Understanding Your Options on ShareGrid as a Renter:
When renting from equipment owners on ShareGrid, selecting a damage waiver or insurance option is essential to ensure the equipment's safety and security. Below is a simplified guide to help you understand and compare the various choices available to ShareGrid renters.
Options at a Glance:
Damage Only: Damage Waiver for damages to equipment during the rental period.
Damage + Theft: Damage Waiver for damage or theft of equipment during the rental period.
Short-Term Insurance: Serviced by our insurance partner, Athos Insurance, this coverage is suitable for short rental periods and offers comprehensive protection.
Annual Insurance: Serviced by our insurance partner, Athos Insurance. Year-long coverage. It is ideal for frequent renters or those looking for long-term rentals.
Third-Party Insurance: An external insurance option not directly provided by ShareGrid or its partners, but accepted only after completing coverage verification.
Differences Between 'Damage Only' and 'Damage and Theft' Coverage
Damage Only Coverage:
Provides coverage exclusively for physical damage to the gear.
Does not cover theft.
Available for rentals with a cumulative replacement value under $6,000.
Renters are responsible for paying full replacement costs out of pocket if the gear is lost or stolen.
Damage and Theft Coverage:
Provides protection against both physical damage and theft if the rental is stolen from the renter.
Ensures the renter is not liable for full replacement costs under covered scenarios.
Coverage Options May Vary
Please note that equipment owners can choose to disable certain coverage options, such as Damage Only. If they do, the disabled coverage will not be available as an option for the renter. Renting transactions must be conducted locally with in-person handoffs, as ShareGrid currently does not support shipping options. Damage Only and Damage + Theft coverage do not apply to equipment during shipping or through any unofficial shipping arrangements made outside the platform.
Compliance with ShareGrid Guidelines
Adherence to ShareGrid’s platform guidelines and rental conditions is vital for insurance and protection coverage. Non-compliance, such as shipping equipment or insufficient verification of renter details, can void coverage under ShareGrid’s policies.
Need Assistance?
For Short-Term or Annual Insurance questions, please contact Athos Insurance at (626) 716-9800 or service@athosinsurance.com.
If you have other questions, please don't hesitate to contact ShareGrid's support team.
We recommend reviewing each option to find the best fit for your rental needs. Your peace of mind is our priority.
FAQs
Can I always opt for Damage Only coverage? No, 'Damage Only' coverage is only available for gear with a cumulative replacement value under $6,000 and is subject to the equipment owner's discretion.
What happens if I choose Damage Only and the gear is stolen? 'Damage Only' coverage does not include protection against theft. You are responsible for paying the full replacement value of the equipment in such cases.
How can I switch from Damage + Theft coverage to another type of policy? You'll need to cancel the current rental and rebook it with the desired policy.
Will I get a refund if I change my coverage type? Refunds are issued upon successful rebooking of the rental with a new policy.
Who is charged for coverage? Coverage costs are reflected in the renter's invoice, not the owner's.
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Need Help?
If you have any questions or need assistance, please don't hesitate to contact ShareGrid's support team.
Disclaimer: ShareGrid is not an insurance provider, broker, or agent. ShareGrid is not licensed as an insurance provider, broker, or agent in any state or country. Damage Only and Damage + Theft coverage options are not insurance policies. All rentals require some type of coverage. Other coverage options include Short Term, Annual, and Third-Party Insurance. Eligibility for coverage under Damage Only and Damage + Theft coverage options is subject to the renter’s compliance with all of the terms and obligations in ShareGrid's Terms of Service.
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.