- Offers protection for Automated Teller Machines (ATM) and coin sorters.
- Standalone liability coverage available
- All-Risk policy with:
- Replacement Cost coverage for the machine.
- Broad Form Money and Security for the cash in the machine.
- Liability coverage including Tenant's Fire Legal Liability.
- ATMs are written on a standalone basis - no other business is required.
- PAL can insure anywhere from one machine to large schedules of multiple machines.
- Machine - up to $100,000.00 per machine.
- Cash in the machine - up to $100,000.00 per machine.
- Cash Off-Premises up to $100,000.00 (available at an additional cost)
- Liability coverage up to $5,000,000.00.
- Your client may choose all 3 coverages: Machine, Cash and Liability, or a combination thereof.
- *Note that we do not offer Liability coverage alone*
- Coverage is based on individual machines, not on a blanket basis.
- Deductibles start as low as $500.00.
Key Underwriting Criteria
- Machine has to be in a building.
- If the machine is street-facing, please call first for underwriter approval.
- Machine must be bolted to the floor or counter.
- Machine has to be away from any doors or windows that are not alarmed or barred.
- Premises has to be alarmed (machine must be in the alarmed area of the building); or have 24-hour security; or open 24 hours/day; or insured residing on premises.
- If machine is filled while the premise is open, 2 authorized individuals must be present at the machine.
- PAL does not cover operations of the ATM business for installation, storage or maintenance.
