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Leased asset claim examples
Examples of claims under a leased assets policy
Chubb Commercial Insurance
Insurance coverage provided under the term ‘leased assets’ can take on many different forms and cover a wide range of assets.
Whether you are a leasing/hire company, a manufacturer or finance company our range of leased asset products can provide the
necessary level of cover required.
Assets range from laptops to photocopiers, telephone systems to CCTV, printing presses to industrial lathes or medical equipment
to excavators and trailers.
Each of Chubb’s leased asset products can be priced on an annual renewable basis or by a ‘lock in’ basis whereby the price
for the entire lease term is set at the start of lease. The lock in approach provides you with price certainty for leases
which can run up to 84 months in duration.
Chubb has the necessary skills and experience to guide you through available programme structure and administration requirements,
regulatory & legal issues and will provide a claims protocol to create a leased asset programme which is compliant for all
Our leased asset policies:
With this option you are provided with a master policy by us and each individual end user (lessee) would be endorsed on to
the policy at the start of the lease, therefore enjoying the benefit of the coverage provided by Chubb.
Once again you are provided with a master policy by Chubb. However on this occasion the policy only covers your interest’s.
The end user (lessee) will not be a named insured within the policy. This option is to be run in tandem with an asset protection
plan which is offered to the end user by you and is often referred to as a ‘contract waiver’ basis.
Single interest (Contingent)
This programme could be set up to ensure that if the coverage arranged by the end user (lessee) failed for any reason then
the claim could be submitted to Chubb to have the asset repaired / replaced.
The cost of the insurance for the asset in question is automatically included within the sale price of the asset meaning coverage
is also provided automatically for an agreed period of time.