Rental Equipment Protection + Liability

Rental Equipment Protection + Liability

COVERAGE FOR YOUR RENTAL EQUIPMENT

Rental Equipment Protection (REP) coverage is an extension of Ziegler Rental’s coverage. It shields you from being held responsible for most causes of damage to equipment you are renting. In the event of a loss, the REP will cover the replacement or repair of the damaged equipment. Proof of Liability Insurance is required, see all customer responsibilities.

REP is All Risk, which means the damage or loss is covered unless specifically stated as excluded. Some examples of damage or loss covered by REP includes:

  • Accidental damage
  • Collision
  • Vandalism
  • Tornado
  • Hail
  • Theft
  • Fire
  • Flood
  • Overturns
  • Falling objects
  • Wind

 

BENEFITS

While REP is required for customers who do not have existing rental coverage, it is a value-added option for customers who do. Here’s why:

  • Because REP is separate from your own equipment coverage, claims will not affect your property and casualty premiums.
  • The straightforward All Risk coverage makes for hassle-free claims.
  • If equipment is damaged while rented, you are not liable to pay diminished value.
  • REP stays in effect as long as the equipment is rented.

 

PER MACHINE DEDUCTIBLE

The REP deductible is applied per machine rented. In the event of loss or damage* to your rental equipment eligible under the All Risk coverage, you pay the deductible towards repair or replacement costs and the coverage pays the rest, up to $500,000 per incident.

  • $1,000 deductible for machines valued up to $25,000
  • $2,500 deductible for machines valued over $25,000

* If equipment is damaged while on rent, contact your Ziegler Rental Coordinator immediately. Failure to report serious damage could invalidate the REP agreement.

 

RENTAL EQUIPMENT LIABILITY 

 

WHAT IS IT


$1,000,000 liability coverage for renters without sufficient liability coverage. 

This liability coverage gives the dealer an additional layer of protection in the event that damages are caused by the renter. Covered losses include: 

  • Third Party Person(s)
    • Person(s) who are injured through the operations of the rented equipment
  • Third Party Property
    • Property that incurs damages through the operation of the rented equipment. 

 

WHO IT COVERS


Coverage is valid for the (1) operator and their employees for the (2) piece(s) of equipment that they rented (3) within the rental period. 

 

HOW IT WORKS


Liability coverage will operate exactly like REP™.

  • Renters will be given the option to instantly secure liability coverage at the point of rental.
  • The billing process will operate in the same manner as REP™.

 

WANT TO LEARN MORE?

Call 866.699.5066 to take advantage of Rental Equipment Protection + Liability.

Rental Equipment Protection + Liability is offered by J.T. Bates Insurance Group.