Step 1: Complete Application

A completed Equipment Coverage Data Form must be submitted for each well/pipeline you wish to insure.

Please complete all fields in the application thoroughly to speed up the process.

Note: If you are a new agent, please complete the Agent Producer Agreement Forms under Resources.

Step 2: Accept Quote

Within one to three business days after submitting your application, you will receive an email with one of the following responses:

• Accepted – application has been accepted, and a quote for coverage of listed equipment will be attached.
• Incomplete – application is incomplete, and additional information is required before a quote can be generated.
• Declined – application contains details that are considered a high risk, according to our underwriting guidelines.

If you wish to accept the quote, please email Transpac indicating your acceptance of the terms and conditions stated within the quote.

Step 3: Receive Coverage Confirmation

When coverage is bound, you will receive an email that includes your confirmation of coverage and deposit premium invoice.

Key Features: All losses are subject to a 10% deductible, which is applied to the amount of the loss.

Please Read: Coverage Key Features

• Coverage must be quoted and bound by Transpac Managers before coverage is in effect.
• Coverage includes directional drilling tools while downhole, for loss or damage while below the rotary in bound wells.
• Coverage includes replacement cost with no depreciation.
• Coverage does not include fishing costs, but does include damage done as a result of fishing, with a 50% deductible subject to a $50,000 minimum.
• Wells should be declared 24 hours in advance of tools going below the rotary.