Renting out your gear on ShareGrid is a great way to earn income, and while you are not required to have an insurance policy to list your equipment, understanding your coverage options is crucial.
Owner Insurance Requirements:
No Mandatory Owner Insurance: Owners are not required to carry insurance to list their gear on ShareGrid. The responsibility to cover the gear lies with the renters.
Available Coverage Options for Owners:
Voluntary Insurance Plans: Owners can protect their equipment by purchasing Short-Term or Annual Insurance plans. These plans cover gear rented on and off ShareGrid, ensuring protection even when your equipment is not in use.
Voluntary Parting Coverage: For higher-value items or particular circumstances, owners can add voluntary parting coverage to an annual insurance policy. This is especially beneficial for gear with a replacement value over $20,000 or items not covered by ShareGrid’s Owner Guarantee.
Partnering with Athos Insurance:
We partner with Athos Insurance to offer these insurance options. If you have any questions or want to buy a policy, contact Athos at (626) 716-9800 or service@athosinsurance.com.
Summary:
While insurance for owners is not mandatory on ShareGrid, opting for additional coverage can safeguard your investment and provide peace of mind. Please review the options available to you and choose what works best for you.
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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.