Fast Machinery Insurance

Comprehensive Dry Hire Insurance Solutions for Machinery and Equipment

At Fast Machinery Insurance, we understand the importance of protecting your assets when engaging in dry hire arrangements. Whether you’re renting out machinery or equipment, ensuring adequate insurance coverage is essential to mitigate risks and safeguard your business interests. Explore our tailored dry hire insurance solutions designed to provide peace of mind and financial security.

Dry Hire Insurance for Machinery

Dry hire insurance for machinery offers protection for owners renting out their equipment without operators. It covers various risks associated with rental activities, including damage, theft, and liability claims. Our policies are specifically crafted to address the unique needs of machinery owners engaging in dry hire arrangements, providing comprehensive coverage and peace of mind.

Equipment Dry Hire Insurance

Equipment dry hire insurance provides essential coverage for owners renting out equipment without operators. Whether you’re leasing out excavators, loaders, or other equipment, protecting your assets from potential risks is paramount. Our comprehensive insurance solutions are tailored to meet the unique needs of equipment owners engaged in dry hire arrangements, offering peace of mind and financial security.

Dry Hire Insurance Offers two Types of Coverage: Subrogation & Damage Waiver

Subrogation entails that the hirer assumes responsibility for any loss or damage incurred while the equipment is in their possession, as outlined in the terms and conditions of the hire agreement. Should the hirer inadvertently damage the machinery, the insurer will facilitate repairs and subsequently invoice the hirer for the incurred costs.

On the other hand, a damage waiver clause added to the insurance policy provides comprehensive coverage for both the hirer and the owner. In this scenario, if the hirer unintentionally damages the equipment, the insurer covers the repair expenses, and no bill is forwarded to the hirer. However, it’s crucial to ensure that the hire agreement explicitly includes a damage waiver clause, specifying that the hirer will be protected under the owner’s insurance policy.

Now, let’s explore the advantages and disadvantages of each option:

Ensure comprehensive protection for your rented machinery and equipment with Fast Machinery Insurance’s dry hire insurance solutions. Contact us today to learn more about our customizable policies and get a personalized insurance quote tailored to your specific needs.