Certified Rental Equipment Damage Waiver



DAMAGE WAIVER

Either Damage Waiver or Physical Damage Insurance is required on all rentals.

Damage Waiver Required Unless Insurance Is Provided
The Damage Waiver charge is assessed as a percentage of the normal rental price.  Customer is still responsible for damage up to the amount of the monthly rental rate.

If You Choose To Provide Your Own Insurance
The Certificate of Insurance must be on file with Certified Rental® before the first billing of a rental; certificates of insurance are only accepted on future rentals;Certified Rental®does not refund Damage Waiver charges on past rentals.  The Certificate of Insurance should state the Insured has All Risk (or Special Cause of Loss) physical damage coverage equal to or greater than the replaceable value of the equipment rented/leased, naming Certified Rental® as an additional insured. The Certificate of Insurance should be sent (or faxed) to:

Certified Rental®
Attention: Customer Financial Services
P.O. Box 32230, Louisville, KY 40232
Fax Number 502-499-3190
.

Certified Rental®
Attention: Customer Financial Services
3300 Alcoa Highway
Knoxville, TN 37920
Fax Number (865) 579-7365
.

All Risk Physical Loss Damage Waiver
Certified Rental®  Lease Agreement provides that the Customer renting equipment is responsible to Certified Rental® for any loss or damage to the equipment and for its return in the same condition in which received, except for ordinary wear and tear.

However, if the LOSS AND DAMAGE WAIVER is accepted in the Lease,Certified Rental® will waive its rights to recover from the customer the amount of loss or damage to the rented items of equipment (excluding supply items) exceeding 100 percent of an amount equal to the standard monthly rental charge for the affected equipment.

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