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.
Support and Assistance:
Our support team is always ready to help you with any questions or help regarding listing and insuring your equipment. Feel free to reach out for guidance to make your renting experience as smooth as possible.
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. Happy renting!