Renter Protection
3-06-2007
Renter Protection
What is The Cat© Rental Store Renter Protection*?
Customers are 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. The Renter Protection
is provided to reduce a customer's financial liability during their rental
of the Cat Rental Store equipmnet. Financial liability refers to loss or
damage related charges which could equal up to the replacement value of
the rental equipment if the equipment is lost, stolen or damaged beyond
repair.
Some examples of when Renter Protection is
required.
- If you have not budgeted for unexpected damage
to the rental equipment.
- If you do not have insurance.
- If your insurance policy does not cover rental
equipment.
- If you have an insurance policy with a high
excess.
Unless you are advised otherwise in writing
by your Cat Rental Store dealer, Renter Protection will be required when
establishing an account with The Cat Rental Store and automatically applied
to all rentals.
What does Renter Protection cover*?
- Loss or damage to rental equipment caused
by accident, collision, fire, storm, earthquake or theft.
Some liability not covered by Renter Protection*
- Damage resulting from misuse or abuse of
the equipment, negligent acts or ommissions of the customer, failing to
maintain the equipment or improper servicing.
- Damage to tools, tyres or other parts and
accessories.
- Loss or damage resulting from breach of any
of the terms of the rental agreement oncluding failing to protect the equipment
from theft, loss or damage.
The Renter Protection is not insurance
or a subsitute for insurance. It is a non-refundable fee of 10% of the
rental charges for the equipment and billed on the rental invoice in addition
to your rental charges. The Renter Protection has an excess of your
rental charges. The Renter Protection has an excess of $200 or 10%
of the repair or replacement cost, whichever is the greater.
*Terms and condition apply. See The Cat Rental
Store Rental Terms for complete details.