Mobile Equipment Insurance

What Does Mobile Equipment Insurance Mean?

Mobile equipment insurance provides coverage for mobile equipment that does not qualify as motor vehicles, such as tractors, forklifts, and excavators. Many owners pair this with broader tools and equipment insurance, so the smaller gear they keep on a job site is covered too.

Insuranceopedia Explains Mobile Equipment Insurance

Mobile equipment typically stays on the insured’s property and is not intended for regular use on streets, highways, or other roadways.

Although mobile equipment doesn’t operate on roads like cars and trucks, it is still exposed to similar risks. For instance, a tractor could be involved in a collision, or a forklift might be stolen from the owner’s property. Mobile equipment insurance helps owners protect against these types of risks. Excavator owners in particular often look at how the cost of this policy compares with the wider excavation contractor insurance they may already carry.