Property that is capable of moving under its own power presents a coverage problem, particularly when the property is capable of transporting persons or other property. Such property may either be a vehicle or a class called mobile equipment. Mobile equipment typically refers to equipment or machinery that is primarily designed for off-road use. The definition still applies when this type of property must cross a public road, or occasionally travel on public roads in order to get to a job site.
Mobile equipment also refers to:
This list is neither all inclusive or without exceptions. Property status as mobile equipment affects when and how such property is insured.
To find out more about the differences in coverage between property and mobile equipment, talk to your Bilz Representative.