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Resources: Rental Protection Program
Rental Protection Program (RPP is the coverage we provide to our customers in order to reduce their risk.
It limits your risk in relation to both destruction and damages of the equipment you rent from Kerrisdale Equipment.
Account customers may opt out of this program if proof of insurance is provided.
What Does It Cover?
All Risks Physical Damage Coverage on Rental Equipment includes:
• Fire
• Theft
• Vandalism
A police report or fire report will be required in any of these claims:
Accidental Damage, such as:
• Collision damage (to the rented equipment only)
• Equipment roll over
• Hail damage
• Impact damage (collision, equipment driven over)
• Failure due to fluid leakage (engine fails because rad hose breaks)
• Engine over-speeds
• Body damage
What Doesn't it Cover?
This is not liability insurance.
The customer is still responsible for liability coverage through their corporate
policy or homeowner policy. No carrier will cover
the liability for a third party.
• Liability coverage for the cash customer should be covered by
their personal/homeowner policy.
• Account customers should be covered for liability by their general
liability policy.
RPP does not cover:
• Lack of maintenance
• i.e. Running low on oil because of extended service intervals.
• i.e. Not cleaning concrete products like mixers, trowels and vibrators.
• Negligence
• i.e. Not chaining down when hauling.
• i.e.Over-spray on aerial equipment.
• Misuse
• Glass damage
• Tire damage
• Excess undercarriage wear
• Wear items such as:
• Bucket teeth, Blades, Chains, Brushes
Manufacturer warranty issues such as:
• Mechanical breakdown
• Latent defect
• Explosion
These are covered by the manufacturers' warranty, not RPP. There is no
deductible on these items.
Where Does It Apply?
Cash customers
• Mandatory for all non-account customers.
Account customers
• Account customers will take the same coverage but have the option
of waiving the coverage by providing proof of insurance coverage from
their agent.
• Proof of insurance consists of:
• Certificate of property insurance showing specific or blanket rented
equipment coverage, or
• Letter of insurance confirming coverage on specific equipment showing
Kerrisdale Equipment as loss payee.
• The proof of insurance must be faxed, photocopied, or e-mailed before
the rental contract is closed out.
• Proof of insurance must be supplied to Kerrisdale Equipment before
rental contract closes or else RPP charges will apply.
• Customers who have provided proof of insurance (discussed above) may
still elect to be covered by RPP at their discretion.
How Much Does It Cost?
The cost is only 10% of the rental charges.
• i.e. On the daily rental of a mini-excavator of $300 the RPP charge is $30.00.
• i.e. On the weekly charge of $900.00 for a boom lift the RPP rate is $90.00.
• i.e. On the monthly rental of a diesel plate for $2,500.00 the RPP rate is $250.00.
Deductible
• On a claim, the customer has a deductible of 10% of the replacement
cost of the rental unit to a maximum of $2,000.00.
• i.e. On a $500.00 chainsaw the deductible would be $50.00.
• i.e. On a $18,000.00 air compressor the deductible is $1,800.00.
• i.e. On a $35,000.00 236 skidsteer it would be $2,000.00.
• RPP does not exempt the customer from payment of damages, it limits their risk.
• The deductible applies to both damages and repairs, as well as total loss
of the unit.
• In relation to damages and repairs, the lesser of the actual repair cost or
the deductible would be charged.
• i.e. On a $500.00 chainsaw which has sustained $40.00 in damage, the
charge would be the $40.00, as the damages were less than the deductible.
• On a $35,000.00 236 skidsteer which has sustained $8,000.00 in damage,
the charge would be the deductible of $2,000.00, which is less than the
actual charges.
Who Needs It?
• It must be used when account customers cannot provide proof of
insurance coverage.
• This program is mandatory for all non-account customers (Cash).
• Account customers who don't want to have to contact their insurance
agent every time they want to add or take a piece of equipment from their policy.
Need it? Rent It! Contact us today for all of your equipment rentals.
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