Zakelijk • Verkeer • Work equipment • Graafmachine
Excavator insurance – cover for damage, theft and downtime
A Excavator is kostbaar bedrijfsmaterieel en draait vaak op projecten waar het risico op schade, theft en vandalisme hoger is. Met een excavator insurance (under the work equipment insurance) you insure your machine against core risks such as fire and theft, and (depending on your choice) wider hull/all-risk injury.
Op deze pagina leest u welke Coverages passend zijn (WA, brand/diefstal, casco), hoe premie en acceptatie worden bepaald, en waar u op let bij rental, Transportation and Accessories such as buckets, quick coupler or tiltrotator.
Coverage, maximums and exclusions always follow the policy conditions.
Excavator insurance in brief
You insure the excavator as Work equipment. U kiest een dekking die past bij uw gebruik: eigen projecten, onderaanneming, rental of inzet op wisselende locaties.
Most Popular Choices
- fire & theft as a basis for outdoor/project storage.
- hull/all-risk with intensive use or higher value.
- WA (liability) if you want to cover damage to third parties (situation-dependent).
Mobile or caterpillar: this can influence deployment, transport and prevention.
What is excavator insurance (work equipment insurance)?
Goal
Een excavator insurance beschermt uw bedrijf tegen onverwachte kosten door schade aan of verlies van de graafmachine. Dit kan gaan om schade door brand, diefstal en vandalisme, maar ook om cascoschade door bijvoorbeeld aanrijding, omvallen of transportincidenten.
WA/WAM: when does liability come into play?
Sommige vormen van werkmaterieel kunnen – afhankelijk van gebruik, registratie en deelname aan het verkeer – (WAM-)Liabilitysdekking nodig hebben. Laat bij aanvraag toetsen wat in uw situatie verstandig of verplicht is.
The exact assessment depends on the situation and insurer.
Coverage: from fire & theft to comprehensive/all-risk
fire & theft
- fire, lightning and explosion (policy dependent);
- theft or attempted theft;
- relevant for outdoor storage and project locations.
(Limited) airframe
- damage due to collision or rollover (depending on policy);
- vandalism; sometimes limited weather/nature coverage;
- intermediate variant with a balance between premium and coverage.
Casco / All risk
- broad coverage for sudden, unforeseen damage;
- also relevant for intensive deployment and transport;
- Please note deductible and exclusions (wear and tear/gradual damage).
Points of comparison (practical)
| Point of comparison | Why important | What to pay attention to |
|---|---|---|
| Prevention requirements | Often decisive in theft claims. | Storage, locks, tracking/GPS, key management. |
| Transportation coverage | Damage regularly occurs during moving/transport. | Loading/unloading, own transport vs carrier, journeys between locations. |
| Accessories | Buckets, quick coupler and tiltrotator are expensive. | Co-insured? Maximums per part/accessories. |
| Own risk | Affects premium and your personal contribution. | Height per event; different deductible in case of theft. |
| Value basis | Determines payment in case of total loss. | New value/current value, depreciation, underinsurance. |
Policy conditions are leading; have important points explicitly included in the quotation/policy.
Accessories and construction: don't forget this value
Common accessories
- excavator buckets (various types), sorting grab;
- quick coupler, tiltrotator;
- hydraulic hammer, ripper, overpressure/safety modules;
- additional lighting, camera modules, GPS/machine control.
Not everything is insured as standard. Maximums and definitions vary per insurer.
This way you avoid discussion in the event of damage
- make a list of accessories + values;
- save invoices/delivery notes;
- take photos of the machine and accessories;
- Have accessories included as a separate item or an insured part.
Premium: what does the price depend on?
Most important premium factors
- Type (caterpillar/mobile), weight class and value;
- Coverage (fire/theft, comprehensive/all risk) and deductible;
- Usage: projects, locations, intensity, night parking;
- Security: storage, tracking, key management;
- Damage history and business activities.
Compare wisely
- compare premium and conditions (prevention, exclusions);
- check maximums for accessories and transport;
- look at deductibles per event;
- tailor coverage to real risks (project storage, transport, rental).
