Insurance

Question: Rental insurance that covers construction equipment?

(Posted by: ted.wilson1 on 2009-03-15 15:36:59)

I have equipment that id like to rent to others. so i need insurance that will cover others that use my equipment.

Posted by: Tom Z on 2009-03-15, 15:49:43

Contact an independent agent. An independent agent represents several insurance companies and likely has access to specialty companies that deal with this type of risk. The short term rental business has potentially serious risks and there are very few companies willing to underwrite the risk. Use this link to find an independent agent: iiaba.net/ agentlocator/ findagent.aspx Or use the yellow pages.

Posted by: mbrcatz on 2009-03-15, 21:34:06

Gotcha. It's called inland marine coverage form, particularly, an equipment rental dealer's form. Depending on the type of equipment, and coverage area and usage, it STARTS at $2500 or 5% of the value of your equipment.