Kerrisdale Equipment Damage Waiver
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:
Accidental Damage, such as:
- Collision damage (to the rented equipment only)
- Equipment roll over
- Hail damage
- Impact damage. e.g. Collision, equipment driven over
- Failure due to fluid leakage. e.g. Engine fails because radiator 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 own 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
e.g. Running low on oil because of extended service intervals.
e.g. Not cleaning concrete products like mixers, trowels and vibrators.
e.g. Not chaining down when hauling.
e.g. Over-spray on access equipment.
- Glass damage
- Tire damage
- Excess undercarriage wear
- Wear items such as: Bucket teeth, Blades, Chains, Brushes
Manufacturer warranty issues such as:
These are covered by the manufacturers' warranty, not RPP. There is no deductible on these items.
Where Does It Apply?
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
How much does it cost?
The cost is only 10% of the rental charges. Examples as below.
e.g. On a $500.00 chainsaw the deductible would be $50.00
e.g. On a $18,000.00 air compressor the deductible is $1,800.00
e.g. On a $35,000.00 236 skidsteer it would be $2,000.00
e.g. 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