Don't leave the dealership without protecting your equipment. Sentry UltraGuard Physical Damage Coverage is a no-hassle program available to customers who finance their new, used, or leased equipment with John Deere Financial. Payments are built right into your financial plan, so there are no extra bills to worry about.
With physical damage insurance, your equipment is protected from fire, collision, damage while in transit, vandalism, hail, earthquakes, theft, flood, tornados, foreign object ingestion, wind, upsets and overturns, lightning, and more.
Equipment Insurance Policy
UltraGard Physical Damage Coverage Overview
INSURING AGREEMENT & POLICY TERMS
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All risks of direct physical loss, except those specifically excluded, for covered property. |
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| COVERAGE |
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Collision
Earthquake
Fire
Flood
Hail |
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Lightning
Rock Ingestion
Theft
Tornado
Upset or Overturn |
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Vandalism
While in-transit
Wind |
| COVERED PROPERTY |
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Machinery, equipment, attachments, trailers designed to transport machinery or equipment:
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- Sold or leased under a
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Loan Contract /Retail Installment Contract / Equipment Lease |
- Consumer Products sold to rental businesses on a loan contract Security Agreement
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(Repair and overhaul contracts are not eligible for UltraGard physical damage coverage.) |
| EXCLUSIONS |
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Government Action |
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Unexplained Disappearance |
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Nuclear Hazard |
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Wrongful Conversion by insured |
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War and Military Action |
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False Pretense |
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Delay, Loss of Market |
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Unauthorized Transfer |
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Faulty material, or faulty workmanship, inadequate design |
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Wear and tear, hidden latent defect, gradual deterioration, depreciation, mechanical breakdown, corrosion, dampness, cold or heat |
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| DEDUCTIBLES |
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The deductible is based on the use at the time of loss: |
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Agricultural and Consumer use |
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$500 |
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Effective 01 July 2005, all cotton strippers financed on a John Deere Financial (JDF) retail note or lease, which include UltraGard Physical Damage Insurance, will have a $500 deductible (reduced from $5,000 deductible). This change applies to JDF contracts with an effective date of 01 July 2005 or later.
Effective 01 July 2003, the deductible on cotton pickers will be $5,000 for any loss, except by fire. For loss caused by fire, the deductible is the greater of $5,000 or 3% of the original selling price (prior to any trade-ins or other allowances.) |
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Commercial and Construction/Industrial use |
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$1,000 |
| VALUATION |
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Actual Cash Value |
Last Modified: June 28, 2017
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