Liability
- Cables and pipes
- Damage to buildings
- Injury to bystanders
Insuring a Takeuchi
Compact Takeuchi machines are more often with a hirer or a contractor than on the owner’s yard, so the first question after damage is whose policy that damage belongs to.
- several insurers compared objectively
- 9.5 customer rating for a new policy
- AFM licence 12016589
- 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
Takeuchi has a strong position in the Dutch hire market. As a result, this equipment often ends up in a triangle: an owner, a hirer and a site where neither of them is present every day. For insurance that means two different questions, depending on your role. Do you hire the machine out, or have you hired in from someone else?
If you hire in, the machine is not your property but it is under your control. Damage to it is damage to a hired item, and on most liability policies that falls under the care, custody and control exclusion. The owner will still send you the bill, under the hire agreement.
If you hire out, your hire contract determines who bears which risk. A contract is not insurance, however: if the hirer cannot pay for the damage, it comes back to you all the same.
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We compare your plant and machinery insurance across dozens of insurers, explain where the real differences lie, and arrange the switch from start to finish — without you having to chase it yourself.
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Takeuchi: 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?
- Your role: hiring out or hiring in. Who owns the machine and who actually uses it determines which cover is needed.
- Size and composition of the fleet. The number of objects and the spread of type and value across the equipment schedule.
- Hire with or without an operator. Supplying a machine without an operator makes use unpredictable and weighs more heavily.
- Type of hirers. Regular contractors, private individuals or changing day hirers produce different claims patterns.
- Security across the whole fleet. A tracker, immobiliser and engraved numbers on every object, not only on the newest.
- Limit for hired equipment. The amount for which you insure machines you hire in yourself.
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.
Hired equipment falls under the care, custody and control exclusion
If a hired-in mini excavator tips over or the hydraulics are damaged, your liability insurer will usually point to the exclusion for items in your custody. Meanwhile the owner holds you to the hire agreement. To close that gap you need an extension for hired equipment, with a limit that matches the heaviest machine you ever hire in. Arrange that before the season starts.
The contract shifts the risk, the policy does not follow automatically
Hire conditions almost always put damage, theft and the excess with the hirer. That is valid as a matter of contract, but your insurer is not a party to it. If, as the party hiring out, you state in your conditions that the hirer bears everything, you are still left with the loss where a hirer cannot be traced or is insolvent. Check whether your own-damage cover also applies while the machine is in use with a third party.
A fleet policy lives on notifications
Anyone hiring out sees the composition change: machines are added, sold or replaced. A plant and machinery policy works with a schedule of objects, and that schedule is only up to date if you report changes. A new machine that has been on site for three months without being declared is not insured if it is stolen. Agree whether there is provisional cover for new additions and within what period you have to report them.
Faults a hirer does not report
A hirer works on with a warning light on, does not top up the oil or ignores a squealing undercarriage. The damage that follows is greater than the original fault, and insurers do not pay for that extra part. Set a duty to report faults out in the hire conditions, read off the running hours on return and record the condition of the machine with photographs on delivery and on return. Without those records you are in a weak position against two parties.
Repairs and parts
Parts are readily available. The tracks themselves are a recurring wear item and are not insured.
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.
Is a machine I hire in insured on my policy?
Not automatically. On most liability policies, damage to hired items falls under the care, custody and control exclusion, while the owner still holds you to the hire agreement. A separate extension is needed for that, with a limit that matches the heaviest machine you hire in. Arrange that extension before you hire in for the first time.
My hirer has caused damage. Can I recover it?
Contractually, usually yes, because hire conditions normally place damage and the excess with the hirer. In reality it depends on whether that party can and will pay. If they do not, the loss comes back to you and therefore to your own-damage cover. Check whether that cover also applies while the machine is in use with a third party.
Do I have to report every new machine separately?
Yes, unless your policy has an arrangement for new additions with a notification period. Plant and machinery insurance works with a schedule of objects, and what is not on it is not insured. Report sales as well, otherwise you pay premium for machines you no longer own. Ask what interim cover applies between purchase and notification.
What if a hirer ignores a fault?
Then the consequential damage is usually not covered, because it was avoidable. Insurers pay for a sudden event, not for damage that grew because work continued. Set a duty to report faults out in your hire conditions and document the condition and running hours of the machine on delivery and on return.
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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.