Manufacturers / Distributors / Dealers

instaCOVER™ Insurance works with equipment manufacturers, distributors and dealers to create insurance solutions tailored to benefit your business. Our program allows you to increase the value of every transaction with exceptional coverage and competitive rates. Unlike standard commercial insurance policies, coverage will not be cancelled due to claims and pricing is fixed for the duration of the enrollment.

Benefits

How to get the competitive edge you're looking for.

  1. Increase the value of your sale: differentiate yourself from your competition with the ability to quote and bind insurance at the point-of-sale and provide an added benefit of insurance to your customers.
  2. Exceptional Coverage: your customers will have access to exceptional coverage and competitive rates - fixed for the duration of enrollment.
  3. Marketing Fee Income: As a Marketing Partner, you earn fee income based on the volume of insurance coverage purchased by your clients - creating a new revenue stream for your business.

We do all the work!!! Let our Relationship Management team support you in successfully integrating insurance into your business.

  • Our web-based platform simplifies the process for quoting and binding a wide variety of equipment, making it easy to expand your business with a new source of revenue.
  • We will train your team to use our platform and coach them on how to most effectively generate quotes for your customers.
  • We’ll do all the billing and collecting for you! Once the quote is accepted by the customer and coverage is activated you are done – except for opening and depositing your quarterly marketing fee check.

Why is this important to your customer?

  • No deductible / low deductible options are available for multi-peril coverage which may provide more coverage than drop protection plans and many commercial property policies
  • Highly competitive rates on insurance protection for the term of enrollment that will not be up-rated or cancelled regardless of claim activity
  • Access to outstanding customer service and personal claims department highly experienced in equipment insurance

Our Coverage

instaCOVER is able to provide our exceptional coverage thanks to our partnership with Great American Insurance Company, Flagship Company to Great American Insurance Group. Great American Insurance Company has been continuously rated “A” (Excellent) or higher by A.M. Best Company since 1908. (Affirmed March 20, 2015)

Learn More about Great American Insurance >

instaCOVER and Great American team together to provide outstanding customer service & expert claims management.

Click here for more information about the claims process >

Financial Institutions / Leasing Brokers

instaCOVER™ Insurance offers a unique insurance solution tailored to benefit your business for leased and financed equipment - at no cost to you. Our program creates a new source of revenue for you, as a Marketing Partner, while expediting funding & equipment acquisitions with no more waiting for proof of insurance.

Our program saves valuable time and accelerates capital equipment transactions by fulfilling the financial institution's insurance requirements at the point-of-sale. With this value – added service your customers get immediate access to exceptional coverage at competitive pricing, fixed for the term of the financing.

Benefits

How to get the competitive edge you’re looking for?

  1. Expedited funding process: differentiate yourself from your competition with the ability to quote and bind insurance at the point of sale to ensure the funding process is never delayed for insurance reasons.
  2. Exceptional Coverage: your customers will have access to exceptional coverage and competitive rates, with the option to include vicarious liability coverage if required. Coverage and rates stay in place for the entire term of the financing.
  3. Marketing Fee Income: As a Marketing Partner, you earn fee income based on the volume of insurance coverage purchased by your clients - creating a new revenue stream for your business.

We do all the work!!! Let our Relationship Management team support you in successfully integrating insurance into your business.

  • Our web-based platform simplifies the process for quoting and binding a wide variety of equipment, making it easy to expand your business with a new source of revenue.
  • We will train your team to use our platform and coach them on how to most effectively generate quotes for your customers.
  • We’ll do all the billing and collecting for you! Once the quote is accepted and coverage is activatedd you are done – except for opening and depositing your quarterly marketing fee check.

Why is this important to your customer?

  • Designed to meet the insurance requirements of the financial institution
  • No deductible / low deductible options for multi-peril physical damage coverage
  • Vicarious liability coverage options
  • Highly competitive pricing on insurance protection that will not be up rated or cancelled during the term of the lease, even if there are claims
  • Convenient process to expedite funding at the point-of-sale with no annual renewal
  • Access to outstanding customer service and personal claims department highly experienced in equipment insurance

Our Coverage

instaCOVER is able to provide our exceptional coverage thanks to our partnership with Great American Insurance Company, Flagship Company to Great American Insurance Group. Great American Insurance Company has been continuously rated “A” (Excellent) or higher by A.M. Best Company since 1908. (Affirmed March 20, 2015)

Learn More about Great American Insurance >

instaCOVER and Great American team together to provide outstanding customer service & expert claims management.

Click here for more information about the claims process >

Insurance Customers

instaCOVER™ Insurance offers a unique solution that is quick and easy, and may provide better protection than many commercial policies. That coverage is immediate and rates are set for the entire term of your enrollment and will not be up-rated or cancelled due to a claim.

Benefits / Highlights

  • Coverage starts promptly upon your approving the quote
  • Specialty Insurance Program includes coverage specifically for your equipment type
  • No obligation – cancel anytime if you choose to get coverage for your equipment from another provider
  • Mobile equipment coverage - in transit, on the job site, and at your business location
  • Insurance coverage stays in place for the term of enrollment - will not be uprated or canceled due to claims activity
  • Flexible payment plans include monthly, annual or full term options
  • Convenient payment methods include credit card and direct debit
  • Responsive, personal claims service helps minimize business disruption

Claims



For policy or insurance related questions, including claims, please call our service center.

A member of our team is standing by to help you.

Toll Free: (866) 928-9180

Our Coverage

instaCOVER is able to provide our exceptional coverage thanks to our partnership with Great American Insurance Company, Flagship Company to Great American Insurance Group. Great American Insurance Company has been continuously rated “A” (Excellent) or higher by A.M. Best Company since 1908. (Affirmed March 20, 2015)

Learn More about Great American Insurance >

instaCOVER and Great American team together to provide outstanding customer service & expert claims management.

