Does WesTrac and Cat Financial offer insurance?
Yes, we offer insurance. Our Cat Financial Representative based at WesTrac can tailor an insurance policy to protect against unpredictable risks.
What will my machine be insured against?
Your machine can be insured against damages caused by
- Fire, frost, ice
- Lightning or over voltage from storms
- Explosion
- Crash of an aircraft
- Theft
- Accident during transport
- Operating mistake or carelessness
- Failure of measuring, regulation or safety instruments
- Lack of water, oil or lubricating fluid
- Short circuit
- Natural disaster: earthquake or flood
- Constructional or material flaw
This protection has been specifically designed for owners of heavy equipment.
When does my coverage of the insurance begin?
If applied for at the time of financing, the insurance coverage will automatically start at the moment you are taking on the risk. The coverage ends after the termination of the contract, latest after 5 years.
What is covered if my machine is damaged?
In the case of damage to your machine, the costs to restore the machine to its condition prior to the incident are reimbursed. This includes for example:
- costs for spare parts
- labour costs including surcharges for Sundays, holidays and overtime
- costs for transportation
In addition, the insurance reimburses costs for:
- clean-up and disposal
- decontamination and disposal of soil
- moving and protection
- air freight
What is covered in the event of a total loss?
In case of total loss, an amount will be reimbursed that would have to be spent for the replacement of a comparable machine under consideration of condition and age.