FAQs

Yellow Cover Equipment and Machinery Insurance FAQs

• What is Yellow Cover Equipment and Machinery Insurance?

  Yellow Cover Equipment and Machinery Insurance is uniquely designed to meet the needs of equipment and machinery owners, operators, and truck drivers.

  We make it simple to purchase insurance and protect your business. With industrial strength protection you can rely on, Equipment and Machinery Insurance provides: 

  • Comprehensive motor cover - loss or damage to your motor vehicle arising out of an accident or theft. Also including third party liability, for your trucks, trailers and registered plant and machinery.  Backed by 24/7 customer support and claims lodgement.
  • Downtime cover- looks after your business expenses when your eligible equipment, truck or trailer is not in use due to a registered claim.
    1. You can tailor your limits to suit.  Cover will not apply unless it is noted on your policy schedule under a specific motor vehicle item.
  • Breakdown Service - covers your vehicle for roadside assistance in the event of a breakdown. This includes emergency fuel delivery, tyre/wheel change, flat battery, lockout, hydraulic hose repairs, towing and message relay.  

  We're here for you with 24/7 breakdown assistance. Call us on 1800 827 747.

  Up to $300 per breakdown is provided automatically. Once your limit of cover has been reached, any excess costs will be charged to you or your operator prior to the services been undertaken.

  For trucks, additional cover is available under the Truck Assist Roadside product at www.truckassist.com.au

• My equipment or truck are covered - but what about me and my driver?

  Business is all about people and we're all too aware that accidents not only affect your vehicle but more importantly you and your people too.

  With Equipment and Machinery Insurance, you'll have access to additional benefits ranging from basic help with the cost of a taxi after an accident, to trauma counselling and help with getting family to a driver hospitalised away from home, and more. In fact over half of the additional benefits available under Yellow Cover Equipment and Machinery Insurance are aimed at helping you and your driver.

  Click here to check out the PDS for full limits terms and conditions of these covers.

• What do you mean by sum insured?

  Consider how much would it cost to replace your vehicle, including its attachments and accessories (excluding GST)? 

  Why are we asking this?

  If you have a claim, we will pay: 

  • The replacement value (depending on the age of the item), or;
  • The lesser of; the amount you have selected, or the market value

  How do I select my sum insured?

  • Vehicles up to 3 yrs old: Replacement cost, including on-road costs (like registration), for all vehicles, other than mobile plant (up to 2 yrs old); other than concrete agitator truck, stock/tanker type trailer or other specialist application body type (up to 1 yr old)
  • Vehicles over 3 yrs old: Market value (take into account condition, number of kms, age, body type, etc.  Websites for truck and equipment sales can also help)

  Note: Vehicle age is based on the initial registration date. Mobile plant is based on manufacture date.

  • Accessories - ensure your value includes these items
    1. Extras and working accessories (standard vehicle tools, tarps and gates, etc) (Yellow Cover Equipment and Machinery Insurance includes $5,000 automatic combined benefit)
    2. Other accessories such as Hiab crane arms, tailgate loaders

• Do I need to list all of my accessories?

  Some insurance providers expect you to list everything. Not us - if it's part of the vehicle or equipment it's covered.

  To make things easy, your sum insured includes all your attachments and fitted accessories. Just make sure your sum insured reflects this.

• What accessories are covered?

  Accessories include:

  • Extras and working accessories (standard vehicle tools, tarps and gates, etc.) Yellow Cover Equipment and Machinery Insurance includes $5,000 automatic combined benefit
  • Other accessories such as Hiab crane arms, tailgate loaders

• Are the tools I use for my trade covered under accessories?

  No, items such as power tools or the like used away from your vehicle are not covered under Yellow Cover Equipment and Machinery Insurance. A general property or business insurance cover may help you here.

  What is covered?

  Extras:

  (a) accessories (including built-in radio/CB radio/fixed telephone/refrigerator/TV receiver/CD player);

  (b) tools and spare parts that the manufacturer supplies as standard equipment; and

  (c) tarps, gates, chains, chain dogs, and the like

  Working Accessories:

  • Accessories that you own or lease that are normally attached to or in or on your motor vehicle including - buckets, chain trencher, hammer; pallet forks post hole borer, ramps, rippers; rock breaker, sweeper and lasers
  • $5,000 automatic combined benefit provided for extras and working accessories.  If you need more, please ensure your sum insured reflects this
  • Other attachments & accessories
  • Hiab crane arms, tailgate loaders, etc.

  Please ensure the sum insured reflects the value of these items.

• Driver/Operator conditions?

  You need to ensure you and your drivers have the appropriate licence class for vehicle. If unsure, contact your local state road authority.

• Age and/or inexperienced Driver/Operator excess?

  Conditions for driver/operators are outlined in the PDS.

  Conditions also apply when it comes to prime movers. 

  Dangerous Goods - placard load quantities are excluded. Radius limits apply to livestock and refrigerated cargo. This is also defined in the PDS.

• What's all this non-owned trailer nonsense?

  What is it?

  We provide cover for a single trailer that is used in connection with a prime mover or a rigid body truck insured under this policy. 

  Do I need to pay for this? 

  Yellow Cover Equipment and Machinery Insurance provides non-owned trailer (trailer in control) cover for damage to one non-owned trailer. Your policy gets up to $75,000 as an automatic benefit. 

  If the trailer has a higher value, or you need another trailer, you can add this as an item to your policy schedule, subject to an extra premium. Call 1800 827 747 - our team can do this over the phone.

• What if I need to change something on my policy? E.g. Add another vehicle

  Call 1800 827 747 - our team can do this for you over the phone.

• I already have Roadside Assistance. Why do I need breakdown cover? Can I remove it?

  Breakdown cover is an automatic roadside benefit in your Yellow Cover Equipment and Machinery Insurance, which cannot be removed.

  Up to $300 limit of cover is provided per breakdown under Yellow Cover Equipment and Machinery Insurance.