WEIGHTY MATTER: INSURANCE COVERAGE FOR A RENTED TRUCKBruce Mohl Globe Staff
Under some rental contracts, the renters can provide their own insurance and name the rental agency as the payee for a specified amount on equipment. While this can be thought of as an exemption, it is simply a type of business umbrella policy that extends to leased or rented equipment under...
Under certain circumstances, a home-operated business in which risks are minimal may have a low-costrideror endorsement added to an existing homeowners policy to cover damage to business assets. Coverage may not apply to costly equipment orinventoryused or stored on the premises or if hazardous o...
One exception could be that a landlord (property owner) who does not live in the rented property may not have a need for additional living expenses coverage and may decline that. The table below offers a comparison of the types of coverage taken out by renters and homeowners, as well as...
The basic recommended insurance coverages for companies using rental equipment include:Commercial auto coverage includes company-owned vehicles as well as those that might be leased, rented or loaned. These policies can include everything from transmission and electronics to sections that cover lease ...
Do you cover Insurance for Rented Equipment? Most of our policies automatically extend coverage for rented or borrowed equipment at a limit of $10,000. Coverage may be increased. Where are my cameras and other equipment covered? Coverage for your scheduled cameras and other gear is provided with...
This type of coverage only applies to guests. You, your family members, and other roommates who live on the property are not eligible for medical coverage through your renters insurance. Additional Living Expenses One of the most critical aspects of your renters insurance is the additional living...
Offers full-timer coverage Discounts on campsites, equipment and more Not a direct insurer Roadside assistance only offered as a standalone policy View More Who's this for? Good Sam's storage option can save you as much as 53% if you store your RV when you're not using it. Your collis...
The standard commercial general liability (CGL) policy states that the coverage is subject to the ” damage to premises rented to you” policy limitation. Products And Completed Operations Owning a manufacturing business that supplies equipment to venders and consumers makes you potentially in danger ...
Renters insurance has three basic coverage components: personal possessions,liability, and additional living expenses. Personal Possessions This coverage is for the contents of your rented dwelling. Typically,named perilsinclude fire, theft, vandalism, plumbing and electrical malfunctions, certain weather-re...