Equipment Physical Damage Coverage In Minutes
IMMEDIATE QUOTES. SAME-DAY BINDING AVAILABLE.
Coverage starts immediately. Eligible equipment can often be quoted and bound immediately without a lengthy insurance application. Fast, hassle-free physical damage coverage that helps protect your investment so you can focus on getting the job done.
The TrueGuard Equipment Advantage
Eligible equipment valued up to $500,000 can often be quoted and bound immediately through our streamlined Great American Equipment Physical Damage Program.
Immediate Quotes
Receive fast pricing for eligible equipment.
Same-Day Binding Available
Coverage can often be bound the same day.
Premium Lock Available
Financed equipment may qualify to lock insurance premiums for up to 72 months.
Flexible Payment Options
Monthly, Semi-Annual, Annual, or Entire Finance Term.
Why Customers Love This Program
No Insurance Application Required
If you're financing equipment through a participating dealer, you're already pre-approved. No lengthy applications, no waiting days for approval, and no back-and-forth.
Protected From Day One
Coverage starts immediately so your equipment is protected from the exact moment you take delivery.
Built For Heavy Equipment
Whether purchasing new or qualified used equipment, this program is built specifically for contractors, landscapers, municipalities, farmers, and equipment owners.
Flexible Payment Options
Choose the payment option that works best for your cash flow: Monthly, Semi-Annual, Annual, or roll it into your Entire Finance Term.
What's Covered?
Broad Physical Damage Protection
An open-peril policy offering broader protection compared to a traditional Business Owner's policy. Protection against many common causes of loss including:
*Subject to temporary underwriting restrictions following catastrophic events.
Program Highlights
Equipment Eligibility
- New Equipment
- Qualified Used Equipment (Normal useful life of at least 15 years)
- Financed Equipment
- Non-Financed Equipment
- Up to 15 Years Old (excluding cranes)
Coverage Limits
Up to $500,000
per location without prior underwriting approval
Higher limits available with underwriting review
You Leave Today Knowing:
Heavy Equipment
Excavators, Dozers, Loaders
Compact Equipment
Skid Steers, Mini Excavators
Agricultural
Tractors, Sprayers, Spreaders
Eligible Equipment Risk Profiles
We cover the following Risk Profiles of Construction / Agriculture equipment throughout all 50 states for physical damage only:
| Class | Class Code | Description | Examples |
|---|---|---|---|
| Heavy | G1 | Self-propelled > $100k | Loaders, Excavators, Dozers, Backhoe, Articulated Truck, Directional Drills, Demolition, Recycling, Quarry/Aggregate |
| Compact | G2 | Self-propelled < $100k | Skid steer, Track loader, Mini Excavator, Chippers/Grinders, Lawn Care, UTV's |
| Lifts | G3 | Material Handling | Scissor Lifts, Telehandlers, Boom Lifts |
| Utility | G6 | Mounted, Trailered, Towed | Generators, Compressors, Light Towers, Pumps, Compaction, Rolloff Dumpsters |
| Portable | I4 | Handheld/Portable | Surveying, Lasers, Cameras, Robotics, Pipe Cleaners, Small refuse dumpsters |
| Trailers | Z1 | Separate Trailers | e.g. "Big Tex" |
| Agricultural Equipment | K1 | Tractors | Tractors, Sprayers, Spreaders, etc. |
How It Works
Submit Your Information
Tell us about your equipment and operation.
Eligibility Review
We'll quickly verify that your equipment qualifies.
Receive Your Quote
Immediate pricing is available for most eligible risks.
Bind Coverage
Coverage can often be issued the same day.
Understanding Your Coverage
Inland Marine vs. Commercial Property
Why heavy equipment requires specialized policy structures instead of standard property insurance.
Inland Marine (Equipment Floater)
Designed specifically for property that moves. This is the correct coverage for construction equipment because it travels between job sites, storage yards, and repair facilities.
- Covers equipment anywhere it goes
- Includes coverage during transit
- Covers tools left at job sites
Commercial Property
Designed for buildings and the contents permanently kept inside them. If you insure a backhoe under a property policy, it loses coverage the moment it leaves your address.
- Restricted to a specific address
- No coverage in transit
- No coverage at active job sites
Frequently Asked Questions
About the Author: Matt Nelson
Matt Nelson is the Founder of TrueGuard Insurance and a licensed insurance professional with over 15 years of experience in commercial trucking and equipment finance and insurance. He specializes in structuring risk management programs for personal lines, commercial operations, trucking, construction equipment, and dealer programs.
As a dedicated advocate for his clients, Matt is committed to upholding the highest industry standards of ethics and transparency, aligning with the principles of respected industry bodies like the National Association of Insurance Commissioners (NAIC). He helps individuals and businesses across multiple states make informed, strategic insurance decisions.
More Equipment Resources
Learn more about protecting your construction business in North Carolina.
Construction Equipment Insurance in Winston-Salem
Local guide to protecting your heavy machinery from theft, weather, and job site accidents.
Construction Equipment Learning Center
Explore our comprehensive guides on physical damage, tools coverage, and inland marine policies.
General Liability for Contractors
Why equipment coverage isn't enough, and how general liability protects your contracting business.
Ready To Protect Your Equipment?
Get immediate pricing for eligible equipment valued up to $500,000.
No lengthy insurance application. Flexible payment options.
Coverage can often be bound today.
Why TrueGuard Insurance
The Independent Advantage
As an independent insurance agency based in Winston-Salem, NC, TrueGuard Insurance serves individuals, families, and businesses with personalized coverage and honest guidance — across multiple states and growing.
Independent Agency
We represent multiple A-rated carriers and shop the market on your behalf — so you get the best coverage at the most competitive rate, not just what one company offers.
15+ Years of Experience
Matt Nelson brings over 15 years of hands-on experience in commercial trucking, construction equipment, finance, and insurance — giving you guidance backed by real industry knowledge.
Local North Carolina Expertise
Based in Winston-Salem and serving clients throughout the Piedmont Triad and across North Carolina, we understand the unique risks and regulations that affect our region.
Personalized Solutions
No two clients are the same. We take the time to understand your specific situation and build a coverage program tailored to your needs — not a one-size-fits-all policy.
Claims Guidance & Support
When a claim happens, we're in your corner. We guide you through the process step by step so you're never left navigating a difficult situation alone.
Responsive Service
We prioritize fast turnaround on quotes, certificates of insurance, and policy changes. You shouldn't have to chase your agent — we stay ahead of your needs.
Specialized Programs
We offer access to specialized insurance programs for trucking, construction equipment, dealer programs, and more — markets that most standard agencies simply cannot access.
Ongoing Policy Reviews
Insurance needs change. We proactively review your policies to identify coverage gaps, eliminate unnecessary costs, and ensure your program keeps pace with your life and business.
