This Is What You Gain When You Go With Cat Physical Damage Insurance:
Insures against loss or damage from collision, upset or overturn, fire, theft, vandalism, flood, earthquake and more.
The basic deductible is $1,000 ($5,000 for forestry equipment).
Insurance is available for any brand of equipment, as well as trailers and attachments that are purchased with the equipment and listed on the sales invoice.
Coverage for rental costs up to $500 per day, up to $10,000 per occurrence and $100,000 coverage for rented replacement equipment.
For covered partial losses, we pay the replacement cost for Cat® genuine parts, where available, and repairs by an authorized Cat dealer or facility of choice.
For covered total losses, we pay up to policy limits the greater of the loan payoff value*, actual cash value or fair market value.
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