Rental Equipment Protection (REP) coverage is an extension of Ohio Cat’s coverage. With REP, you are shielded from being held responsible for most causes of damage to equipment you are renting. In the event of a loss, REP will cover the replacement or repair of the damaged equipment.
REP is an All Risk Policy, which means the damage or loss is covered unless specifically stated as excluded.
Some examples of damage or loss covered by REP include:
|Falling Objects||Wind||Other Non-Excluded Perils|
|Civil Authority||Missing Property
unexplained or mysterious disappearance
(ex. shortage of property discovered on taking inventory)
|Nuclear Hazard||War and Military Action|
|Contamination or Deterioration||Pollutants|
|Criminal, Fraudulent, Dishonest, or Illegal Acts||Temperature/Humidity|
|Loss of Use||Voluntary Parting with Title|
|Mechanical Breakdown||Wear and Tear|
Rental Equipment Protection coverage is required for customers who do not have existing rental insurance policies. For customers who already have existing policies, it is a value-added option.
The REP deductible is applied per machine rented. In the event of loss or damage* to your rental equipment eligible under the All Risk Policy, you pay the deductible toward repair or replacement costs and the coverage pays the rest, up to $500,000 per incident.
*Contact your Ohio CAT Rental Coordinator if equipment is damaged while on rent. Failure to report serious damage could invalidate the REP agreement.
Use our Livechat function on this website or tell your Cat Rental Store Rental Coordinator that you are interested in our Rental Equipment Protection coverage. We will take care of the rest!