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Our Downtime Loss and Rental Reimbursement & Towing Coverage endorsement offers unique features that best meet the needs of customers who rely on their trucks to generate an income. It provides up to $100 per day, subject to a 7-day waiting period and a maximum of $3,000 per loss, for either:
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Downtime Loss, which indemnifies for a portion of the loss of earnings resulting from a customer's inability to operate due to a covered loss to a covered vehicle. For example, if a customer's truck is involved in an accident, Downtime Loss will pay for a portion of lost income that would have been generated by that truck if it was in service. |
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Rental Reimbursement, which pays for a portion of the rental costs while customer's truck is being repaired if damaged by a covered cause of loss.
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Competitive Advantages: Choice & Flexibility
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At the time of claim, a customer can decide which approach is best for them. If they feel they can earn more with a rental, we'll cover $100 per day toward a suitable rental. |
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If equipment is so specialized that renting an equivalent truck is not an option, Downtime Loss is the ideal solution, helping to replace a portion of their lost income. |
This endorsement also provides Towing Coverage for towing expenses resulting from covered accidents and disablements, subject to $500 per disablement and a policy maximum of $2,500.
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Competitive Advantage: Coverage for Disablements
Unlike carriers that only provide coverage for towing resulting from a covered accident, we also cover towing due to disablement which includes:
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mechanical, electrical or engine failure, or |
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tire blow-out where repairs cannot be made roadside and a tow is required to remove the truck from the roadway to service it or make repairs |
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Affordable Coverage Driven to Help Protect
At a cost of only $180 per vehicle, this endorsement is ideal for: |
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