Rental Equipment Protection (REP)
The Choice for Premier Rental Businesses
Rental Equipment Protection (REP) is the damage waiver of choice for the premier rental companies in the United States. All-risk coverage and the speed and confidence of reimbursement makes REP a necessary addition to high-performing rental fleets.
Provides All-Risk Coverage
REP provides protection for a dealer's equipment while on rent. REP is an all-risk damage waiver, which means that all claims will be covered unless it’s specifically stated as an exclusion.
Ensures Efficiency
Claims are handled quickly so our dealer partners can repair their equipment and resume their business. Our claims department works directly with clients’ rental and service departments to expedite the claims process.
Ensures Reimbursement
REP provides reimbursement confidence to our clients and their renters. Since our company began in 2009, we have maintained a less than 3% claims declination rate. This means we pay over 97% of all claims that our clients submit to us.
Increases Rental Sales
Our clients choose REP because it helps protect them from lost rental sales. If potential renters walk out of a dealer's rental store because they do not have the proper coverage, the dealer loses out on the rental sales.
Increases Employee Satisfaction
REP increases our clients' employee satisfaction because we actually pay for claims, where the typical loss damage waiver may not. A good employee will value solving the needs of their customer.
Secures Customer Retention
Because REP is an all-risk policy, it increases the trust renters have in their dealer. Dealers won’t have to hold their renters liable for claims that weren’t covered by their self-funded damage waiver.
1. How to Get Started
Don’t worry. It’s a simple process.
- Sign the contract.
- Pay a small deposit. *This will become a credit on your account until funds are exhausted.
- Modify the rental contract to add REP verbiage.
2. How to Charge
The dealer can require REP to be attached to every rental contract or allow customers to opt out of coverage. Once they sign the contract with REP added, the coverage will begin as soon as the equipment is on their job site.
Since coverage has already been bound between JT Bates Group and the dealer, coverage does not need to be bound for each specific renter.
3. How to Report
Email us a monthly report from the ERP system showing all the rental contracts that contained REP.
*We will help each dealer build this report.
Once we receive this report, our accounting department will send a monthly invoice that reflects the agreed-upon rate.
Protect your equipment.
Protect your profits.
Rental Equipment Protection is used by many of the top rental dealers in the United States. Let’s see if it can help you too.