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- Overview
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Programs
Programs
- Financed Equipment Insurance
- Vehicle Protection Program
- Medical & Digital Radiography Equipment Insurance
- Digital Radiography Warranty
- Digital Radiography Service Contract
- Rental Waivers
- Non-Financed/Owned Equipment Insurance
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About Us
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Contact Us
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Financed Equipment
Insurance -
Vehicle Protection
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Medical Equipment &
Digital Radiography Insurance -
Digital Radiography
Warranty -
Digital Radiography
Service Contract -
Rental Waivers
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Non-Financed / Owned
Equipment Insurance
Financed Equipment Insurance
instaCOVER offers a unique coverage solution tailored to benefit your business for leased and financed equipment – at no cost to you. Our Financed Equipment 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 financing.
Our programs create a new source of revenue for you, as a marketing partners, while expediting funding and equipment acquisitions with no more waiting for proof of insurance.
Benefits & Highlights
- Differentiate yourself from your competition with the ability to quote and bind coverage at the point of sale to ensure the funding process is never delayed for insurance reasons
- Customizable programs to fit your business needs – if you are a funder protect your risk exposure by automatically placing coverage on financed assets
- Earn additional income based on the volume of insurance coverage enrollments 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
- We’ll do all the billing and collection for you! Once the quote is accepted and coverage is activated you are done – except for opening and depositing your quarterly check
Coverage Features
Our Web-based platform simplifies the process for quoting and binding a wide variety of equipment with excellent coverage for your customer including:
- Policy designed to meet the insurance requirement of the financial institutions
- Exceptional coverage at competitive rates with no deductible/low deductible options for multi-peril physical damage coverage
- Single interest vicarious liability coverage options
- Coverage and rates stay in place for entire term of the financing
- Access to outstanding customer service and a personal claims department highly experienced in equipment insurance
Sample Equipment Covered
- Agricultural
- Automotive, Garage
- Computer, Server, Software
- Construction, Surveying
- Copier Equipment
- Energy & Utilities
- Mobile and Fixed Medical/Dental/Vet Equipment
- Furniture, Art
- Golf Carts
- Laptops, Handheld Devices
- Lawncare Equipment
- Light Construction
- Manufacturing, Assembly
- Material Handling (External & Internal)
- Office Equipment
- Outdoor, Fitness Equipment
- Portable & External Equipment and Signs
- Printing, Audio, Video
- Restaurant
- Retail Equipment, POS, ATM
- Security Equipment
- Telecommunication
Vehicle Protection Program “VPP”
Our Vehicle Protection Program ‘VPP’ works the same as our financed equipment. Our platform can be used to easily enroll a vehicle or trailer for coverage at the POS to ensure the funding process is never delayed due to insurance.
- VPP protects Brokers & Funders against the risk of uninsured physical loss or damage to eligible financed titled vehicles and trailers
- VPP is single interest. The policy is issued to the finance company (and its successors and assigns). The customer is not an insured or additional insured, but an Acord 23 Certificate with the vehicle and customer information is provided for the funding package.
- VPP covers only physical damage to financed vehicles and both physical damage and vicarious liability for trailers
- Standard Deductible is $1,000
- Settlement Method - Actual Cash Value
Benefits & Highlights
Same great benefits as with the financed equipment program, but with a few extra
- Designed to meet the insurance requirements of the financial institution
- Vicarious liability coverage options available for trailers ONLY
- Exceptional coverage at competitive rates
- Coverage and rates stay in place for the entire term of the financing
- Convenient process to expedite funding at the point-of-sale with no annual renewal
- Earn administrative fee income based on the volume of insurance coverage purchased by your clients - creating a new revenue stream for your business
- Access to outstanding customer service and personal claims department highly experienced in equipment insurance
Eligible Vehicle Types
Light Truck
Gross vehicle weight (GVW) of 10,000 pounds or less
Medium Truck
GVW of 10,001 – 20,000 pounds
Heavy Truck
GVW of 20,001 – 45,000 pounds
X-Heavy Truck
GVW over 45,000 pounds
Truck-Tractor
“A motorized auto with or without body for carrying commodities or materials, equipped with fifth wheel coupling device for semitrailers”.
