Everything you need to know about InsureMyEquipment.com Rented Equipment Policy.

What's covered by the policy

• Cameras, camera equipment, sound, lighting and grip equipment, communications equipment, portable electric equipment, musical instruments, sound equipment, editing and projection equipment, office personal property, generators, mechanical effects equipment, props, sets, wardrobes and similar personal property and related production and sound equipment.

Covered causes of loss

• Theft, Fire, Earthquake, Flood, Acts of Terrorism, Smoke, Water Damage, Falling Objects, Equipment in Transit, Lightning, Explosion, Windstorm, Hail, Accidental Damages (scratches, dropping, etc.), 

Exclusions to take note of

• Acts or decisions, Consequential Loss, Dampness, Dryness, or Extremes of Temperature, Dishonesty, False Pretense (voluntary parting), Governmental Action, Hidden or Latent Defect, Mechanical Breakdown, Insects, Vermin, Negligent Work, Nuclear Hazard, Pollutants, Rust, Oxidation, Corrosion or Discoloration, Unauthorized Transfer, War or Military Action, Wear and Tear. 
• Theft from an unlocked vehicle is excluded, unless you add this coverage while applying for a policy. 
• Coverage for equipment while afloat, submerged or underwater is excluded, unless you add this coverage while applying for a policy. 
• There is a max per claim limit of $25,000 while in Mexico unless you increase this limit while applying for a policy.
• Drones are not covered while they are in operation; they re only covered while in transit or storage. 

Deductibles

• The standard deductible options available are $250, $500, $1,000, $2,500 and $5,000
• Deductible options available for International Claims & Theft From Any Vehicle Claims ($1,000, $2,500 or $5,000)

* International Travel

• Worldwide coverage applies in countries not currently being sanctioned by the US OFAC. Find a list periodically updated here: https://www.treasury.gov/resource-center/sanctions/Programs/Pages/Programs.aspx 
• Equipment must originate within the United States and be brought abroad for coverage to apply
• Unfortunately we cannot insure individuals living outside of the United States for a majority of the calendar year 

Payments and Price 

• Short-term policies start as low as $265 and annual policies start at $465. You can view a quote immediately after completing your application with no requirement to commit to a policy. Complete payment using your major US credit card. No payment plans are offered. 

What to Schedule

• Rented equipment valued above $150,000 must be scheduled onto your policy. This means that you must individually list each of those items including the make, model, serial number and replacement cost. 
• All other items can be covered without scheduling. 

Claims and Valuation

• Equipment is valued based on replacement cost at the time of the claim. 
• Submit a claim at any time from your online dashboard at InsureMyEquipment.com. 
• In the event of a covered claim, the insurance carrier will either pay the replacement cost value of the lost or damaged equipment; Or, pay the cost to repairing the lost or damaged equipment.

Still have some questions? Check out Help.InsureMyEquipment.com or reach out to us. Otherwise, click the link below to get a quote now!