Miscellaneous Equipment coverage (also referred to as mobile equipment or inland marine coverage) is something VRSA staff receive questions on frequently.
In general, the coverage protects mobile equipment such as graders, backhoes, landscaping equipment, ATVS, golf carts, and mobile communication equipment often found on police and fire trucks. This equipment may be damaged or lost due to fire, wind, and other perils. Miscellaneous Equipment coverage also protects tools and equipment, fine art, and valuable papers.
Coverage is available on a blanket basis for all items valued under $10,000. The blanket limit should be the replacement cost value of all owned equipment valued under $10,000. Equipment and other items valued over $10,000 should be scheduled separately. Scheduling more costly items helps ensure adequate coverage.
Public entities are advised to maintain an accurate schedule of property and equipment for verification in the event of a loss and to ensure proper limits are carried.
Frequently Asked Questions:
- Is this coverage provided for rental equipment?
- Yes, VRSA also provides this coverage for rented equipment. Before purchasing rental company insurance, we recommend contacting VRSA for a quote or to see if this coverage is already included for your entity’s rentals on a blanket basis.
- Should members schedule items (such as trailers) on the vehicle schedule or the equipment schedule?
- There are two considerations: 1) Is the vehicle licensed to be on the road by the DMV? If so, it should be on the automobile schedule. 2) Is the equipment (such as radio/emergency equipment) permanently installed in the vehicle? If so, it should be included in the value of the vehicle and does not need to be scheduled on the equipment schedule.
- Should miscellaneous equipment be scheduled, or should it be considered property in the open?
- Equipment scheduled on the miscellaneous schedule should be mobile and have the ability to be transported from one location to another. Property in the Open is installed at a permanent location, such as playground equipment, lighting, fencing, etc. Sometimes this equipment can be as far as 1,000 feet from a building or structure.
For more information on this and other coverages, contact your coverage specialist at 800-963-6800.