Damage Waiver

Gen-Rent Damage Waiver and Power+ Indemnity Policy Options

Why you should protect your hire

All our machines are hired under the Construction Plant-hire Association (CPA) terms and conditions, which state that the hirer is responsible for the loss or damage of the equipment hired.

Replacing damaged parts, or worse still replacing a stolen generator, can be expensive, many times the equivalent weekly hire rate. Our indemnity policies can cover many of these risks and help safeguard your company against a wide range of liabilities.

When hiring equipment from us, you are expected to return it in the condition in which it was received. With our Damage Waiver or Power+* options you are covered for accidental damage.

Gen-Rent Damage Waiver

Our Damage Waiver offers protection from accidental damage to our machines whilst in use by the hirer during agreed working hours within the UK. At only 10% of the hire cost, No excess charges apply.

Summary of benefits

  • You only pay for the scheme when you have a machine on hire
  • No liability for the cost of accidental damage
  • Removes the disruption of damage assessment and payment
  • Covers our loss of hire income during
  • Covers many charges that fall within an insurance excess Read more about our Damage Waiver option.

Exclusions

o Damage Waiver Third party claims, theft, vandalism, malicious damage, paint spillage or overspray, damage caused by non-observance of daily maintenance, inadequate security, use by untrained operators, negligence. Terms & conditions apply.

Gen-Rent Power+

In addition to the benefits that the Damage Waiver plan offers, Power+ provides you with cover 24/7 during the hire period. At only 20% of the hire cost, a 'Total Loss' excess of only £3,000 applies.

Summary of benefits

All those covered by Damage Waiver Plan plus:

  • Theft
  • Destruction
  • Malicious damage Read more about our Power+ option.

Exclusions

Power+ - Third party claims, theft by hirer, paint spillage or overspray, damage caused by non-observance of daily maintenance, inadequate security, use by untrained operators, negligence. Terms & conditions apply

If you would like to take advantage of any of these options simply let us know when you place your order or apply online.

Damage Waiver and Power+ indemnity cover in detail.

Question Gen-Rent Damage Waiver Gen-Rent Power+
Why should you take out one of our covers? Parts are expensive. Most 'Hired-in Plant' insurance covers total loss and not accidental damage. You're expected to return hire equipment in the condition in which it was received. Gen-Rent Power+ takes the worry out of using expensive equipment. Replacing a stolen generator can cost you many times its weekly hire rate. In the case of damage, replacement parts are often imported and very costly.
What does it cover? Accidental damage caused by your operatives during normal (or agreed) working hours each working day within the UK during the hire period. Gen-Rent's loss of hire income during downtime, Subject to exclusions listed below. Damage Waiver plus Accidental Loss, Destruction or Damage, for 24 hours each day within the UK during the hire period. Gen-Rent's loss of hire income during downtime, Subject to exclusions listed below.
Is there an excess? There is no excess in the case of repairable accidental damage. In the case of total loss, £3,000 or 10% of the new replacement value of the equipment, whichever is greater. None in the case of repairable accidental damage. £3,000 in the case of total loss.
What are the exclusions? Third party claims, paint spillage and over-spray, damage caused by non-observance of daily maintenance1, inadequate security2, or any gross negligence3 Theft by hirer, third party claims, paint spillage and over-spray, damage caused by non-observance of daily maintenance1, inadequate security2, and any gross negligence3
What does it cost? Only 10% of your hire charge, billed on the hire invoice. Only 20% of your hire charge, billed on the hire invoice.
How do I register? Simply tick the Gen-Rent Damage Waiver Scheme box on the Gen-Rent new account application. You need to do nothing further; all accounts receive Gen-Rent Power+ unless you confirm that you have your own 'hired -in plant' insurance.

Important

You will continue to be bound by the terms and conditions of the Construction Plant Hire Association’s Model Conditions for the Hiring of Plant (with effect from October 2021) as amended from time to time.

Definitions

  1. Daily and weekly equipment checks etc.
  2. Safe storing of the equipment when not in use.
  3. Exclusions:
    1. Damage resulting from negligence of hirer's operators/employees/sub-contractors (Damage Waiver only)
    2. Damage caused by over loading
    3. Damage whilst using the machine other than for its designed purpose
    4. Damage by fire when hot work is being undertaken
    5. Damage due to corrosion by chemicals
    6. Damage whilst it is on hire/loan to/or used by any other party
    7. Wilful damage

We confirm that we have insurance cover that protects us against loss or damage to the hired out plant and equipment. We will arrange for you to be given an interest in the relevant policy. Although you will not be a party to our insurance policy and will not have any direct rights or action against our insurer's, our insurer's have nevertheless agreed with us that they will not exercise any subrogation rights that they may have against you to the extent that you have, as stipulated in the Gen-Rent's 'Power+' Plant Cover Plan, been given an interest in the policy by agreement with us.

*Cash Accounts will automatically be defaulted to Gen-Rent's Power+ Plant Cover Plan unless proof of own insurance is supplied.