Husqvarna Lease Plus insurance policy

The policy holder for the insurance would be Husqvarna Commercial Solutions (HCS) as the owner of financed assets.

Benefits of insurance

The insurance covers physical damage, or loss of insured equipment by sudden and unforeseen exogenous event such as fire, lightning, water damage, theft, vandalism, and accidents.

• The insurance replaces with repair or new equivalent equipment in the event of loss or total damage.
• Quick claim handling - claim is handled quickly and efficiently so that you can use the equipment again as soon as possible.
• Low deductible - in case of normal care, the damage is compensated with low deductible.

NOTE: The deductibles are only given in SEK and will be exchanged into local currency for each specific insurance case. Thus, and because of the decreasing value on the Swedish crown, it is best each market calculates the deductible based on the SEK.

When the insurance applies

The insurance takes effect from the date when the equipment was delivered to the lease, although never later than the time when the Policyholder assumes liability for the equipment. 

The insurance ceases to be valid when the agreement period specified in the Financing Agreement or in the event of any early termination of the finance agreement.

What the insurance covers

The insurance covers physical damage, or loss of insured equipment by sudden and unforeseen exogenous event which has the effect that the equipment's value is reduced or lost.

Grounds for compensation

Compensation is only provided if the time, place and course of events can be specified and if reasonable security measures are taken that are proportionate to the equipment's value and liability to be stolen.

In case of damage, the equipment shall be repaired. or in case of being written off, replaced.

Special exceptions

Compensation is not payable for:

• Damage consisting of or resulting from a fault in the equipment arising from internal causes or deficiencies in design, material or manufacture. 
• If it's a damage or fault within the normal factory warranty, it's covered by the normal Lease Plus contract.
• Damage or loss through fraud or other crime against property.
• Minor damage (scratches, etc.), not affecting the usability of the product or which can be eliminated through normal service or adjustment.
• Damage consisting of or as a consequence of wear, corrosion, coating, improper handling, incorrect installation or neglected maintenance means, for example, that the product's user instructions are not followed.

Special conditions for theft

• If temporary left in a motor vehicle, a boot or other locked internal compartments and the vehicle's security system must be activated.
• If left in premise or garden all accesses must be locked and secured and the equipment must be stored out of sight, theft will not be covered unless there is evidence of forced entry (the latter requirement does not apply for robotic lawnmowers).
• The equipment must not be left unattended on or in any type of public space.

Deductible

Currency figures in the table above refer to relevant country's local currency. 

The deductible is unless otherwise stated in the agreement.