The client is responsible for the condition and safekeeping of the rental equipment and may be liable for any equipment which is lost, stolen or damaged during the rental period. Damage Waiver is provided to reduce a client’s financial liability during their rental of Quipsmart’s equipment.
Financial liability refers to loss or damage related charges which could equal up to the new replacement value of the rental equipment, salvage costs & rental charges incurred during repair/replacement if the equipment is lost, stolen or damaged.
Unless you are advised otherwise in writing by Quipsmart, damage waiver is compulsory when establishing an account with Quipsmart and automatically applied to all rentals.
What does Damage Waiver cover?
Loss or damage to rental equipment caused by collision, fire, storm, accident, earthquake or theft.
Damage Waiver Cover is not insurance or a substitute for insurance. It is a non-refundable fee of 12.5% of the rental charges for the equipment and billed on the rental invoice in addition to your rental charges. The Damage Waiver has an excess of $500 or 35% of the repair or replacement cost, whichever is the greater.