Who knows if the excavator was brand new or not but it makes the heading sound better.
This is a good visual lesson of the importance of Inland Marine insurance if you’re a contractor with expensive equipment like this:
Inland marine insurance coverage is intended for property that may be moving from location to location, property off premises at new locations, temporary locations, or work locations, and/or subject to “unique” causes of loss that traditional property policies do not cover.
Contractors equipment, like this excavator, is one of the majors areas covered by Inland Marine Insurance.
New or old, this excavator needs to be replaced now. And there’s no time for lagging. The job needs to get done. This is why you should but Inland Marine insurance if you’re a contractor with expensive equipment that you cannot afford to lose.