Primary Coverage: This provides primary insurance coverage to the lessor on its entire leased equipment portfolio. This type of coverage eliminates the need for the lessor to track and verify property insurance coverage.

Contingent Coverage: The lessor is protected in the event that the lessee's primary physical damage insurance is cancelled or is inadequate to cover the lessor's loss.

Features/Benefits

1. Protects the lessor from financial loss due to damage or theft of its leased equipment
   
2. Provides broader coverage than the standard commercial property policy
   
3. Expert claims handling can reduce losses
   
4. Flexible billing options include life of the lease and monthly reporting

Eligible Asset/Customer Class

1. Commercial Equipment Lessors
   
2. Equipment portfolios