Rental & deployment: prevent coverage gaps
Rental (with/without driver)
Verhuur verandert het risico: andere gebruikers, andere locaties en andere aansprakelijkheden. Meld verhuur altijd vooraf; Conditions kunnen afwijken.
- who operates the machine and who is responsible?
- what is permitted in terms of locations and activities?
- What prevention requirements apply to rental?
Work on different projects
Bij projectmatige inzet spelen diefstalrisico, toezicht, omgevingsschade en transport frequency mee. Beschrijf uw werkzaamheden en locaties zo concreet mogelijk in de aanvraag.
Transport and moving: damage often occurs here
Loading and unloading
Damage caused by sliding, falling or collision when driving on and off a low loader/trailer is common.
Transport by third parties
If a carrier transports, liability/recourse may arise. Provide clear agreements and evidence (before/after photos).
Stables along the way
Parking on location or on the road increases the risk of theft. Prevention requirements can then weigh extra heavily.
Damage reporting: this is how you speed up the handling
- Take photos/video of damage, surroundings and any traces.
- Note date/time/location, people involved and witnesses.
- Limit consequential damage (securing/detonating).
- Report damage in a timely and complete manner, including documents (report in case of theft).
Always follow policy conditions for reporting periods and prevention.
Prevention: lower claims burden and often better acceptance
Stables
- lockable area/shed where possible;
- not unnecessarily in view along public roads;
- supervision/control during project installation.
Security
- key management and immobilizer;
- tracking/GPS (if required or desirable);
- locking/hydraulic security (policy dependent).
Maintenance
- periodic maintenance and inspections;
- document activities (invoices/logbooks);
- prevent discussion about wear and tear/overdue maintenance.
Checklist: apply for excavator insurance in 10 minutes
1) Machine data
- make/type and year of manufacture
- serial number(s)
- (catalogue) value / replacement value
- caterpillar or mobile + weight class
2) Use & location
- activities and sector
- project storage (day/night)
- transport frequency
- rental: yes/no (with/without driver)
3) Coverage
- fire & theft
- (limited) hull or all-risk
- insure accessories
- deductible appropriate
Frequently asked questions about excavator insurance
What is excavator insurance?
This is usually work equipment insurance for your excavator (tracked or mobile). You can opt for coverage against fire and theft and expand this with comprehensive/all-risk coverage for broader damage.
Is theft on a construction site insured?
This is possible, provided you meet the prevention requirements in the policy (e.g. storage, locks, tracking and key management). Check the conditions for night storage and project locations.
What is the difference between (limited) hull and all-risk?
(Limited) comprehensive cover usually covers a limited number of causes (depending on the policy). Allrisk (casco) is broader and can also cover damage caused by collision, fall over, vandalism and transport incidents. Exact coverage varies per insurer.
Are accessories such as tiltrotator and buckets included in the insurance?
Not always standard. Often there is a maximum or you have to specify accessories separately. Make sure that accessories and values are explicitly included in the quotation/policy.
Is transport of the excavator included in the insurance?
Transport coverage is policy dependent. If you regularly transport (loading/unloading, low-loader, transporter), please have this explicitly included in the coverage.
Can I insure an excavator if I rent it?
Often yes, but you must report rentals in advance. Conditions may differ for use by third parties or rental without an operator. Request a customized quote.
What information do I need for a quote?
Usually: brand/type, year of manufacture, serial number(s), value, use (projects, transport, rental) and an overview of accessories. Information about storage and security is also important.
How does the deductible work?
The deductible is the part of the damage that you pay yourself. This may differ per coverage and is sometimes higher in the event of theft. Choose a deductible that suits your liquidity.
Insure an excavator? Request a work equipment quote
Start de offerte-aanvraag en ontvang een voorstel dat past bij uw machine, gebruik en preventiesituatie. Wij helpen u graag met dekking, Conditions en acceptatie.
Direct contact: call 072 – 509 24 56 or email to info@finassverzekert.nl.
