Loss Damage Waiver

To be eligible to rent equipment, customers must provide:

• • a certificate of insurance showing a minimum of $1,000,000 general liability coverage
    - OR -
  • Individuals not providing proof of physical damage insurance must accept a Loss Damage Waiver (LDW) that carries a fee of 18% of the gross rental amount.

While an LDW is not insurance, it does provide limited protection against accidental loss or damage to rented equipment owned by Cleveland Brothers Equipment Co., Inc. or CatRentals.com. An LDW is NOT available for certain rental items, including:

1. 1. equipment licensed for highway or public roadway use
   2. equipment re-rented from other equipment companies on behalf of the customer.

Items Covered:

• • Replacement cost coverage up to $500,000 per occurrence
  • Physical damage coverage (damage from misuse, negligence or abuse is NOT covered)
  • Collisions
  • Overturns/Rollovers
  • Damage from Falling Objects
  • Fire, theft, vandalism
  • Acts of Nature (Earthquake, Flood, Tornado, Hail... etc.)
  • Qualifying loss or damage to equipment in transit

What is my deductible?

Do LDW fees apply to all Rentals?

LDW can be waived by submitting a valid certificate of insurance covering physical damage to the rental unit.

LDW Coverage Exclusions

• Damage caused by exceeding or overloading the rated equipment capacity.
• Damage due to lack normal servicing of equipment (i.e., lubrication).
• Loss or damages associated with vandalism, malicious mischief, theft of conversion or equipment not documented by customer’s prompt filing with applicable public authorities (with an immediate printed copy of a formal written report to Cleveland Brothers Equipment Co., Inc.)
• Wrongful conversion by customer in possession of the equipment or infidelity of customer’s employees or persons to whom equipment is entrusted.
• Loss or damage caused by use of the equipment in violation of any terms of the rental agreement.
• Loss or damage resulting from customer or authorized representative dishonest or criminal activity.
• Loss or damage that was or should have been expected due to an extraordinary application or use of equipment.
• Damages or loss associated with use or operation of equipment by a person other than customer’s qualified employees, including damages to or loss of equipment loaned to a third party.
• Loss or damages resulting from exposure to radioactive, contaminated or hazardous materials.
• Normal wear items, including, but not limited to, tires and undercarriages.