Physical Damage Insurance

Physical Damage Insurance

You never know when something might happen to your equipment. With Physical Damage Insurance, you will be ready. If your new or used machine experiences a covered loss, we'll get it repaired or replaced so you can get back to work.

You invest a lot in your business, and protecting those investments is a priority. Whether you are looking to manage risk, prepare for the unexpected or simply enhance peace of mind, we have the solution that can help you be more successful.


Protection When You Need It Most

Physical Damage Insurance covers losses due to collision, flood, upset or overturn, fire, vandalism, theft and more. For partial losses, we pay the full replacement cost for genuine Cat® parts and repairs by Cat dealers.

Coverage Details

Our comprehensive coverage and competitive rates are available to all equipment customers. If you finance your machines through Cat Financial, you will get instant approval and a locked-in rate for the term of your contract.

  • For total losses, we cover the greatest value of the following:
    • The payoff value of your loan, up to the amount of your insurance OR
    • The actual cash value of your insured equipment OR
    • The cost to replace your machine with one of like kind and quality
  • For covered partial loss, full replacement cost for genuine Cat parts and authorised Cat dealer repair
  • $1,000 deductible for all equipment except logging ($5,000)
  • Unlimited mileage up to $2,500 for transportation of insured equipment for repairs
  • Equipment rental costs up to $2,500 after a covered loss
  • Up to $100,000 of coverage for damage to replacement rental equipment
  • Fire department service fees up to $5,000
  • Debris removal up to $10,000
  • Deductible waivers for qualifying anti-theft or automatic fire suppression system
  • Equipment from other manufacturers can be insured
  • Equipment trailers and attachments can be insured

Coverage for All Your Machines

You deserve the best coverage for your machines, regardless of the manufacturer. That's why we offer Physical Damage Insurance for all your equipment, including trailers and attachments, with enhanced coverage for fleets.


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Extended Protection

You count on your Cat machines and power systems to get the job done, day in and day out. Now, choose a level of protection that’s just as dependable and long-lasting.

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Used Equipment

Choose from a wide range of age and hour machines, coupled with financing and extended protection solutions.

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