Rental Equipment Protection

Rental Equipment Protection (REP^™) coverage is a straightforward, hassle-free way to protect you in the event that rented equipment is accidentally damaged or lost during the rental period. This physical damage coverage shields you from being held responsible for most causes of damage to equipment you are renting. Please read below for additional details.

COMMON COVERED LOSSES INCLUDING, BUT NOT LIMITED TO:

Accidental Damage
Collision
Earthquake
Falling Objects
Fire
Flood
Hail
Other Non-Excluded Perils
Overturns
Theft
Tornado
Vandalism
Wind

RENTAL EQUIPMENT PROTECTION *EXCLUSIONS:

Civil authority: seizure, confiscation, destruction, or quarantine of property
Contamination or deterioration: corrosion, decay, fungus, mildew, mold, rust, etc.
Criminal, fraudulent, dishonest, or illegal acts: use and damage while committing a crime
Loss of use: delay or loss of market
Manufacturers’ specifications: use of machines outside of manufacturers’ specifications (i.e., overloading, improper fluids, etc.)
Mechanical breakdown: mechanical structure, electrical breakdown or malfunction
Missing property: unexplained or mysterious disappearance (i.e., shortage of property discovered on taking inventory)
Nuclear hazard: nuclear reaction, radiation, or radioactive contamination
Pollutants: release, discharge, seepage, migration, dispersal, or escape of pollutants
Temperature or humidity: dryness, dampness, humidity, or changes in or extremes of temperatures
Transit: machines are not covered during transit
Voluntary parting with title
War and military action: war, warlike action by a military force, insurrection, revolution
Weight of load: equipment overloading
Wear and tear

*Any and all other excluded perils

BENEFITS

While REP^™ is required for customers who do not have existing rental coverage, it is a value-added option for customers who do. Here’s why:

REP^™ is separate from your own equipment coverage. Claims will not affect your property and casualty premiums.
The straightforward All Risk coverage makes for hassle-free claims.
If equipment is damaged while rented, you are not liable to pay diminished value.
REP^™ stays in effect as long as the equipment is rented.

PER MACHINE DEDUCTIBLE

The REP^™ deductible is applied per machine rented. In the event of loss or damage** to your rental equipment eligible under the All Risk coverage, you pay the deductible towards repair or replacement costs

$1,000 deductible for machines valued up to $25,000
$2,500 deductible for machines valued over $25,000

**If equipment is damaged while on rent, contact your Fabick Rents Coordinator immediately. Failure to report serious damage could invalidate the REP^™ agreement.

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Commitments

COMMON COVERED LOSSES INCLUDING, BUT NOT LIMITED TO: