Why? Here are just 5 huge benefits of REP!
What’s the catch?
Well, there is no catch. When we say, “all-risk coverage,” we mean it. This means that we cover everything unless it is otherwise stated in our agreement. REP™ increases your coverage while decreasing your guesswork and stress.
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Unlike many damage waivers, our Rental Equipment Protection plan offers all-risk coverage that benefits both equipment dealers and their renters.
REP will cover just about any circumstance you can imagine and will do so without asking our customers to take on any extra risk.
- Criminal acts by the dealer.
- Mechanical breakdown.
- Missing property.
- Wear and tear.
- In-transit Damages.
*Not all Named Peril policies are written the same. The list we chose is an example of a typical policy.
By keeping rates low, REP will increase profitability for existing rental businesses. Higher sales of REP results in even more rate discounts.
When a loss occurs, REP will pay the entire cost to replace the vehicle rather than the actual cash value (ACV), or the market price of the used equipment.
Claims will not affect business insurance premiums for the dealer or the customer.
Deductibles usually classified as a customer contribution by dealers, encourage the customer to care for the equipment, and the contribution with REP in place will be lower than the deductible on the customer’s policy in most cases.