Insurer to Waive $10K Theft Deductible on Nationally Registered Equipment

September 24, 2007

  • September 24, 2007 at 2:06 am
    Umpiire says:
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    This is a GREAT service / cost idea, and one I’m hopeful other equipment specialty writers will follow. Yes, CNA is doing it for selfish reasons — good for them!

    These pieces of equipment can truly be properly “marked” to show clear ownership, thereby making fencing far too costly to create much market.

    A contractor in Texas once painted all of his a horrible color — and gave every deputy in surrounding counties clear notice that he would pay a reward for any phone call seeing his units drive by unannounced. He didn’t lose another piece of equipment — because EVERYONE knew precisely who that unit belonged to, and that it was going to attract way too much attention leaving it’s home county!

    Contractors can seriously reduce their rates, if they can nearly eliminate the theft exposure on these units. And that makes their loss of income for the missing equipment use, which is actually more important to them, go way down as well.

    If you write any such equipment — DO this, and you will have a huge competitive advantage.

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