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Excavator Insurance

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Excavator Cover

Excavator insurance NZ

At Gerrards, we specialize in arranging comprehensive insurance solutions for a wide range of vehicles, including excavators. Whether you're operating the smallest excavator, such as a compact mini-excavator, or the latest and most advanced model on the market, we have the expertise to secure the coverage you need. As a dedicated insurance broker in New Zealand, we work on your behalf to find the best insurance policy that fits your specific requirements.

What Can Excavator Insurance Cover?

Excavator insurance is designed to protect you from various risks associated with owning and operating this type of heavy machinery. A comprehensive excavator insurance policy can cover a range of incidents, including fire, theft, accidental damage, and loss of use. It also provides financial protection for lost revenue while your excavator is out of action, third-party damage, and any associated legal costs. This coverage ensures that you’re protected against many of the common challenges that can arise during the operation of your excavator.

How much does Excavator insurance cost?

Excavator insurance premiums are calculated on several different factors including:

  • Types of cover selected
  • Sum Insured
  • Location 
  • Claims History 

Excavator insurance prices in NZ vary greatly. They are typically within the range of $50 to $500 to a month. 

How Do Claims Work?

When it comes to making a claim, Gerrards has you covered. Our in-house experts handle claims on your behalf from start to finish. We advocate for you to ensure you receive the best and fastest resolution possible. Our team understands the ins and outs of excavator insurance claims, allowing us to efficiently navigate the claims process and secure the coverage you’re entitled to without unnecessary delays.

How to Get Your Excavator Insured?

Securing insurance for your excavator through Gerrards is a straightforward process. You can choose the method that works best for you:

  • Apply Online: Visit our website and fill out the application form with the necessary details about your excavator and the coverage you’re seeking.
  • Via Phone: Give us a call, and one of our friendly insurance brokers will assist you in applying for coverage over the phone.
  • Visit Our Office: If you prefer a face-to-face interaction, you’re welcome to visit our office. Our team will be happy to discuss your insurance needs and guide you through the application process.

What to Watch Out for with Excavator Insurance?

When choosing excavator insurance, there are several key factors to consider to ensure you have the comprehensive protection you need:

  • Excavator Cover Includes Costs of Hiring a Replacement: Make sure your policy covers the cost of hiring a replacement excavator if yours is out of commission due to an insured event. This is crucial for minimizing downtime and maintaining productivity.
  • Loss of Revenue Cover: If your excavator is specialized or essential to your business operations and cannot be easily replaced, look for a policy that includes loss of revenue cover. This ensures you’re compensated for the income lost while your excavator is unavailable.
  • Disclosure of Dry or Wet Hire: It’s important to disclose to your insurer whether you are doing dry hire (renting out the excavator without an operator) or wet hire (renting it out with an operator). This information can affect your coverage and premiums.
  • Cover in Transit: Ensure that your insurance policy includes cover while the excavator is in transit, not just when it’s on the contract site. This provides comprehensive protection as your excavator moves from one location to another.

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