Miscellaneous Equipment Coverage

Do you have binders, tarps, tie-downs, chains, and other equipment used for securing cargo on trailers? If so, you need separate coverage when you don’t own the trailer, since this equipment is normally covered only for the owner under the trailer’s physical damage insurance if the trailer is owned by the carrier or owner-operator. Great West’s Miscellaneous Equipment coverage is a simple, yet often overlooked, product that provides the miscellaneous equipment full comprehensive and collision coverage that is available in the policy, subject to a $100 deductible (regardless of any other tractor deductible).

Flatbed and specialized equipment owner-operators have the greatest need for this coverage, although there may be other situations where this coverage may be applicable (such as carriers using customers’ trailers).

Electronic Equipment Coverage

Your Physical Damage policy does not cover most electronic equipment unless it is factory installed at the time of assembly. Great West provides Electronic Equipment coverage when you want to extend a covered auto's physical damage coverage to include certain electronic equipment items not automatically covered in the policy, for example: computer systems, electronic logging devices (ELDs), fax machines, satellite communication or tracking systems, video camera monitoring systems, collision prevention systems, cellular phones, two-way mobile radios, or scanning monitor receivers. Equipment must be permanently installed in order to be covered. Coverage is subject to a $250 deductible per loss, and no other policy deductibles apply to this coverage.

Tapes, CDs, and DVDs are also not covered by your physical damage policy. You can buy this coverage with a $200 limit and no deductible for a nominal premium.

This summary is intended for informational purposes only and does not replace or modify the definitions or information contained in any insurance policy or declaration page, which controls all coverage determinations. Terms and conditions may vary by state, and exclusions may apply.