EQUIPMENT PROTECTION Flexible coverage for equipment Whether you work with earth movers, road builders or other heavy equipment, we have access to comprehensive Contractors' Equipment Policies which include excellent equipment coverages that offer good basic protection at competitive rates. We know that your equipment uses can vary widely from job to job and throughout the year. So, we've designed a set of coverages to answer all your needs. Protection can be arranged in one of several ways: 1.SCHEDULED - Equipment is itemized and protected either on an all-risk basis or against specific perils. Forexample, you may wish to cover equipment only against fire and vandalism. 2.BLANKET - Designed primarily for owners of several pieces of equipment, this policy offers the convenience of a group coverage of all your equipment with one lump sum. 3.ANNUAL ADJUSTMENT - If your equipment values fluctuate often throughout the year, it may be more convenient to provide your current annual schedule. Premium is based on the coverage values. Additional options for complete coverage. You can augment equipment protection to suit different situations: LEASED OR RENTED EQUIPMENT - can be covered on an estimated receipts basis. RENTAL REIMBURSEMENT - helps keep you working with a rental allowance if your equipment breaks down.  EMPLOYEE TOOLS OR CLOTHING - covers any damage that might occur to employee-owned equipment. BORROWED EQUIPMENT - covers you for damage caused to equipment on loan to you. REPLACEMENT COST - available for items less than 3 years old. PARTIAL-LOSS WAIVER OF DEPRECIATION - lets you regain the portion of the loss that would have been deducted for depreciation first, up to 20% of the actual cash value.