Tool and Portable Equipment Insurance

What’s typically covered*?

Loss or damage that is caused by:

• Fire, storm, water, explosion, impact or malicious damage
• Accidental damage
• Collision or overturning of the conveying vehicle
• Theft following forcible and violent entry to locked vehicles or locked buildings
• Theft of equipment securely attached to a vehicle through the use of locks or padlocks

Specified portable equipment can include items such as:

• Mobile plant
• Photographic or video equipment
• Mobile communication equipment, including telephones and radios
• Electronic equipment, including computers, diaries, GPS units
• Accessories for the items listed above

What’s typically NOT covered*?

Loss or damage to your portable equipment that is caused by:

• Wear, tear or gradually developing conditions
• Cracking, scratching, marring or breakage of glass or fragile items or surfaces
• Rust, oxidation, mildew, mould, moths, insects, vermin, dry rot, contamination or pollution
• Any process of heating, drying, cleaning, dyeing or alteration to any insured item
• Faulty materials or workmanship
• Theft by employees
• Unexplained inventory shortage