Insurance for Field Machinery and Devices

What is CASCO insurance for field machinery and devices?

CASCO insurance for field machinery and devices is a type of insurance, when an indemnity is paid for repair or replacement of self-propelled construction or agricultural machinery for different purpose as a result of unexpected insured events. The coverage is valid during the course of operation of the insured equipment and machinery, when they are off duty, during the course of performance of technical service or running repairs.

Why is it worth choosing ERGO CASCO insurance for field machinery and devices?

  • his type of coverage provides protection for investment and additional loan guarantees;
  • A specialized insurance product and the scope of coverage matching the needs of the policyholder;
  • You may select from a variety of insurance options. Internal failures of the machinery (engine, reduction gear, hydraulic drive failures) may be covered by a special agreement.

Whom this insurance is relevant to?

  • Construction companies;
  • Agricultural companies and farmers;
  • Companies engaged in forest cutting works.

What is eligible for the coverage?

  • Construction machinery (cranes, excavators, bulldozers, graders, scrapers, draglines, pipe laying machines, loaders, field engines, pile driving machines, pile boring machines, pavers, asphalt mills, road rollers, steam rollers);
  • Agricultural machinery (field engines, combine harvesters, loaders, digging machinery (ploughs, weeders, harrows), seeders, fodder preparing machines);
  • Forest machines (thinning harvesters, forwarders, wood chopping machines, wood crushers, field engines);
  • Quarry and dump machines (loaders, stonebreakers, rammers, presses).

What coverage is given?

  • The insurer shall cover the costs for upkeep, repair, or replacement of the insured field machinery, when the insured property is damaged, destroyed, or lost as a result of the insured event.
  • The coverage can be:
    • All risks – when the insurer indemnifies the costs of repair or replacement of the insured property as a result of sudden and unexpected insured events, externally affecting the insured property, such as
      • Fire, explosion, lightning;
      • Natural forces (thunderstorm, hail, landslide, etc.);
      • Vandalism, break-in;
      • Accident;
      • Fall of a tree, building;
      • Other accidents.
    • Insurance against specified risks, providing coverage against:
      • Fire, explosion, lightning;
      • Thunderstorm, hail;
      • Vandalism, break-in;
      • Accident.