Tools & Equipment Insurance
Am I Covered If I Damage Rented Tools or Equipment?
Only if you have a rented equipment endorsement. Without it, your tools policy only covers equipment you own.
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Does my tools insurance cover damage to equipment I rent?
Standard tools policies cover your owned tools and equipment. Equipment you rent or borrow is not automatically included — you need a rented equipment endorsement to extend coverage to non-owned equipment in your care.
This endorsement covers accidental damage, theft, and fire for equipment rented from a dealer, rental yard, or borrowed from another contractor. It typically replaces the rental yard’s damage waiver — at a fraction of the cost.
If you regularly rent equipment, add this endorsement to your policy. A week’s worth of rental yard damage waivers often costs more than the annual endorsement premium.
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