Heavy Truck-Tractor
Has a gross combination weight (GCW) of 45,000 pounds or less
X-Heavy Truck-Tractor
(GCW) over 45,000 pounds
Semi-trailer
A trailer equipped with fifth wheel coupling device for use with a truck-tractor, with load capacity over 2,000 pounds. This includes bogies used to convert containers into semitrailers
Trailer
Load capacity over 2,000 pounds with hitch coupling
Service / Utility Trailer
A trailer or semitrailer with load capacity of 2,000 pounds or less
Medical & Digital Radiography Equipment Insurance
For Medical Providers, Mobile Providers, Hospitals, Clinics & Urgent Care Facilities, Veterinary/Equine Clinics
instaCOVER insurance solutions specializes in providing comprehensive insurance for medical equipment including Digital Radiography Panels-as an affordable alternative to other protective programs
Benefits & Highlights
- Comprehensive multi-peril physical damage coverage, including accidental drop and liquid damage
- Coverage terms for up to 7 years after initial installation
- Stated Value Replacement
- Access to outstanding customer service and a personal claims department highly experienced in this industry with awareness to the importance of quickly resolving the claim so you can continue to do your work
- Coverage for New and Pre-Installed Panels
Digital Radiography Warranty
For Original Equipment Manufacturers/Integrators with FDA 510K Clearance
This warranty is automatically included in the purchase price of new equipment at the point of sale. It is designed to provide financial backing and to help mitigate risks of the manufacturer’s exposure due to accidental damage.
Benefits & Highlights
- Automatic coverage directly from Manufacturer - included in the purchase of all panels of selected make and model.
- Warranty term options 1 to 7 years
- Manufacturer facilitates the claim and reports the loss to iC
- Manufacturer manages the risk through customizable program solutions tailored to your business needs
- You determine what is needed to service customers and facilitate and manage the claims process
- You determine the parameters including co-pay to the customer, number of losses allowed with the shared goal to keep costs low
- Manufacturers can combine the two programs-for example:
- Offer warranty for years 1-2
- Opt-in to purchase Service Contract-Extended Warranty for years 3-7
Digital Radiography Service Contract (Extended Warranty)
for Accidental Damage Due to Handling “ADH”
For Equipment-Manufacturers / Distributors / Dealers / Asset Mangers / Bio-Med Companies
This is optional coverage for the customer to purchase at the point of sale.
Benefits & Highlights
- Service Contract (Extended Warranty) can be part of your service contract or a stand-alone offering covering drop and liquid damage
- Service Contract (Extended Warranty) can be offered on new or pre-installed/used panels*
- Manufacturers can combine with the warranty program, for example:
- Offer warranty for years 1-2
- Opt-in to purchase Service Contract-Extended Warranty for years 3-7
- You manage your risk by determining your program parameters and your customer needs
- You manage the customer in the claim and report the loss to instaCOVER
- This grogram allows you the opportunity to generate some revenue while providing the best support to your customer and offering an additional value of drop coverage protection
Rental Waivers
We specialize in being a solution when insurance is a requirement in any transaction, and our focus is to make it easy for both you and your customer all while adding value to your product.
This is why we developed our Loss Damage Waiver Program ‘LDW’ to provide an easy solution for rental equipment. This will help you, the rental house manage your risk exposure, while your customer can satisfy the needs of the rental agreement without the hassle of needing to track down insurance.
Non-Financed / Owned Equipment Insurance
Once you own your equipment (pay off your lease) you have the option of continuing protection with instaCOVER insurance. We will provide you with a new insurance quote at the end of your lease term to continue physical damage coverage.
Non-Financed Equipment instaCOVER Insures
- Agriculture Equipment
- Audio/Video
- Automobile/Garage
- Construction
- Material Handling External/Internal
- Lawncare
- Manufacturing/Assembly
- Portable, External, Signs
- Retail, POS, ATM
- Healthcare Equipment
Need Help?
Contact Us
Toll Free: (866) 928-9180
Fax: (866) 593-5884
Email: info@instacover.com
www.instaCOVER.com
Address
instaCOVER - 17 Central Way
- Kirkland, WA 98033
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