by SouthernRailway
Is insurance available to cover diminution in value of locomotives, rolling stock and equipment?
Say I buy an old railcar or locomotive that's not rebuilt. Say parts become unavailable and the railcar or locomotive can no longer be operated. Then it's basically junk.
Is there a type of insurance that could protect against that risk? Would rail insurers offer custom policies to protect against that?
Thanks.
Say I buy an old railcar or locomotive that's not rebuilt. Say parts become unavailable and the railcar or locomotive can no longer be operated. Then it's basically junk.
Is there a type of insurance that could protect against that risk? Would rail insurers offer custom policies to protect against that?
Thanks.