Insurance Agency in Keego Harbor, MI • (248) 682-1510

Five Tips for Buying Insurance for Contractors Equipment

Theft of Contractors Equipment is getting bigger and more organized. Five suspects from Metro Detroit Area, were arrested for more than 50 thefts in Michigan, as well as Indian and Ohio.

Here are my Five Tips for covering your equipment:

1) Schedule the larger equipment: This gives you a lower rate. The Blanket rate is 3X as much as the scheduled equipment rate. It also will cover the exact piece of equipment, with description and the value, which makes it easier to process a claim.

2) Rental Equipment: Always add coverage for rental equipment. This will cover you up to a specific limit should you have to replace rented equipment or other losses that you are responsible for should you be held responsible for damage or to theft of rental equipment.

3) Rental Reimbursement and Extra Expense for your own equipment: What do you do when someone has vandalized your own equipment and you have to rent to finish the job? This coverage pays for the cost of the rental equipment and pays extra expense you incur to minimize your suspension of your business.

4) Replacement cost coverage: Did you know that on a new piece of equipment, you may be able to have replacement cost? Normally we insure equipment for Actual Cash Value which is subject to a lower value due to depreciation. If you have newer equipment, ask for replacement cost coverage.

5) Package your equipment with your other coverages: Insurance companies offer a 10% discount if you put both your equipment with your liability insurance coverages.

Questions on insuring your equipment? Complete Insurance understands businesses in the community and will find the best value for your coverage. Our agents are knowledgeable and experienced and take pride in reviewing your options with multiple insurance companies, comparing protection and prices to find the best value for your business.

Whether you need homeowner’s insurance, auto insurance, life insurance, medical insurance, or business insurance coverage we have a plan for everyone. Call our Keego Harbor insurance office for a Free Quote today!

John Linemeyer CCU
Complete Insurance Services, Inc.

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The team at Complete Insurance is ready to provide personalized, no-obligation quotes for all your insurance needs.

Top Rated Agency

Keego Harbor’s top-rated agency for exceptional personal and business insurance solutions.

Joe Morrison
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Walker & his staff at Complete Insurance Services are second to none. We get personal, timely service on top of unbelievable rates. Have happily recommended them to family, friends & colleagues. If you need insurance, look no further!!
Sarah Shock
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Walker and his team have gone above and beyond for our family on multiple occasions. By far the easiest company I have worked with for communication.
Aaron F.
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I have been insured by Auto Owners Insurance through the Complete Insurance Agency for more than 10 years. John and his staff have helped me through a few houses and a couple of claims. Top notch service from a very professional organization. Thank you for all of your service !
Kim Simmons
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Best insurance agents I've ever dealt with. I've got my auto and homeowners with them. A few homeowners claims with no problems. Every time I call, they treat me like family and quickly respond to my requests. I have , and will recommend them to anyone.
Sheryl Parker
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Great pricing and good service. Very knowledgeable.
Dave Trish
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Walker is fantastic. Quick to respond and always finds the best rates.
Dominic Jr C.
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Simply the best service anyone can ask for. Been with them for 24 years. Looking forward to 24 more!
Zada F.
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I like the fact that this is a family owned and operated business. They have helped to individualize my auto and home insurance needs. The staff is always helpful in answering my questions. Iv'e been with the company for over twenty years.