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.

This summary is intended for informational purposes only and does not replace or modify the definitions or information contained in any insurance policy or declaration page, which controls all coverage determinations. Terms and conditions may vary by state, and exclusions may apply.