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Damage Waiver Policy
September 13, 2009
C & T RENTALS DAMAGE WAVIER CHARGES
HAVE NOTHING TO DO WITH INSURANCE
The Damage Waiver is not an INSURANCE
POLICY and is administered internally by C & T. It is set up to
cover the every day minor and major accidental damages that occur to our
equipment that our customers do not want to pay for and we do not want to
charge for.
It encourages customers to report damages to our equipment rather
than trying to hide them and causing safety problems.
It takes care of a void in most customers insurance polices where
the deductible is in a lot of cases higher than the damage cost.
The Damage Wavier carries a cost of 7% and is automatically
calculated into the rental invoice, it is not refundable.
The Damage Waiver covers accidental equipment damage up to a
maximum of $2500.00.
For example you rented a $1000.00 quick cut saw for a day for
$50.00 and you paid your $ 3.50 Damage Waiver then you accidentally
backed over it with your truck {it has happened} and did $500.00 damage,
this would be covered by our Damage Waiver.
The Damage Waiver also covers Vandalism, if accompanied by a Police
report.
The
Damage Waiver does not cover:
Stolen,
Lost or Missing equipment.
Misuse or abuse of
equipment.
Customer
Negligence
Damage incurred by
a third party.
Tires and Glass.
The Renter has the option to decline the Damage Waiver and C& T
Rentals & Sales Ltd. has the option to decline to offer the Damage
Waiver.
If the Renter declines the Damage Waiver then the Renter agrees to
pay any and all costs incurred
by C & T Rentals and Sales Ltd. To
replace, repair or restore the equipment to its original condition.
We also reserve the right to ask for a damage deposit of a minimum
of $200.00 per rental contract if the Damage Waiver is declined.
I/We do not wish to purchase the Damage Waiver for our rented
equipment and accept all responsibility for damage and repair of rented
equipment.
Customer Name.
……………….. Acct.
#. …………………
Customer
Signature ……………..…
Date …………..………
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