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2Quip Corp Rental Protection Plan (RPP)

At 2Quip Corp, we understand that accidents and unforeseen events can occur during equipment rentals. With construction equipment often valued at tens or hundreds of thousands of dollars, a single incident can significantly impact your business. Our Rental Protection Plan (RPP) is designed to limit your financial liability for damage, loss, or theft of rented equipment, provided you do not have independent property insurance covering the equipment. THE RPP IS OPTIONAL. By opting into the RPP or if it is automatically applied due to the absence of a valid Certificate of Insurance (COI), you will be responsible for the lesser of 10% of the applicable repair or replacement cost, or $1,500, per incident, subject to the terms and conditions outlined below. You may decline the RPP at any time before your rental begins by providing 2Quip Corp with a valid COI. When charged, the RPP fee will appear as a separate line item on your rental invoice.

Scope of Coverage

The RPP is not insurance and does not cover liability for injury, damage to persons or property, or any other losses arising from the possession, use, or operation of the equipment. Coverage is limited to the replacement cost of the rented equipment and does not apply to on-highway equipment.

This RPP is separate from, and does not modify or replace, any inland marine or other property insurance maintained by 2Quip Corp or the equipment owner. The RPP addresses only the renter's financial responsibility to 2Quip Corp and the equipment owner for a covered incident and is not insurance for the renter's benefit. Amounts waived against the renter under the RPP do not themselves create insurance coverage; recovery of any amount 2Quip Corp or the owner does not collect from the renter, if any, is governed solely by the terms, conditions, and deductible of 2Quip Corp's or the owner's inland marine policy.

Subject to the conditions and exclusions below, the RPP caps your liability to 2Quip Corp for the following events:

  • Theft: the lesser of 10% of the replacement cost of the equipment, or $1,500, for stolen equipment.
  • Damage: the lesser of 10% of the cost of repairs, or $1,500, for repair costs due to damage.
  • Loss or Destruction: the lesser of 10% of the replacement cost of the equipment, or $1,500, for lost or destroyed equipment.

2Quip Corp intends for the renter's maximum liability under the RPP to align with 2Quip Corp's inland marine per-occurrence deductible. For a covered incident, 2Quip Corp or the equipment owner will look to its inland marine insurance -- not the renter -- for amounts exceeding the renter's RPP liability described above, subject to the terms, conditions, and limits of that policy. The maximum coverage available under the RPP is $50,000 per incident. Renter remains responsible for any amount above that limit. This RPP maximum is set independently of, and is lower than, 2Quip Corp's inland marine per-occurrence limit; 2Quip Corp's inland marine insurance remains separately available, subject to its own terms and limits, to reimburse 2Quip Corp for its own covered losses regardless of the RPP maximum stated here.

Conditions for Coverage

The RPP applies only if all of the following conditions are met:

  1. Payment of RPP Fee:
    • 15% of the gross rental charges for standard equipment.
    • 18% of the gross rental charges for equipment used in forestry or demolition.
  2. Compliance: You fully comply with the terms of the RPP and the 2Quip Corp Rental Terms and Conditions, and any attached owner rental agreements.
  3. Account Status: Your account with 2Quip Corp is current at the time of the incident.
  4. No Exclusions: None of the exclusions listed below apply to the incident.
  5. Proper Documentation: You provide all required documentation, including a valid rental agreement and any incident-related reports, within the specified timeframes.
  6. Equipment Maintenance: You adhere to all manufacturer-recommended maintenance and operating procedures during the rental period.
  7. Renter Verification: Renter has a credit application on file with 2Quip Corp. If Renter does not have a credit application on file with 2Quip Corp, Renter must complete identity verification as part of the transaction workflow in the 2Quip.Ai platform. This condition is in addition to, and does not replace or waive, Renter's obligation to carry a valid Certificate of Insurance (COI) or otherwise participate in RPP as described in Section 5 of the 2Quip Corp Master Rental Agreement and the How to Opt-In section below.
  8. Checkout/Checkin Documentation: Renter completes Renter's portion of the checkout and checkin process, including photographs, in the 2Quip.Ai platform, as further described under Inspection Requirement in the Additional Terms section below.
  9. License/Certification Submission: If operation of the Equipment requires a license or certification under applicable law or the manufacturer's specifications, Renter supplies a copy of that license or certification to the equipment owner before the start of the rental period.

