Liability
- Cables and pipes
- Damage to buildings
- Injury to bystanders
Insuring a Caterpillar
With Caterpillar plant, the policy turns on two things the insurer holds you to: the security you have declared and the sum insured, which has to keep pace with the replacement price.
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- 9.5 customer rating for a new policy
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- Personal 072 - 509 24 56, weekdays 9–17
This page in another language: Nederlands
The calculator and the quote form below are in Dutch. Prefer to do this in English? Email info@finassverzekert.nl or call 072 - 509 24 56 and we will take it from there.
Work out for yourself what it would cost.
Enter your details; you will receive a proposal within one working day.
- We compare the offerings of several insurers
- An adviser checks whether the cover suits your situation
- We arrange the switch, including cancellation
A premium indication, not personal advice. Prefer to talk it through? Call 072 - 509 24 56.
- Independent advice
- Several insurers
- Switching arranged
- Help with claims
In brief
Caterpillar builds across almost the whole range of earthmoving, from compact tracked excavators to heavy dozers and wheeled loaders. That means high object values and a machine that can be used and sold anywhere in the world. Insurers translate that into prevention requirements: a tracker with a live subscription, an immobiliser or PIN, and agreements about storage. Those requirements are not advice but a condition of the policy.
The second point to watch is the sum insured. With plant that holds its value relatively well, the amount set on a policy years ago is often no longer the price you pay today for an equivalent machine. If the declared sum lags behind the actual replacement value, underinsurance arises and even a partial loss is paid proportionately.
The flip side of the dense dealer network is welcome when you have a claim: parts and specialist repair are readily available, which limits downtime after an insured loss. Maintenance and overhaul remain at your own expense. A policy pays for damage, not for wear.
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Caterpillar: what is covered?
The structure of the cover in three parts, with an overview per situation below.
Own-damage cover
Damage to and theft of the machine, including inherent defect.
- Theft and vandalism
- Fire and storm
- Inherent defect and operating error
Downtime and transport
What comes into play with breakdown and transport.
- Business interruption during downtime
- Transport to the site
- Hired plant
What is covered
| Situation | Covered |
|---|---|
| Theft from the building site | Sometimes |
| Fire and storm damage | Yes |
| Inherent defect in the hydraulics | Sometimes |
| Damage to cables and pipes | Sometimes |
| Normal wear and tracks | No |
| Damage due to deferred maintenance | No |
This overview is general in nature and is not personal advice. What is actually covered, including exclusions, limits and the excess, is set out in the policy conditions and the insurance card (verzekeringskaart) of the insurer; you receive both before you take out cover. Taking out cover without advice? Then read what execution only means for you.
What does your premium depend on?
- Sum insured and basis of valuation. Replacement value as new, market value, or a depreciation scheme with an age limit.
- Machine class and operating weight. Heavier plant means higher repair costs and greater consequential loss.
- Required security measures. Tracker with a live subscription, immobiliser and PIN or coded key.
- Storage and site security. Where the machine stands outside working hours and how that site is screened off.
- Maintenance regime. A current service contract with fixed intervals limits disputes about wear.
- Excess per event. A higher excess lowers the premium but shifts small losses onto you.
Insurers weigh these details differently. That is where your saving is.
How we arrange it
- You request a quoteWe take stock of your situation, your risk and your wishes.
- We compareseveral insurers, on premium as well as conditions.
- You receive a proposalWith an explanation of the differences and the exclusions.
- We arrange the switchIncluding cancellation, so there is no gap in cover.
Why arrange it through Finass Verzekert?
We look at the terms as well as the premium, and stay your point of contact when there is a claim.
Independent
We are not tied to one insurer and compare on the basis of an objective analysis of several companies.
One fixed adviser
You call or email someone who knows your file. No menu options, no changing call centres.
Switching without hassle
We cancel your old policy and align the start date, so you are never a day without cover.
Help with claims
We report the claim and monitor how it is handled. In urgent cases you can reach us on the emergency line.
