What is Rental Reimbursement?
If you suffer a loss to your equipment, you may need replacement equipment to continue operating. Great West’s Rental Reimbursement product covers the cost of renting replacement tractors, trucks, and trailers when a loss covered under your Great West Physical Damage policy occurs to such equipment.
Some of the advantages of this coverage include:
Payments equal to your area’s cost of a short-term rental
Possible limit increase to include the rental company daily mileage and Physical Damage insurance charge, based on your estimated use
Flexibility in choosing the daily amount of coverage and the number of days covered
No applied deductible
Coverage for the units you specify
Note: If the loss to your equipment is not covered by the type of coverage shown in the schedule on this endorsement, or if you own substitute equipment that can be used in place of the damaged equipment, Rental Reimbursement coverage does not apply. If equipment rental costs are lower than the coverage limit, the lesser amount is paid.