Product

Physical Damage ProtectionTM for Long-Term Risk Reduction

Physical Damage Insurance Protection for Long-Term Lease Equipment

Physical Damage Protection (PDP) brings the same physical damage insurance protections of JT Bates Insurance Group’s Rental Equipment ProtectionTM (REP) to qualifying purchased and/or long-term lease equipment. Investments in equipment financed for purchase or long-term lease can now carry the same all-risk coverage our customers trust in REP along with a hassle free claims process, immediately effective coverage and the peace of mind that claims will not affect other insurance premiums. The only difference between REP and PDP is the rates. JT Bates Insurance Group ensures the lower risk of purchased and long-term lease equipment is matched by lower, competitive rates.

Why JT Bates Insurance Group?

PDP Prepares Your Long-Term Lease Equipment for Anything

PDP offers the same excellent coverage of REP. Unlike other physical damage insurance protection options, our all-risk coverage protects you unless specifically stated otherwise. Any long-term lease equipment - except that licensed for the road - is eligible. With the exceptions of loss of use, mechanical breakdown, missing property, wear and tear and criminal activity committed by the dealer, PDP can protect anything from trenching boxes to excavators from risks of the job site.


*Not all Named Peril policies are written the same. The list we chose is an example of a typical policy.

Physical Damage Protection

Named Peril*

Accidental Damage
X
Collisions
X
Criminal Acts
X
Earthquakes
X
Falling Objects
X
Fire
X
X
Hail
X
Flood
X
X
Theft
X
Ingestion
X
Theft
X
Maybe
Overturns
X
Wind
X
X
Vandalism
X
Weight of Load
X
Other Non-Exlcuded Perils
X

We wrote Physical Damage Protection in the same way as Rental Equipment Protection, so the quality of the program has already been proven!

Jayme Bates, CEO

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