ShareGrid allows renters to use third-party rental insurance, but the policy must meet specific requirements to ensure proper protection for both renters and equipment owners.
This guide outlines our requirements, approved policies, and the process to verify your third-party insurance on ShareGrid.
Insurance Requirements
To be accepted on ShareGrid, your third-party insurance must:
Policies must not set an aggregate or per-item limit.
Include “Rented Equipment from Others” coverage: It must cover off-premises rented gear.
Ensure the policy is of the correct type: Homeowners, renters, and general liability policies are not accepted.
Tip: If you’re unsure whether your policy meets these requirements, contact your insurance provider.
Unsupported Insurance Example
Next Insurance:
Policies from Next Insurance do not cover rented equipment. Customers needing coverage for equipment that is rented, leased, borrowed, or owned should look into other options, as these are not included in Next Insurance's policies.
Full Frame Insurance:
Full Frame Insurance has aggregate or per-item limits and does not meet the criteria we require for our services.
Hiscox Policy Holders
If you have a Hiscox policy, when submitting a COI to an owner, ensure your agent specifically states their coverage limit for rented equipment in the remarks section of the COI.
How to Verify Your Third-Party Insurance
Log in to ShareGrid and upload your insurance policy.
Provide the email address of your insurance agent or provider during upload.
ShareGrid will contact them to verify:
Verification Time: Usually within 1–2 business days, sometimes faster.
You’ll receive a confirmation email once approved.
Key Reminders
Make sure your policy meets all requirements before renting.
Plan ahead: Allow time for verification before booking.
Avoid policies with per-item limits.
Ensure it includes coverage for rented equipment from others.
Verify the policy in advance via your ShareGrid account.
Related Articles:
Need Help?
If you have any questions or need assistance, please don't hesitate to contact ShareGrid's support team.
DISCLOSURE: This communication is on behalf of ShareGrid Platforms, LLC or its affiliates (“ShareGrid”). This communication is for informational purposes only and contains general information only. ShareGrid is not rendering legal, financial, accounting, business, tax, or other professional advice or services by means of this communication. This communication is not a substitute for such professional advice or services, nor should it be used as a basis for any decision or action that may affect your interests. You should consult a qualified professional advisor. ShareGrid does not assume any liability for reliance on the information provided herein.