Robust Rentals LLC
Rental Protection Plan (RPP)
Rental Protection Plan (RPP) is not insurance, but a damage waiver that is a safeguard that shields Customers from potential financial liabilities associated with the use of rented equipment. The RPP offers benefits such as coverage for equipment damage, theft, and liability. The RPP is a contractual modification addition to the rental agreement.
Equipment Damage – Protection against accidental damage to the rented item. Rental equipment damage refers to any harm or destruction to the equipment that is being rented. It involves damage to the physical structure and or components of the rented equipment during the rental period.
Theft Protection – Coverage in the case the rented item is stolen. In the event of theft during the rental period theft protection helps mitigate the financial loss incurred by the Customer. Each rental item is tracked by GPS. No additional equipment rental charges which would otherwise accrue during the period when the equipment is being recovered, repaired, or replaced.
Coverage –This RPP steps in to cover expenses related to third party equipment damage claims that may arise during the rental period. By offering this protection, RPP provides peace of mind to Customers, ensuring they are not personally responsible for unforeseen accidents and damage caused by or to the rented equipment. RPP covers the difference in expenses between the deductible and an RPP maximum of $3500. Additional equipment damage will be Customers responsibility. No additional equipment rental charges which would otherwise accrue during the period when damaged or destroyed equipment is being repaired or replaced. It is essential for renters to thoroughly review and understand the specific terms and conditions outlined in the rental agreement to grasp the extent of their RPP coverage. Customer assumes the Exclusions risks and none of the Exclusions can apply.
Fees – A 15% damage waiver fee is a charge associated with an RPP that provides coverage and protection for the rented equipment. This fee, calculated as 15% of the gross rental cost, goes toward securing a damage protection plan. RPP will automatically be attached to the rental agreement unless Customers insurance is provided and meets minimum qualifications. By paying this fee, Customers gain a level of financial security and peace of mind, knowing that they have a specified level of coverage for unforeseen circumstances during the rental period.
Deductibles – 10% of the fair market value of new (FMV) or $1000 deductible whichever is lesser. In the event of a covered loss or damage to the rented equipment, the Customer is responsible for the initial 10% FMV or $1000 deductible to cover repairs or replacement costs. The deductible is the amount the Customer must pay out of pocket before any RPP assistance takes effect. The RPP covers the expense gap of 10% FMV or $1001 equipment damage to $3500 maximum equipment damage with any additional damage up and above is covered 100% by Customer up to full new replacement costs.
Loss of Use – No reimbursement for financial losses incurred to the inability to use the rented item.
Exclusions – Rental equipment exclusions are specific conditions or circumstances outlined in the rental agreement where coverage or protection does not apply. These exclusions define situations in which the Customer may be solely responsible for any associated costs including up to the full new replacement costs of new fair market value. Common exclusions include intentional misuse, unauthorized modifications, or use of the equipment in prohibited environment. Understanding these exclusions is crucial for renters as it helps clarify the limitations of coverage, ensuring they are aware of situations where they might be financially liable for damages or losses to the rented equipment. It is advisable to carefully review and comprehend the terms and conditions to be informed about any specified exclusion.