Husqvarna Lease Plus insurance policy

The policy holder for the insurance is 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 the equipment with repaired or new equivalent equipment in the event of loss or total damage.
• Quick claim handling — claims are 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 a low deductible.

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

Validity of the insurance

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 has elapsed or in the event of any early termination of the Financing Agreement.

What the insurance covers

The insurance covers physical damage, or loss of insured equipment due to a sudden and unforeseen exogenous event that has the effect of reducing or negative the value of the equipment.

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.

If the equipment is damaged, the equipment shall be repaired; if the equipment is written off, the equipment shall be 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 damage or a fault is within the normal factory warranty, it is covered by the normal Lease Plus contract.
• Damage or loss through fraud or other crime against property.
• Minor damage (scratches etc.) that does not affect the usability of the product or that 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, for example, as a result of not following the product's user instructions.

Special conditions for theft

• If temporarily left in a motor vehicle, a boot or other locked internal compartments, the vehicle's security system must be activated for the claim to be valid.
• If left in premises or a 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 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.