Scheduled Equipment & Mobile Gear for contractors

Generic property and blanket policies often cap per-item payouts or pay book value, which can be far below what a boom lift or towable compressor is worth. Scheduled coverage at agreed value pays the real value on a total loss — the difference between replacing the unit and taking a large loss.

Agreed value means you and the insurer agree on the equipment's value up front (documented on the schedule), and that's what pays on a total loss. Actual cash value (ACV) pays depreciated value at claim time — often dramatically less for older equipment. Agreed value removes the depreciation fight.

Yes. Scheduled equipment covers theft, transport damage, and many accidental losses, subject to the policy terms and deductible. Because mobile equipment is frequently towed between sites and parked at yards, theft coverage is one of its most-used features.

We document each unit — make, model, year, serial number, and current market value (often supported by a dealer quote or recent appraisal). That value goes on the schedule as the agreed amount. We update it as you add, sell, or replace equipment.

Scheduled equipment covers external loss (theft, damage). Internal mechanical and electrical failures need equipment breakdown coverage, which we pair with scheduled equipment so both the 'stolen or crashed' exposure and the 'blew up internally' exposure are covered.

It can be. We can extend scheduled coverage to rented and leased equipment, which matters if you rent lifts or compressors for specific jobs. Rental companies require proof of insurance — we issue certificates naming them as required.

Because the value is agreed up front on the schedule, total-loss claims pay quickly once the loss is documented (police report for theft, photos and damage assessment for damage). No depreciation dispute means faster payment — so you can replace the unit and keep the job moving.

Most contractors pay $500-$2,500 a year for a scheduled tools floater, typically 1-3% of the total scheduled gear value, modified by deductible and theft-loss history. We quote the full program in about 15 minutes and show every market's price.

Yes. Contractors Choice Agency is licensed in all 50 states and writes tools & equipment programs for contractors from the highest-theft markets to the storm-rebuild surge zones.

About 15 minutes for a standard scheduled-tools program. Once bound, we turn around certificates, schedules, and additional-insured endorsements usually within minutes.

No. GL covers third-party injury and damage, not your own gear. Tools are covered under a tools & equipment (inland marine) floater — which is what we build to close the gap GL leaves open.

We write tools & equipment at replacement cost so stolen or destroyed gear is replaced new, not depreciated. ACV policies can pay pennies on the dollar for a $600 nailer — replacement cost keeps you working.

Yes — a scheduled tools floater covers theft from your truck, trailer, and jobsite, subject to the policy terms and deductible. Some policies carry a higher theft-from-unattended-vehicle deductible, which we review carefully.

Schedule anything of meaningful value — nail guns, miter and circular saws, lasers, generators, compressors, mobile equipment, and specialty gear. We help you build the schedule with make, model, serial number, and replacement value, and update it as you add gear.

Yes. High-value mobile equipment should be scheduled separately at agreed value so a total loss pays what it's really worth. Generic policies undervalue this gear — we list each unit individually.

Often, yes. We have excess-and-surplus (E&S) inland marine markets for contractors with loss runs, prior thefts, or cancellations that standard markets decline. Bring your loss runs and gear schedule.

If you haul material packages that could be lost, damaged, or stolen in transit or before installation, yes. An installation floater covers materials from the supplier's truck until they're installed and accepted — closing a real gap.

You reach a person with context, not a queue. We respond within 2 hours, help you document the loss (police report for theft, photos, schedule), and manage the claim with the carrier so it's paid correctly and you can replace gear fast.

Tools and equipment coverage lives in the inland marine market — a specialty class most generic agents don't understand. A specialty broker knows which carriers write scheduled gear at replacement cost and how to manage a tools-theft claim so it pays.