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Damage Waiver Program

Our Damage Waiver Program provides fast, effective protection that saves you time and money.

U.S. Bank Equipment Finance, Inc. can arrange for an insurance program specifically designed to protect your leased equipment - you will not need to increase the limits of your existing policy to cover new equipment.

We know the importance of your financed equipment and want to be certain it's protected against physical damage. These days obtaining insurance can be time consuming and require lengthy applications. We know time is valuable, so with our Damage Waiver Program you can be protected within a matter of minutes. Also, by having one company as a contact for both financing and insurance, you can expect claims and other critical business needs to be handled quickly and professionally.

Our Damage Waiver Program can provide more coverage than other property insurance policies, saving you time and money when you need it most. Because we have a vested interest in your equipment and the success of your business, we want to ensure you are properly protected. In addition, the damage waiver fees can be included in your monthly lease payment to us, which can help ease any cash-flow requirement of paying for insurance.

The following are just some of the perils covered under our Program:
  • Burglary
  • Accidental damage
  • Fire
  • Vandalism
  • Lightning
  • Equipment breakdown
  • Operator Error

Financial losses incurred due to sudden and accidental equipment breakdown are covered under the Equipment Breakdown portion of the Damage Waiver Program. Perils covered may include, but are not limited to, breakdown of compressors, spindles, motors, turrets, bearings, ball screws and gear sets.

Contact us or call today at 800-572-2959 ext. 292 to see how our Damage Waiver Program can protect you.

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