Insurance

Protection Plan: Coverage for your Leased and Financed Equipment

When you finance a machine with a lease or loan through CLAAS Financial Services, you are required to insure the asset. For your convenience, we offer a protection policy that not only provides standard coverage on your equipment, but also covers many types of losses that may not be available under many business policies, such as flood.

Program Benefits

  • Premium will not change over the term of your lease or loan agreement
  • No insurance renewals required for the term of your lease or loan agreement
  • Convenient premium payment – it’s included in your invoice
  • $1,000 deductible
  • Comprehensive coverage
  • Premium payments mirror your contract payment schedule

To get a premium payment estimate use the POS Premium Estimator. Quotations are estimates only and are subject to underwriting.

To elect to insure the leased or financed equipment under this program, call 866-657-1442 or check the appropriate box on the CLAAS Financial Services Equipment Finance Application.

ABOUT THE INSURANCE COMPANY: The policy is underwritten by American Bankers Insurance Company of Florida, an Assurant Specialty Property company. The company has a Best's Ratings of "A" (Excellent) by A.M. Best Company, an organization that rates insurance companies, based on financial strength and operating performance. A.M. Best ratings range from A++ to F.A.M. An "A" rating represents the third highest position out of 16 rating categories. Best neither endorses nor is affiliated with American Bankers Insurance Company of Florida.

The policy contains exclusions, limitations, and terms for keeping it in force. A licensed insurance professional can provide you with cost and complete details. Claims for payment are the responsibility of American Bankers Insurance Company of Florida.

The carrier is not affiliated with CLAAS Financial Services or its affiliates.