Plant insurance - old for new?

[hamdogg]

Hi all, I'm looking into getting some plant insurance for my 150 chipper and rayco stump grinder, I heard alot of people have old for new insurance! Is this the way to go and is it a lot more expensive? Cheers

[detritus21]

My bandit hb20 has cost another 60ish quid a year on my current premium new for old. My total premium is about 340 a year which is 3k of saws etc a tw150 and the hb20. Through arborisk

[hamdogg]

I'm with arborisk for my pl and el! Gonna be using them for my plant insurance too

[Hodge]

I have all my plant new for old with Trust. It is worth having. When I had an incident it paid out within a couple of weeks for a new machine.

[hamdogg]

I have all my plant new for old with Trust. It is worth having. When I had an incident it paid out within a couple of weeks for a new machine.

 

 

Not sure how it works, as my chipper is an old entec 150!

[Hodge]

You would be best speaking to them first, the sum insured will effect the premium. Always check first and read the small print.

[hamdogg]

Gonna give them a call tommorow!!