Do I have to provide an inventory list for the items I want covered?
No, Pro-TEC provides blanket coverage for unscheduled tools and equipment.
What do I need to do to verify I owned the tools and equipment if I have a claim?
Pro-TEC would like you to do your best to keep an on-hand inventory of all the tools and equipment you’ve obtained or acquired over the years. Any records, including receipts, pictures, video or a diskette would prove very beneficial in matters dealing with your claims settlement in the event of a covered loss.
Where is coverage available?
Pro-TEC provides coverage for the entire USA.
Do you have a brochure that you can send me on the program?
Yes, Pro-TEC can send or e-mail you a combination application & marketing piece for your review.
Can I get a copy of a sample policy prior to buying Pro-Tec?
Yes, Pro-TEC can send or e-mail you a complete sample packet of coverage forms that is issued with the policy summary of coverage.
Does a loss have to occur at my place of employment?
No, Pro-TEC covers losses in transit and off the premises where you work as well. That’s why it is called a Tool & Equipment “FLOATER”.
Does the policy provide replacement cost coverage?
Yes, the Pro-TEC policy contains a replacement cost provision for tools and equipment that are newer than 10 years old. Otherwise, claims will be settled on an Actual Cash Value basis.
Does the policy provide coverage for mechanical breakdown or wear and tear?
No, the Pro-TEC policy excludes coverage for those types of losses, which are usually covered under a warranty agreement.
Does the policy cover mysterious disappearance?
No, there needs to be some evidence of theft in the form of a break-in where the police are involved.
What will the annual premium be on renewal since I paid the $500.00 premium this year?
Pro-TEC will keep the renewal percentage rate the same until further notice.
Can I get higher or lower limits than the $50,000 that the program offers?
Yes, Pro-TEC can tailor coverage to the limits you need, based upon approval from the program administrator.
How do I pay for the policy?
You can complete the easy application online and pay the $500.00 annual premium via PayPal.
You can print out an application from the website, complete it and mail it along with your check made out to Pro-TEC Insurance and mail it to:
218 Maple Ave
Cheshire, CT 06410
You can also complete your application over the phone and pay with a credit card at that time.
When will coverage become effective and when will I get my policy?
It will become effective the date we receive your application and notification from PayPal. Your policy will be issued within 72 hours.
What insurance company underwrites the policy?
Great American Insurance Company, which is rated as “Excellent” by AMBest.