Product Q&A: ATM Insurance

ATM Insurance

We interviewed our Founding Director, Alex Thornton, about our ATM insurance.

​We asked him what the cover consists of, what to consider when placing ATM insurance and what Quantum can provide. Read it here...

What does ATM insurance cover?

ATM Insurance covers the ATM machines themselves against physical damage and theft. The policy can also cover the cash kept in the internal safes from theft following a break in to the machine, or theft of the whole ATM itself. We also cover loss or destruction of money from fire, explosion, heat, smoke etc. 

Finally, a limited amount of cover is available for loss or money from ‘ATM hacking’.  We can cover fixed ATM’s, ATM’s that are transportable (usually with a heavy fixed plinth) that are delivered to temporary sites such as concerts, and finally we can cover trailer mounted ATM’s that are used at smaller events and markets.

We can also cover limited cash-in-transit operations where the ATM owner is cashing their own ATMs with cash to and from bank. Cash can also be covered in safe at the owner’s premises.  For trailer mounted ATM’s we can cover the ATM’s and the trailers from physical damage whilst being towed to and from the event – e.g. traffic accident or hold-up / robbery.
 
What are five key considerations when placing ATM insurance?

1. How many ATM’s does the insured own and how many are leased?
2. Who is responsible for insuring leased ATM’s?
3. Who owns the cash in the ATM’s and who is responsible for insuring it?
4. What is the security at all sites and whilst in transit?
5. What are the cash-in-transit requirements

 
What can Quantum provide?

• The best cover at a competitive price
• Local service and claims handling.
• Expert guidance and support for brokers

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​For more information about our Jewellers Block policy:

• Contact one of our specialist underwriters today
• View or download our Cash-in-Transit and ATM Insurance Brochure
• View or download our ​ATM Insurance Proposal Form ​