Our Damage + Theft coverage is designed to provide peace of mind when renting equipment, offering protection against unexpected damages and theft during the rental period. Here's what you need to know about this coverage option:
Coverage Highlights:
Eligibility: This coverage is available for most listings with a replacement value of up to $30,000. Account Damage Waiver limits vary. For more information, please refer to the coverage limit support article.
Affordability: Designed as an economical option for short-term rentals.
What’s Covered:
Damage: Covers functional impairments due to damage incurred during the rental period. Please note that minor cosmetic damage and regular wear and tear are not covered.
Theft: Protects against the forced theft of equipment while in your possession, provided there is substantial evidence and a police report to support the claim.
Deductibles:
There is a 12% deductible on the replacement value listed.
For example, if you rent equipment worth $1,500 and it gets damaged, your deductible would be $180.
Replacement values are detailed in the 'Specs' section of each listing, visible during checkout, on your rental invoice, and in your rental confirmation.
Exceptions and Exclusions:
Claims are subject to a thorough review by ShareGrid’s claims team.
Exclusions include everyday wear and tear, such as scratches and dents.
Loss due to negligence, theft from an unlocked vehicle, or non-return of equipment (voluntary parting) are not covered.
Further Details:
For a comprehensive understanding of what is and isn’t covered, including all exclusions and claim procedures, please refer to Section 15 of ShareGrid’s Terms of Service.
This Damage + Theft coverage ensures that renters and equipment owners can engage in transactions with increased confidence and security. Please contact our support team if you have any questions or need further clarification.
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. The Damage + Theft coverage option is not an insurance policy. All rentals require some type of coverage, and purchasing the Damage + Theft coverage option is just one option. Other coverage options are available, including Short Term Insurance, Annual Insurance, and 3rd Party Insurance. Eligibility for coverage under the Damage + Theft coverage option is subject to your compliance with all of the terms and obligations in ShareGrid's Terms of Service.