What is Equipment insurance?

It is a policy which covers mobile equipment that is not licensed for road use. This includes:

  • Forklifts
  • Excavators
  • Mobile cranes
  • Tractors
  • Other self-propelled vehicles
  • Static heavy equipment

Key coverage

Here is an overview of your coverage



Covers loss of or damage to

  • Equipment
  • Standard accessories
  • Parts in hand due to
    • Accidental collision, overturning and collision, or overturning resulting from mechanical derangement
    • Fire, external explosion, self-ignition or lightning
    • Burglary, housebreaking or theft

How much is my premium?

Your premium may vary, depending on

  • Risk exposure
  • The sum insured
  • Our underwriting requirements

Download our brochures under the Product Literature

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What we don’t cover

  • Loss of or damage sustained outside the territorial limit
  • Equipment that is licensed for road use as defined in the Road Traffic Act
  • Equipment in transit (including process of loading and unloading)
  • Equipment used for racing, speed testing, or reliability demonstration for carriage of passengers to draw a trailer or towing any vehicle unless such towed vehicle is not towed for reward not in connection with your business
  • Equipment operated by an authorized operator under the influence of intoxicating liquor or drugs
  • Equipment operated on board any waterborne vessel
  • Consequential loss or legal liability or any nature
  • Incidents resulting from wear and tear, depreciation, gradual deterioration, mildew, moth, vermin or any process of cleaning, dyeing, repairing, restoring or renovating, war, invasion, acts of foreign enemies, hostilities or warlike operations (whether war be declared or not) or civil war mutiny, strike riot and civil commotion, military or popular rising, insurrection, rebellion, revolution, military or usurped power, martial law or state of siege or any of the events or causes which determine the proclamation or maintenance of martial law or state of siege delay, seizure, confiscation or detention by Government Authorities
  • Any act of terrorism
This list is non-exhaustive. Please refer to the sample policy contract for the full list of exclusions under this policy.
Important information

This plan is underwritten by Tokio Marine Insurans (Malaysia) Berhad. All benefits and features mentioned herein are subject to terms and conditions of the policy. It is In your best interest to refer to the Policy Contract for the precise terms and conditions of this insurance plan. The information shown here is for reference only and is accurate as at 30 June 2012.

Note: You should satisfy yourself that this policy will best serve your needs. You should read and understand the insurance policy, and at all times, feel free to contact us for more information.