Click here for more information about the claims process >

The Insurance Program may include your membership in the instaCOVER Equipment Protection Association™ (iEPA)™ (“Association”) and insurance coverage on your equipment. Your bill includes insurance costs plus fees (collectively called “Insurance Charge”), which may include a profit component or fee payable to the Association if applicable. †We will continue to bill you for your Insurance Charge until you cancel your insurance and your membership in the Association, which can be cancelled at any time; however, there are no refunds or credits for partially used periods.

Coverage description is summarized. Refer to the actual Evidence of Insurance for a full description of applicable terms, conditions, limits, and exclusions. Policies are underwritten by Great American Insurance Company and Great American Assurance Company, authorized insurers in all 50 states and DC; Great American Spirit Insurance Company, which is an authorized insurer in all states and DC, except NH and VT; and Great American Contemporary Insurance Company, an authorized insurer in AZ, CA, FL, IL, IN, KY, MD, MO, NY, NC, OH, and WA. The following registered service marks are owned by Great American Insurance Company: the Great American Insurance Group eagle logo, and the word marks Great American® and Great American Insurance Group®. ©2016 Great American Insurance Company. All Rights Reserved.

Multi-Peril Coverage

Multi-Peril Coverage covers all physical loss and damage unless the peril is specifically excluded. A partial list of covered perils include:

  • Employee Theft * †
  • Flood *
  • Power Surge *
  • Theft *
  • Mechanical Breakdown * ‡
  • Operator Error * ‡
  • Burglary
  • Collapse
  • Falling Objects
  • Fire and Smoke
  • Hail
  • Tornado & Hurricane
  • Lightning
  • Transit
  • Vandalism
  • Wind
  • Accidental Drop is covered with our medical equipment program
  • *
    Perils marked with an asterisk are not covered in a standard business owner policy
  • No coverage for theft by shareholder, director partner or owner
  • Mechanical Breakdown and Operator Error coverages is included on Machine Tools and Printing Equipment

Compare the Coverage

  Great American Open-Peril Policies vs. Standard Commercial Insurance Policy
Covered Losses Open-peril policies include standard commercial policy coverage plus losses caused by accidental damage, burglary and employee theft, collapse, flood and hurricane, power surge, smoke, tornado, transit, and many more. Typically covers fire, lightning, hail, wind, and vandalism.
Mobile Coverage Mobile Coverage Equipment is covered while in transit, on the job site, or at the shop. Usually does not cover equipment while in transit or on the job site.
Water Damage All types of water damage are covered, including flood and hurricane. Typically excludes coverage for water damage, including flood and hurricane.
Geographic Location Rate is not determined by geographic location of equipment. Rate may vary by geographic location of equipment.
Optional Coverages Optional hard-to-find coverages available for specific types of equipment includes: mechanical breakdown, freeze, repossession, and remarketing. Optional coverages are not always offered.
Terms Coverage will not be cancelled during the term of the finance agreement due to loss experience. Annually renewed. Policy can be cancelled due to loss experience.
Zero Deductible No deductible required. Deductible options available. Deductible varies; typically range from $250 to over $1,000.
Cost Pricing is fixed for the duration of the enrollment. No increase because of a claim. Premium may increase after an insurance claim.
Provider Rating Great American Insurance Company has maintained a financial strength rating of “A” or better from A.M. Best Co. since 1908. (last affirmed 2/22/13) Provider ratings vary, and they may be lower
Service Quality In-house, personal service typically not found with other providers. Rapid claim resolution by experts in equipment claims. Service is often outsourced by third parties who have little expertise in equipment claims.
Great American Open-Peril Policies (GAIC) vs. Standard Commercial Insurance Policy (Other)
Covered Losses
GAIC Open-peril policies include standard commercial policy coverage plus losses caused by accidental damage, burglary and employee theft, collapse, flood and hurricane, power surge, smoke, tornado, transit, and many more.
Other Typically covers fire, lightning, hail, wind, and vandalism.
Mobile Coverage
GAIC Mobile Coverage Equipment is covered while in transit, on the job site, or at the shop.
Other Usually does not cover equipment while in transit or on the job site.
Water Damage
GAIC All types of water damage are covered, including flood and hurricane.
Other Typically excludes coverage for water damage, including flood and hurricane.
Geographic Location
GAIC Rate is not determined by geographic location of equipment.
Other Rate may vary by geographic location of equipment.
Optional Coverages
GAIC Optional hard-to-find coverages available for specific types of equipment includes: mechanical breakdown, freeze, repossession, and remarketing.
Other Optional coverages are not always offered.
Terms
GAIC Coverage will not be cancelled during the term of the finance agreement due to loss experience.
Other Annually renewed. Policy can be cancelled due to loss experience.
Zero Deductible
GAIC No deductible required. Deductible options available.
Other Deductible varies; typically range from $250 to over $1,000.
Cost
GAIC Pricing is fixed for the duration of the enrollment. No increase because of a claim.
Other Premium may increase after an insurance claim.
Provider Rating
GAIC Great American Insurance Company has maintained a financial strength rating of “A” or better from A.M. Best Co. since 1908. (last affirmed 2/22/13)
Other Provider ratings vary, and they may be lower
Service Quality
GAIC In-house, personal service typically not found with other providers. Rapid claim resolution by experts in equipment claims.
Other Service is often outsourced by third parties who have little expertise in equipment claims.

*For illustrative purposes only. The terms of other commercial insurance policies may differ from those listed.

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  • 17 Central Way
  • Kirkland, WA 98033

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