Nice American launches new tools insurance coverage product

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Great American launches new equipment insurance product

The group said that Tools Professional expands on its core contractor’s tools coverage by together with broader protection for property, customizable limits, and adjustable deductibles to swimsuit various ranges of publicity. Primary protections cowl dangers corresponding to fireplace, water harm, theft, earth motion, and wind-related perils. Moreover, the product employs a brand new ranking system that rewards policyholders with premium credit based mostly on their enterprise tenure and optimistic claims historical past.