirements under one policy.
Full Accidental Damage and Breakdown Finance and Leasing Insurance Protection.
Up to five years cover available regardless of the finance period.
Ability to budget for future breakdown costs for next five years.
Flexible excesses.
Pick who you want to repair your machines.
Fixed premiums regardless of claims experience.
Interest free premiums payable in monthly installments.
Key Asset Excludes
Theft or attempted theft unless accompanied by forcible and violent entry
to or exit from the premises.
Losses provided for under the manufacturers warranty or guarantee.
Equipment used for hire or reward.
The policy excess.
Consequential loss.
Any losses away from own premises.
Losses due to wear, tear, gradual deterioration, rusting, scratching,
intentional overloading, experimentation, testing or commissioning.
Abuse or wilful neglect by the insured customer.
Key Asset Computer
Key Asset Includes
Theft following forcible and violent entry to or exit from the customers
premises.
Malicious damage by employees or third parties.
Recompilation of data up to 10% of any claim or to a value of £10,000
(excluding the policy excess).
Finance repayments for up to 6 months whilst equipment is out of action
(excluding first 30 days).
Damage caused by frost, storm, flood, burst pipes and impact damage.
Loss/damage caused by fire, lightning, explosion or aircraft.
Loss or damage caused by terrorism (for assets of value to £100,000).
Cover whilst in transit between customers premises within the UK.
Features and Benefits
Full replacement cost for total losses throughout the entire period of
cover.
Full cost of repairs (less policy excess) for partial losses.
Up to five years cover available regardless of the finance period.
Pick who you want to repair your machines.
Fixed premiums regardless of claims experience.
Interest free premiums payable in monthly installments.
Key Asset Excludes
Theft or attempted theft unless accompanied by forcible and violent entry
to or exit from the premises.
Loss or damage to computer software purchased with the insured machinery,
unless caused by an insured peril.
Losses provided for under the manufacturers warranty or guarantee.
Equipment used for hire or reward.
The policy excess of £100 (£250 for Laptops)
Manufacturing control computers
Consequential loss.
Any losses away from own premises.
Losses due to wear, tear, gradual deterioration, rusting, scratching,
intentional overloading, experimentation, testing or commissioning.
Abuse or wilful neglect by the insured customer.
Notes:
Used computers may be covered up to 2 years old at inception of policy.
Any claims settlement made will be on an indemnity basis.
Where Laptops consist of more than 20% of the total sum insured, cover
is available including transit and use off own premises at a higher rate.
Key
Asset Finance and Leasing Insurance Quote Request
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