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Rental Equipment Protection Damage Waiver

 

ALL RISK COVERAGE WITH YOU IN MIND

Under REP the rental organization or dealer will not hold you responsible for most causes of damage while the equipment is out on rent. In the event of a loss, REP will cover the replacement or repair of the damaged equipment. The charge for REP is 14% of the rental rate.

Rental Protection Damage Waiver (PDF)

 

COMMON COVERED LOSSES

INCLUDING BUT NOT LIMITED TO:

• ACCIDENTAL DAMAGE

• COLLISIONS

• EARTHQUAKE

• FALLING OBJECTS

• FIRE

• FLOOD

• HAIL

 

REP ADVANTAGES

• Claims will not affect other insurance premiums.

• No waiting for coverage through insurance company.

• Hassle free claims in the event of a loss.

• INGESTION

• OVERTURNS

• THEFT

• TORNADO

• VANDALISM

• WIND

• OTHER NON-EXCLUDED PERILS

 

DEDUCTIBLE

Under REP, the deductible for damage to rented equipment is $1,000 for equipment valued under $25,000, and $2,500 for equipment valued more than $25,000.

EXCLUSIONS

• Civil authority

• Contamination or deterioration

• Criminal, fraudulent, dishonest or illegal acts

• Loss of use

• Mechanical breakdown

• Nuclear hazard

• In transit damages

• Pollutants

• Temperature/humidity

• Voluntary parting with title

• War and military action

• Wear and tear

• Weight of load

• Missing property

 

Notice to Authorities

All accidents shall be reported immediately to Kirby-Smith Machinery, Inc. and lessee shall immediately report to the appropriate law enforcement officials and Kirby-Smith Machinery, Inc. any and all losses and damages caused by, or resulting from, theft, vandalism or malicious activity. The machine shall be kept in secure environments, keys removed, doors locked, vandalism covers installed and clustered with other machines. Failure to comply shall render the waiver null and void.

 

Disclaimer

This certificate does not contain all the terms, conditions and exclusions of this waiver. This waiver is subject to endorsement, alteration, transfer, assignment and/or cancellation without notification to certificate holder. This summary confers no rights to the holder.