Coverages

Deciding on the right insurance to protect your inventory is a complicated decision. Below are some coverage highlights about the Inventory Insurance Plan. If you have any additional questions, please contact Inventory Insurance Plan or call toll-free at 1-800-291-6984.

Coverage

• Inventory Insurance Plan is administered by Lockton Risk Services. Lockton Risk Services is affiliated with Lockton Companies, LLC, the world's largest privately held insurance broker.
• Deductibles are simplified. For most types of losses, there is only one deductible per occurrence. The deductible applies per occurrence, not per unit, (except for hail losses). Please refer to your Declarations and Policy for details.
• Coverage is provided to the full value of inventory financed by GE Capital, Commercial Distribution Finance (CDF), per location

Convenient

• Premium based on the average daily outstanding balances reported by CDF at the end of each month. No need to worry about having to maintain a limit too high to cover fluctuating values.
• Premium for coverage will be billed each month on your monthly billing statement.

Peace of Mind

• Losses are paid on the original invoice amount, so your equity is covered, even though you pay a premium only on the outstanding balance.
• 24- hour claim reporting number handled by adjusters experienced in handling inventory program claims.
• Claims are settled, subject to policy conditions and exclusions, within 14 days after receipt of all necessary claim documentation.