Category: Blog Post

Two Common Misconceptions in Crane Insurance

Perhaps one of the most repeated misconceptions in regards to crane insurance is the notion that insurance companies will pay losses based on the stated values submitted by the policyholder. However, in order to comprehensively explain what I mean by that, we first have to understand the difference between “actual cash value,” or ACV, and “replacement cost value,” or RCV.

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Use Caution When Buying Used Crane Boom

We frequently receive calls asking us if we have any used crane boom for sale. Our standard response is to ask if they have retained the damaged crane boom section(s) that they are trying to replace. We do that because we want to make sure that a certified boom repair option for the damaged crane boom has been given full consideration and taken off the table before we offer our observations…

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