9.5New policy
9.8Claims handling
Customers rate our service on four aspects: personal service, service delivery, availability and the outcome. The reviews are collected and published by NH1816 and come from customers who have actually taken out a policy with Finass Advies B.V. or reported a claim.
Where things go wrong in practice
Four points that make the difference between a policy that pays out and one that does not.
Security is a condition, not a recommendation
If a tracker, immobiliser or locked storage is declared on the application, the insurer records that as a condition. If it emerges after a theft that the subscription had been cancelled or that the machine was standing elsewhere, the facts have been misrepresented. Articles 7:928 and 7:930 DCC govern what then happens to the payout: where an incorrect declaration would have altered acceptance, the compensation may be reduced or lapse entirely.
Measuring the sum insured against today's replacement price
A policy drawn up years ago often still carries the old purchase value. If the actual replacement value is now higher, the insurer reduces the payout proportionately, even for a loss far smaller than the value of the machine. Have the sum reviewed periodically and record which basis of value applies: replacement value as new, market value, or a depreciation scheme with an age limit. Each of those bases leads to a different payout for the same loss.
Telematics helps with recovery, not with cover
A tracking system reduces the chance that a stolen machine disappears and is therefore valued at acceptance. It does not replace the question of cover. If the machine is recovered damaged, the ordinary own-damage assessment applies, including the excess. After a theft, insurers ask for the history from the system; if it is missing because the subscription was not active, that weakens your case considerably. Make sure the data can also be transferred on sale.
Damage yes, maintenance and wear no
With heavy machines the largest invoices are often maintenance invoices: undercarriage, engine overhaul, driveline. Those fall outside any own-damage cover. Insurers pay for a sudden, unforeseen event, not for gradual deterioration. Damage resulting from deferred maintenance or from continuing to use the machine after a fault warning is also refused. Keep service reports; they determine which side of the dividing line your claim falls.
Repairs and parts
Parts are quickly available, which limits downtime after a loss.
Acceptance differs per insurer
Not every company applies the same policy for this make. With unusual versions, the question is not what it costs but who will accept it.
Frequently asked questions
This is what people ask us most.
What happens if my tracker subscription has expired?
If the tracker was declared on the application, it counts as a condition of the policy. An expired subscription means you do not meet the agreed security. The insurer can then reduce or refuse the payout after a theft, relying on Articles 7:928 and 7:930 DCC. So always report changes to the security straight away.
How do I know whether my sum insured is still correct?
Compare the amount on the policy with what you would pay today for an equivalent machine. If the replacement value is higher, there is underinsurance and even a partial loss is paid proportionately. Have the sum reviewed periodically, certainly after the equipment has been modified or extra features have been added to the machine.
Is a defective engine or pump insured?
Only if inherent defect or machinery breakdown is included and the event was sudden. Gradual deterioration, wear and the consequences of deferred maintenance fall outside. If you keep working after a fault warning and greater damage results, that is treated as avoidable and the extra part remains at your expense.
Why does the insurer ask for my service reports?
To establish whether the damage occurred suddenly or was the end of a longer process. In practice, the distinction between covered damage and uncovered wear is decided by the maintenance history. A complete file with intervals, work carried out and parts replaced strengthens your position considerably in borderline cases.
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Ready to compare?
Request a quote without obligation. We will look at which insurer best matches your activities and your risk.
Prefer to call? 072 - 509 24 56, weekdays 09:00–17:00.
Claim on the road? Emergency line 06 - 55 20 40 72.
About our service
Finass Verzekert is a trading name of Finass Advies B.V. We advise on and arrange non-life insurance on the basis of an objective analysis of several insurers, and receive commission for this from the insurer, which is included in the premium. You pay no separate advice fee. Before you take out cover, we establish your wishes and needs.
You will find our licence, KvK and Kifid details and our complaints procedure at the foot of every page.
This page was compiled by Finass Verzekert. Last updated on .
The information on this page is general in nature and is not personal advice.