The Hartford Financial Services Group Inc. now offers Equipment Rental & Sales ChoiceSM, a robust, flexible marine policy that provides comprehensive property protection for a broad array of equipment suppliers. The policy brings together several different types of coverage typically offered in separate marine policies.

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Equipment Rental & Sales Choice was developed in direct response to feedback about specific customer needs and is designed to address virtually any type of equipment whether it is rented, owned or away on exhibit. It also provides coverage for businesses that perform maintenance of their customers' equipment, which is becoming increasingly common as an additional revenue source.

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Key policy features include:

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  • A broad definition of covered property that includes nearly all types of equipment and tools ranging from flatware and serving items to large contractors' equipment
  • Broad all-risk coverage that includes flood, earthquake and voluntary parting with covered property
  • Coverage for property that is not tied to specific premises, including property during transit and in storage, or on display in a showroom or at another type of exhibition
  • Property that is leased or rented from others, including property that is re-leased or re-rented to a customer
  • Property in the care, custody and control of the insured during repair, maintenance or another capacity while the insured is acting as a bailee
  • Potential coverage for losses resulting from conversion of property for a use other than what was authorized in a rental agreement
  • The flexibility to customize coverage, limits and deductibles.

The Hartford's Equipment Rental & Sales Choice is available as both a stand-alone policy and to customers of the company's multi-line programs for equipment rental and sales businesses.

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