Equipment Damage Policy ( PDF Version )
1. CUSTOMER'S GENERAL RESPONSIBILITY
Under the Great Plains Rent-All Rental Agreement, the CUSTOMER RENTING THE EQUIPMENT IS RESPONSIBLE TO GREAT PLAINS RENT-ALL FOR ANY LOSS OR DAMAGE TO THE EQUIPMENT and for its return in the same condition in which received, except for ordinary wear and tear. In the event of loss, damage or destruction of any item of equipment, such Equipment may be repaired either by Great Plains Rent-All or a repairer of Great Plains Rent-All's choosing. The Customer shall pay all costs associated with the repairs or replacement of the equipment.
2. INSURANCE
The Customer agrees to be the absolute insurer of the Equipment during the term of this Lease. Customer shall obtain and maintain comprehensive general liability coverage with the minimum limits of (a) $1,000,000 per person and $1,000,000 per occurrence for personal injury (including death) and (b) “all risk” physical damage coverage on the Equipment for not less than the total replacement value of the Equipment as of the Commencement Date of the Lease (unless Customer purchases the Damage Waiver defined below). BOTH POLICIES MUST NAME GREAT PLAINS RENT-ALL AS AN ADDITIONAL INSURED AND SHALL WAIVE RIGHTS OF RECOVERY AND SUBROGATION AGAINST EACH OTHER.
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