Guide to ShareGrid's Damage + Theft Coverage Option:
Welcome to ShareGrid! We're excited to have you here and even more excited to introduce our Damage + Theft coverage option, tailor-made to give you peace of mind when renting equipment.
Affordable coverage for listings, primarily meant for short-term protection.
Available for most listings with a replacement value of up to $30,000.
Breaking It Down:
Life’s full of unexpected moments. If your rented equipment gets damaged during your rental period, this coverage has your back.
'Damage' means any harm that affects how the gear works. But remember, minor cosmetic marks or wear and tear from regular use aren't included.
We understand the worry of renting pricey equipment. With this coverage, you're protected if your rented gear is forcibly taken while you have it. Just ensure you have solid evidence and a police report to back your claim.
All claims come with a 12% deductible based on the item’s Replacement Value.
For Instance: Renting something worth $1500? If it gets damaged and you claim, your deductible is 12% of $1500, i.e., $180. You can find each item's Replacement Value in its 'Specs' section, during checkout, on your invoice, and in your rental confirmation.
Exceptions to Keep in Mind:
ShareGrid’s ace team will thoroughly review all claims.
Day-to-day wear and tears, like scratches or dents, aren’t covered.
Lost items due to your negligence or theft from a vehicle? Those are out of the coverage's scope.
If equipment isn’t returned intentionally, it's labeled as 'Voluntary Parting'. It's not considered theft but fraud.
For a detailed understanding, do check out Section 15 of ShareGrid's Terms of Service, where we've laid out the full Damage + Theft coverage agreement and terms.
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.