We are please to be able to offer an EQUIPMENT PROTECTION PROGRAM designed for businesses who have leased equipment from Geneva Capital LLC. This program allows for the equipment included in your lease to be included in an insurance policy issued to Geneva Capital LLC by Great American Insurance Group.
This program allows Geneva Capital LLC to pass along to you, their valued lease customer, the following benefits:
- Effective Equipment Protection (Replacement Cost of Equipment)
- Equipment Protection includes additional coverage not found within regular insurance policies: Employee Theft, Flood, Power Surge, & Accidental Damage. This is in addition to Burglary, Collapse, Falling Objects, Fire/Smoke, Hail, Hurricane/Tornado, Lightning, Transit, Vandalism, and Wind.
- No Deductible
- Competitive Cost (Feel free to compare the insurance charge with your insurer.)
- Convenience (Monthly insurance charge is billed as a separate line item within your monthly lease payment.)
This Equipment Protection is very competitive in the way it handles the Settlement of Covered Losses. In the event of a settlement, Great American Insurance Group will select one of the following methods for claims settlement:
- Repair of the covered equipment if repairable
- Replacement of the covered equipment with new equipment
- Payment to Geneva Capital for the stipulated loss of value of the covered equipment at the time of loss
The average 12 month average turn around time for a claim is 23 days from first contact to closure of claim.
How do I get a quote for insurance?
You don't have to do a thing! We will automatically provide an insurance quote for your consideration after your Purchase Order has been issued.
Why should I change my insurance agent?
As you already partnered with Geneva Capital LLC for your financing, you are working with a trusted source for your financed equipment insurance needs. We also offer a competitively priced and convenient solution for your insurance needs.
We also partnered with a Rated A+ Superior insurance company to provide our customers security in knowing that their insurance needs are protected.
Am I required to use Pillar Insurance Services LLC?
No, but there will be several benefits from the combination of services. Below are only a few:
- Competitive Pricing
- Quicker claims service
- Streamlined payment processing
- One-stop-shop for equipment and insurance products
end faq
Geneva Capital LLC is the only insured under this policy. Our property insurance policy is underwritten by:
Great American Insurance Group®
301 Fourth Street, Cincinnati, OH 45202
Rated A+ (Superior) by A.M. Best Company
Questions?
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