Equipment Property Insurance

This insurance provides coverage for your inventory of sports equipment under replacement cost value. It covers all equipment owned by the insured organization while in the building specified for storage.

• Fire 
• Lightning 
• Windstorm 
• Hail 
• Vandalism 
• Hurricane 
• Tornado 
• Burglary 
• Flood

• $250 – for equipment with a total value under $10,000 
• $1,000 – for values of $10,001 to $100,000 
• Values over $100,000 quoted upon request

You must insure the full replacement value of the equipment (100% co-insurance). With 100% co-insurance clause, you are agreeing to accept a penalty if a covered loss occurs and all of your equipment and contents are not insured to their replacement cost value.  For this reason, it is vital that the values of your equipment and contents be accurately reported and updated annually to reflect inflation and other increases in cost. If they are undervalued, a co-insurance penalty may be applied at the time of a loss.  The penalty equals the difference between the amount of the loss and the amount actually paid by the carrier.

Wear and tear or depreciation; Mechanical breakdown; Unexplained disappearance; Dishonest or criminal acts (including theft).