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Limited Warranty Coverage
Warranty CoverageThe used equipment breakdown warranty covers the cost to repair or replace used equipment following an electrical or mechanical breakdown. Here is a sampling of the types of breakdown covered:
Unlike most warranties the coverage includes breakdowns due to operator errors and unintended overloads. Both labor and replacement parts are included (like parts that are customarily used in the industry). A 12-month term available. Limit is 100% of the asset purchase price, not to exceed $1,000,000. Deductible is 5% of purchase price up to a maximum of US$2,500. The warranty does not cover performance, safety, efficiency or utility of the equipment. There are other exclusions that are detailed in the warranty terms and conditions, which is available upon request. Claim ProcessIf a covered piece of equipment suffers a mechanical or electrical breakdown, the warranty holder contacts Hartford Steam Boiler by phone within four days to report the claim. HSB's adjuster takes the basic loss information and where necessary, initiates a more in-depth investigation. The warranty holder then contacts the repair firm of their choosing or works with HSB to locate replacement equipment. Once the extent of the covered loss is determined, HSB reimburses the warranty holder. Coverage is OptionalThe used equipment extended warranty is included as an option in your dealer's price quote, so you know what the cost is up front. It's totally optional; you decide whether or not you want to purchase it. |
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