---
title: Insurance
slug: equipmenttrack/insurance
docTags: 
createdAt: 2024-03-01T16:18:18.110Z
---

ELTON allows you to keep track of insurance policies and associated equipment in a single location and view the total value of equipment covered under each policy. Moreover, as you add equipment to an insurance policy, Unaric Equipment Track automatically updates the **Total Equipment Cost** field, providing a quick and convenient way to visualize the total value of equipment covered by a specific insurance policy.

## Insurance setup

1. Go to the **Insurance** tab, click the down arrow, and choose **+ New Insurance**.
2. A *New Insurance* window will pop up asking you to provide insurance information.

| **Field Name**                | **Description**                                                                                                                                           |
| ----------------------------- | --------------------------------------------------------------------------------------------------------------------------------------------------------- |
| **Insurance Name (Required)** | Name of the insurance policy.                                                                                                                             |
| **Policy**                    | Policy number or identifier.                                                                                                                              |
| **Expiry Date**               | Date when the insurance policy expires.                                                                                                                   |
| **Provider**                  | Name of the insurance provider or company.                                                                                                                |
| **Policy Value**              | Value or coverage amount of the insurance policy.                                                                                                         |
| **Annual Premium**            | Yearly premium amount for the insurance policy.                                                                                                           |
| **Total Equipment Cost**      | Total cost of the insured equipment or items. This field calculates the sum of the **Equipment Cost** field for all equipment associated with the policy. |

     3\. Click the **Save** button to finish.

## Assign insurance to equipment

Once you have created an insurance policy, you can link specific equipment records. This association allows you to track which equipment is covered under each policy.

1. Go to the **Equipment** tab and select the equipment you want to add insurance.
2. On **Details**, search for the **Insurance** field and click on the pencil icon next to it to edit it.
3. Type in the insurance and click the **Save** button to finish.

![](https://api.archbee.com/api/optimize/10Nod6Ww95R3dPr0k0TCJ/MtMwr3w4c9kOtI7879bR9_insurance.gif)