How does Damage Only coverage work?

ShareGrid’s Damage Only coverage option offers an affordable way to cover a specific Listing against damage for a short period of time. It's available for most Listings up to $6,000 in replacement value.

Here are the details.

Damage

We know that accidents happen. The Damage Only coverage option applies to damage that occurs during your rental.

'Damage' is anything that impairs the functionality of the gear. It does not include cosmetic blemishes or scratches, or regular wear and tear.

Deductible

All claims under the Damage Only coverage option are subject to a deductible of 12% of the Replacement Value of the listing. You can view the Replacement Value of every listing in the 'Specs' section on the Listing page, in the cart when you're requesting your rental, in the rental invoice, and in the rental confirmation and messaging thread.

Example: You rent a listing with a Replacement Value value of $1500 using the Damage Only coverage option. If damage occurs during the rental and you make a claim, your deductible will be 12% of $1500, which is $180.

Exclusions

All claims are subject to review by the ShareGrid Claims Team. Please read the full Damage Only coverage option agreement and terms, including the coverage exclusions, in Section 15 of ShareGrid's Terms of Service.

The Damage Only coverage option does not cover normal wear and tear (including scratches, scuffs, dents, or other less significant damage), or any damage or loss that results from the negligence of the renter.

Please read the full Damage Only coverage option terms in Section 15 of ShareGrid's Terms of Service.

Disclaimer: ShareGrid is not an insurance provider, broker, or agent. ShareGrid is not licensed in any state or country to be an insurance provider, broker, or agent. The Damage Only coverage option is not an insurance policy. All rentals require some type of coverage, and the purchase of the Damage Only coverage option is just one coverage option. Other coverage options are available, including Short Term Insurance, Annual Insurance, and 3rd Party Insurance. Eligibility for coverage under the Damage Only coverage option is subject to your compliance with all of the terms and obligations in ShareGrid's Terms of Service.