Property & Mobile Equipment

Comprehensive Protection for Your Assets

As an organization, your physical assets are crucial to maintaining operations and delivering services effectively. However, these assets are vulnerable to various perils, such as fire, hail, windstorms, water damage, vandalism, and more. TPS Property and Mobile Equipment coverage is designed to provide comprehensive protection against financial losses resulting from damage to property owned by your organization, ensuring that you can recover swiftly and minimize operational disruptions.

Broad Coverage for Your Property and Equipment

TPS Property and Mobile Equipment coverage offers extensive protection for a wide range of assets, including buildings, personal property (contents), mobile equipment, and more. Whether the damage occurs at a scheduled location or during transit, our coverage protects you against covered perils, providing the financial resources necessary for repair or replacement.

Comprehensive Coverage Features

TPS Property and Mobile Equipment coverage includes a variety of valuable features to ensure your assets are properly protected, such as:

1. Blanket Building & Business Personal Property (BPP) Replacement Cost Coverage (in most cases): Provides coverage on a replacement cost basis for buildings and personal property, ensuring you can rebuild or replace damaged assets without deducting for depreciation.
2. Boiler & Machinery/Equipment Breakdown Coverage: Includes coverage for spoilage, expediting expenses, and CFC refrigerants resulting from equipment breakdown incidents.
3. Errors & Omissions Coverage: Safeguards against unintentional errors or omissions in the description or valuation of your property, ensuring comprehensive coverage.
4. Extra Expense Coverage: Covers additional expenses incurred to continue operations following a covered loss, minimizing business interruptions.
5. Fine Art Coverage: Includes coverage for fine art, ensuring your valuable art collections are properly insured.
6. Flood Coverage: Provides protection against financial losses caused by flooding, including water that backs up through sewers, drains, or sumps.
7. Loss Prevention Services: Access to valuable loss prevention services to help identify and mitigate potential risks to your property.
8. Newly Constructed or Acquired Property Coverage: Automatically extends coverage to newly constructed or acquired property, ensuring seamless protection for your growing assets.
9. Ordinance or Law Coverage: Covers the increased costs of construction or demolition due to the enforcement of building codes or ordinances.
10. And More: Our coverage also includes protection for outdoor property, debris removal, personal effects, pollution cleanup, property in transit, utility services/direct damage, and valuable papers.

With TPS comprehensive Property and Mobile Equipment coverage, you can have peace of mind knowing that your organization’s physical assets are protected against a wide range of perils. Contact us today to learn more about our coverage options and how we can safeguard your property and mobile equipment investments.