Your current property insurance policy may not cover you for loss of, or damage to, the rented equipment itself while in your possession. In order to reduce your financial exposure we can include a physical damage waiver A physical waiver IS NOT to be construed as an insurance coverage, but only a waiver of certain claims relative to the physical damage of the machine. Purchasing a physical damage waiver does not excuse you from obtaining the required general liability, workers compensation and automobile liability coverage.
Rent paid in-full, plus 1 month’s rent at book rate
All accidents shall be reported to immediately Kirby-Smith Machinery, Inc. and lessee shall immediately report to the appropriate law enforcement officials and Kirby-Smith Machinery, Inc. any and all losses and damages caused by, or resulting from, theft, vandalism or malicious activity. The machine shall be kept in secure environments, keys removed, doors locked, vandalism covers installed and clustered with other machines. Failure to comply shall render the waiver null and void.
This certificate does not contain all the terms, conditions and exclusions of this waiver. This waiver is subject to endorsement, alteration, transfer, assignment and/or cancellation without notification to certificate holder. This summary confers no rights to the holder.