We make the process simple so you get same-day coverage.
After these three steps are completed, we will issue the certificate of insurance to you and the equipment dealer.
Rental Shield™ is short-term equipment coverage for rental construction equipment. Rental Shield protects the equipment for the most common damages listed below. *Please note that every claim is subject to an investigation by an adjuster.
This insurance policy often serves as the necessary insurance that most equipment dealers require in order to rent equipment. Rental Shield offers renters the most extensive coverage at a price that fits the customer’s timeline.
1 Business Day
We pride ourselves on providing same-day coverage. This means that we ask for a day to process applications and issue a certificate of insurance.
In most cases, we are able to complete the process within a few hours. Having said that, you the customer play a major role in the process.
The rate at which the application is submitted, the agreement form is signed, and the invoice is paid, dramatically affects the processing time.
Price is 100% dependent on your unique situation.
The price for coverage is based on 2 factors.
To find the premium for your policy, simply follow the formula below. Please note that a 3% credit card fee will be applied to the total premium.
$100,000 (Equipment Value) x 8.0% ÷ 52 (weeks) = $159/wk
$159 x 2/wks = $318 Premium
*Disclaimer* Every policy is different. Therefore, the pricing is subject to change. The minimum premium for a policy is $100 + tax regardless of the equipment value.
The deductible is dependent upon the value of the machine.
We will cover equipment that is valued at up to $250,000. If equipment is valued higher than that, please contact us at rentalshield@jtbatesgroup.com so we can look at your case more closely.
However, for any equipment valued below $250,000, the deductibles are as follows.
Equipment valued from $1,000 – $24,999 = $1,000 Deductible
Equipment valued from $25,000 – $250,000 = $2,500 Deductible
In select cases the deductible may be higher due to the scope of work. We will evaluate each deductible rate on a per policy basis.
Not yet.
Rental Shield™ is physical damage that protects the piece of equipment. Even though Rental Shield protects against the most common causes of accidents, it is not liability coverage.
However, we are in the process of building this coverage option. We hope to complete this policy option in 2022. If you have any questions about liability coverages, please contact us.
Our claims advocates work hard so that you don’t have to. We take care of the paperwork so you can get back to work.
Don’t panic. We can change the certificate of insurance.
Sometimes the equipment dealer will unexpectedly deliver a piece of equipment to you that is different from the one that you obtained coverage for.
In this instance, just call 1 (512) 866-7651 (option 2) and tell us the new information (make/model/serial number).
As soon as we deliver the COI to you, the equipment will be officially covered by Rental Shield.
* Please do not use the equipment until you have an updated certificate of insurance. The serial number that is on the certificate will be the only machine covered by Rental Shield.
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Rental Shield™ covers a range of perils including fire, flood, collisions, overturns, theft and vandalism.
Rental Shield™ covers your equipment only for the time you need it, as little as one week! No long contracts, no hassle.
Insurance premiums are prorated for the rental period and are based on the value of equipment, so you’ll never pay more than you have to.
“Rental Shield was created at the request of heavy equipment renters so they can get the coverage they need to rent the equipment that helps them get the job done.”