Exclusions

The RPP does not cover incidents under the following circumstances, as determined by 2Quip Corp in its sole discretion after investigation:

  1. Failure to Notify: You do not provide written notice (via email or text) of the incident to 2Quip Corp within 24 hours of its occurrence.
  2. Lack of Cooperation: You fail to cooperate with 2Quip Corp or its agents during the investigation, including providing access to the incident site or relevant personnel.
  3. Negligent Transport: Damage results from improper or negligent transportation of the equipment.
  4. Misuse: Damage or loss results from using the equipment for a purpose other than that for which it is designed, as specified by the manufacturer or disclosed by 2Quip Corp at the time of rental.
  5. Vandalism or Hazardous Conditions: Damage results from vandalism, malicious mischief, or operation near fire sources or water hazards.
  6. Violation of Rental Agreement: The incident results directly from a specific, prohibited use expressly identified in the current 2Quip Corp Rental Agreement.
  7. Unreported Theft or Loss: Theft or loss is not reported to the police within 24 hours of discovery, or you fail to provide a written police report. You must also demonstrate reasonable efforts to secure the equipment (e.g., evidence of fencing, alarms, security, or surveillance).
  8. Acts of God: Damage results from natural disasters, including tornadoes, floods, hail, wind, storms, or earthquakes.
  9. Untrained Operators: The equipment is operated by an individual not properly trained for its use.
  10. Tire/Track Damage: Damage to tires, tracks, or tubes results from blowouts, bruises, cuts, punctures, or other causes inherent to equipment use.
  11. Unauthorized Modifications: Damage results from unauthorized modifications, attachments, or repairs to the equipment.
  12. Overloading: Damage occurs due to exceeding the equipment’s rated capacity or specifications.
  13. Subleasing: The equipment is subleased, transferred, or used by a third party without prior written consent from the owner of the equipment.

Recovery of Equipment

If lost or stolen equipment is recovered, 2Quip Corp or the equipment owner retains ownership of the equipment, regardless of any payments made by you or your insurance provider. All payments related to the incident are non-refundable.

Additional Terms

  1. Termination of RPP: The RPP coverage terminates upon the return of the equipment to 2Quip Corp or the owner or the expiration of the rental period, whichever occurs first. Coverage does not extend to incidents occurring after this period.
  2. Non-Transferable: The RPP is non-transferable and applies only to the renter named in the rental agreement.
  3. Inspection Requirement: You must allow the equipment owner to inspect the Equipment before and after the rental period, and you must complete Renter's portion of the checkout and checkin documentation, including photographs, in the 2Quip.Ai platform at the start and end of the rental period. Failure to complete Renter's own checkout/checkin documentation, or to permit inspection, may void RPP coverage; a failure by the equipment owner, 2Quip Corp, or the 2Quip.Ai platform to complete their respective portions of this process will not affect Renter's RPP coverage.
  4. Dispute Resolution: This RPP is governed by the laws of the State of Kansas, without regard to its conflict of laws principles, consistent with the 2Quip Corp Master Rental Agreement. Any dispute arising from the RPP will first be submitted to mediation. If not resolved through mediation, the dispute will be resolved by binding arbitration administered by the American Arbitration Association under its applicable rules, consistent with the 2Quip/RME Marketplace Terms of Service, except that either party may instead bring an individual claim in small claims court. The arbitration, or any court proceeding permitted under this paragraph, will be venued in Miami County, Kansas, unless otherwise required by applicable law. Claims may be brought only on an individual basis and not as a plaintiff or class member in any purported class, collective, or representative action, and the arbitrator may not consolidate more than one person's claims or preside over any class or representative proceeding.
  5. Right to Deny Coverage: 2Quip Corp or owner reserves the right to deny RPP coverage if any misrepresentation or fraudulent activity is discovered in connection with the rental or incident.
  6. Subrogation: If 2Quip Corp or owner covers a loss under the RPP, it reserves the right to pursue subrogation against any third party responsible for the incident to recover its costs.
  7. Geographic Limitations: The RPP is valid only for equipment used within the United States. Use outside this region voids coverage.
  8. Incident Documentation: You must provide photographic evidence and a detailed written description of the incident within 48 hours of its occurrence, in addition to the 24-hour notification requirement. It is required that pictures and comments are also documented in the 2Quip system.
  9. RPP Fee Non-Refundable: The RPP fee is non-refundable, even if no incidents occur during the rental period.
  10. Claim Review Timeline: 2Quip Corp will review a properly documented RPP claim and notify you of its determination within 10 business days of receiving all required documentation.
  11. State-Specific Terms: Where required by applicable state law, additional or modified RPP terms will apply to rentals in that state and will be provided as a supplemental addendum.
  12. Subrent – if the equipment is a subrent item, the suppliers insurance will be the first means to cover any damage or theft.

How to Opt-In

THE RPP IS OPTIONAL AND MAY BE DECLINED. To enroll in the RPP, select the RPP option during the rental process for the applicable rental period and initial your acceptance where indicated on the rental agreement. If you do not provide a valid COI before your rental begins, the RPP will be automatically applied to your rental and will appear as a separate line-item charge on your invoice; you may decline this default enrollment at any time before the rental begins by providing a valid COI.

For questions or to report an incident, contact 2Quip Corp at support@2quip.com, (805) 660-9145

Rental Protection Plan