Cat Insurance last week announced it has partnered with Cat AccessAccount to enable equipment owners to pay for their physical damage insurance renewal with their Cat AccessAccount, simplifying the renewal process.
Physical damage insurance covers losses from theft, collision, flood, upset or overturn, fire, vandalism and more, for all machines in an owner’s fleet, regardless of brand.
Cat AccessAccount allows customers to pay for or rent anything offered at any Cat dealer or The Cat Rental Store in the United States, with the exception of new Cat construction equipment.
Users have the choice of making 10-percent minimum monthly payments and revolving the balance (with the exception of rental charges), or paying the balance in full each month with no interest charges. From machines and work tools to parts and service, Cat AccessAccount offers a competitive rate of Prime plus 7 percent.
Machine owners with physical damage insurance will receive a renewal letter from Cat Insurance 90 days prior to coverage expiration and will be offered the option of renewing through Cat AccessAccount. If the option is chosen, Cat Insurance handles the details.