Professional Documents
Culture Documents
The Heritage Rail policy wording has been carefully designed to deliver superior cover for your assets. As well as providing standard cover for your property, business interruption and liabilities, you will also enjoy many additional benets of cover for risks unique to the industry, which can include: All Risks cover total UK-wide protection for all types of rolling stock from steam and diesel locomotives to modern electric power cars and multiple units. Cover automatically includes re-railing and recovery costs, explosion or collapse of locomotive boilers and third party steaming fees. Property in the Open cover available for items that are unable to be located in locked buildings (subject to conditions). Loaned or Hired Locomotives -automatic cover up to 3m for locomotives on temporary loan or hire agreement for up to 110 days with higher limits available when required. Liability - specialised Employers and Public Liability protection, including voluntary workers. Contingent Public Liability - for heritage steam and diesel locomotives or coaching stock running on the mainline. Limits available of up to 155m for mainline operators and other limits available for non-mainline railways operating above 25mph. Loss of Revenue a wide variety of cover that will cater for the different sources of revenue the railway generates. Infrastructure - includes physical property cover for stations, platforms, bridges, tunnels, signalling and track. Supplementary covers extra covers include the provision of Professional Indemnity, specialist engineering inspection, Directors and Ofcers Liabilities, Trustees Liabilities and Motor Fleet all from insurers who are used to and comfortable with heritage railway exposures. Long term options the option of 2 or 3 year agreements with insurers at guaranteed rates, and renewal bonuses for well managed low claim risks.
Claims
The heritage rail industry by its very nature produces claim situations that do not occur in general business sectors. In particular applying value to vintage items that may be awaiting restoration or restoration that is partially complete. Our own claims handlers and our insurers claims teams understand the true value of your losses. Youll receive friendly and efcient service from our in-house claims handlers. The choice of specic adjusters that fully understand this aspect has been a major factor in achieving full client satisfaction when the unexpected has occurred.
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Oval Insurance Broking Limited Registered Ofce: 9 South Parade, Wakeeld, WF1 1LR Registered in England No: 01195184 Authorised and regulated by the Financial Conduct Authority.
www.theovalgroup.com