Machine and attachments
Damage to the machine plus buckets, hammers and quick hitches, generally scheduled by value.
Sany Equipment Insurance
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Sany Equipment Insurance
Cover for Sany excavators, cranes, telehandlers and concrete pumps.
Sany has moved from a fringe import to a common sight on Australian sites, particularly in excavators and truck-mounted concrete pumps. The insurance question that comes up most is valuation, because newer entrants have a shorter local resale history and agreed value and market value can settle quite differently. Dealer coverage is also thinner outside the capital cities, which affects repair time.
What is it?
Sany is a Chinese manufacturer with a broad Australian range: hydraulic excavators from mini classes upward, truck-mounted and stationary concrete pumps, mobile and crawler cranes, telehandlers, rollers and wheel loaders. Machines are commonly bought new at a lower entry price than the Japanese and European majors, and they appear frequently in hire fleets and owner-operator civil businesses.
What does sany equipment insurance cover?
Concrete pump boom
Boom, outrigger and pipeline damage on truck-mounted pumps, which is usually rated separately from the truck.
Downtime and hire-in
Cover toward the cost of a replacement machine while yours is repaired, subject to the policy terms.
What affects the cost?
- Machine value and purchase price basis
- Agreed value versus market value
- Parts availability in your region
- Civil, hire or owner-operator use
- Machine age and hours
Worth raising on the call
- Settle the valuation basis at the start, because local resale evidence for newer brands can be thin.
- Concrete pump booms carry their own exposures and should be discussed separately from the truck.
- Parts lead times outside capital cities make downtime cover more relevant than it is on the majors.
Claims we are commonly asked about
Boom whips on a blocked line
A blockage in the delivery line on a truck-mounted pump releases suddenly and the boom whips, damaging boom sections and spraying concrete over vehicles below. Damage to the pump, the truck under it and the third-party property below usually sit in three different places in the policy.
Outrigger collapses a kerb
A pump truck sets up on a residential kerb for a slab pour and the outrigger pad collapses the footpath and the stormwater lintel beneath it. Council infrastructure damage is generally a liability matter and councils are usually thorough about pursuing reinstatement costs.
Total loss with thin resale evidence
A two year old excavator is written off and the settlement argument becomes what it is actually worth, because there are few comparable local sales to point to. Settling the valuation basis at inception rather than at claim time is usually the way to avoid this.
Worth confirming in the wording
- Worth confirming whether the settlement basis is agreed value or market value, and how the insurer intends to evidence value on a machine with a shorter local resale history.
- Worth confirming whether concrete pump pipelines, hoses and delivery lines are scheduled, and whether wear or blockage damage to them is treated as insured damage.
- Worth confirming whether the cost of freighting imported parts, and the extra time that adds, is allowed for within the downtime and extra cost sub-limits.
Common questions
Is Sany equipment harder to insure than Caterpillar or Komatsu?
Underwriters generally look at value, parts availability, repair time and resale evidence rather than at the badge. Newer entrants can attract more questions about valuation and parts lead times, particularly outside capital cities, and that can influence the downtime discussion. It is workable, but the valuation basis is worth settling carefully at the start.
Does truck registration cover my truck-mounted concrete pump?
Registration and compulsory third party generally relate to the vehicle and road use, not to the pump body, boom and pipeline mounted on it. Those components are commonly insured separately and rated on their own exposures, including boom damage and pumping liability. It is worth confirming which policy covers which half of the unit.
Should I insure a new Sany machine on agreed value?
It is worth pricing both ways. Agreed value fixes the settlement figure up front and removes the argument about local comparable sales at claim time, which some owners of newer brands prefer. Market value can be cheaper but leaves the valuation to be determined after a loss. A broker can show how each would settle on your machine.
What does Sany plant insurance cost?
It depends on the machine and how it is used. The main drivers are machine value and the basis it is insured on, parts availability in your region, whether the work is civil, hire or owner-operator, machine age and hours, and claims history. Concrete pumps are usually assessed separately from excavators and loaders.
General information only. Cover, limits and exclusions depend on the PDS, TMD, eligibility, underwriting and the policy terms. See mobile plant machinery insurance for the wider picture.
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