A rental equipment protection plan is not an insurance policy. It is for you and your company, to cover the repair or replacement costs resulting from equipment damages or theft, that can occur during an equipment rental. An equipment protection program provides you with financial protection and peace of mind.

In the event of a covered loss, the program provider steps in to cover the cost of repairing or replacing the damaged equipment. Without it, you are responsible for the cost of replacing the equipment. You may have insurance coverage, but you are responsible for your policies deductible and the claim becomes a part of your policy history.

Download the brochure to learn more. And, as always, contact NMC for any questions you may have.

Why Do I Need a Rental Equipment Protection Plan?

We strongly recommend that all of our rental customers purchase rental insurance along with our rental equipment protection plan for their Cat® equipment. Even the most experienced industry professionals can run into unexpected damage and other problems with their machinery — which can turn into costly repairs and replacements without an equipment protection plan.

Even if you have rental insurance through your employer, it won’t cover everything. Plus, you may get stuck paying a high deductible in the event that equipment gets damaged. But with our rental equipment protection plan, most of your repair and replacement costs will be covered. A rental equipment protection plan can:

  • Cover a loss at or below your business insurance policy deductible
  • Eliminate a need to file a claim with your business insurance company should you wish not to report
  • Cover the cost of rental equipment repair and replacement in many circumstances

The Rental Equipment Protection Plan from NMC The Cat Rental Store will give you an extra safety net in the event of your Cat equipment becoming damaged and needing repair or replacement. This plan will let you eliminate unnecessary costs associated with common risks to rental equipment, providing financial security and peace of mind with no deductible.

What Types of Equipment Are Covered Under Rental Insurance and Equipment Protection?

Under our rental equipment protection plan, you can protect yourself from expenses associated with various forms of damage and loss to the following types of equipment:

  • Backhoe loaders
  • Excavators
  • Aerial equipment
  • Power generation equipment
  • Wheel loaders
  • Skid steers
  • Other Cat rental equipment

For a full list of equipment covered by our rental equipment protection service, reach out to our knowledgeable team today.

Which Common Losses Are Covered?

The Rental Equipment Protection Plan covers common job site losses and damages. Our program covers the following incidents:

  • Accidental damage
  • Fire damage
  • Collisions
  • Theft
  • Vandalism
  • Weather-related damage such as wind, hail, floods and tornadoes
  • Damage from falling objects

Keep in mind that in the event of theft or vandalism, which are both covered under our rental equipment protection service, we require customers to report the incident within 48 hours of occurrence and notify local authorities. For stolen equipment, we also require that you report the location from which it was stolen.

What’s Not Covered?

While we cover an extensive range of damages under our equipment protection plan, note that not every incident will be eligible for coverage. Here are common exclusions from this list:

  • Criminal acts of you or your employees
  • Fraud
  • War
  • Illegal activity
  • Temperature
  • Humidity
  • Breakdown

Get in touch with us today if you have any questions about exclusions under our Rental Equipment Protection Plan.

Sign up for a Rental Equipment Protection Plan Today

Sometimes, business insurance doesn’t cover everything. That’s why you need some extra protection with NMC The Cat Rental Store’s affordable Rental Equipment Protection Plan. You never know what’s going to happen on the job site — but you can know that you’re covered for it. Contact us today to learn more about our Rental Equipment Protection Plan.