EPD is an all risk policy written to cover agricultural, construction, lawn and
commercial equipment vehicles. EPD is offered as a voluntary point-of-purchase program
designed to be an easy way to protect financed equipment purchases. It protects
both lenders and consumers against the risk of physical damage or theft of their
financed purchase. It can be offered for the term of the loan or on an annual basis.
- Physical Damage – losses from theft or physical damage
to agricultural and commercial equipment.
- Coverage Limits – EPD offers coverage on an Actual
Cash Value basis to repair or replace damaged equipment.
- Coverage Terms – Coverage can be written for the term of
the loan if the equipment is financed for a maximum of 84 months and up to $100,000
in purchase price.
EPD is available for lawn mowers, small tractors, small construction equipment and
Term of loan – Provides coverage for the term of the
financing agreement up to 84 months.
Annual – Provides coverage for a 12-month period and
can be renewed at the end of each coverage period.
Flexible rates, deductibles and replacement coverages are available.