Rental Protection Plan

Protect Yourself From The Unexpected

The Rental Protection Plan (RPP) offered by Riggs Cat is a simple and inexpensive way to protect you from the unexpected.

What is Covered?

  • Losses due to fire, theft, vandalism, hail, earthquake, flood, and wind.
  • Losses from accidental damages, except for intentional abuse.

What Are the Advantages to RPP?

  • You don’t have to provide proof of physical damage insurance before you rent equipment.
  • You are protected from losses due to fire, theft, vandalism and damages, except for intentional abuse.
  • It is easy to protect yourself from the unexpected and at a cost that is often lower than regular insurance.

How Does It Work?

  • RPP is not insurance, but it protects you from losses and damages that are unintentional
  • The RPP charge is 14% of your rental and will be added to each rental invoice
  • If a covered loss occurs, you only pay 20% of the repair cost up to a maximum deductible. The deductible is $500 on equipment with an original replacement cost under $100,000 and the deductible is $2,500 for equipment with an original replacement cost over $100,000.

Examples:

Theft Example – A $60,000 Mini-Excavator is Stolen from your job site
RPP Purchased RPP Not Purchased
Rental of Equipment $2,500 $2,500
Cost of RPP $350 $0
Cost to Replace Equipment $60,000 $60,000
Deductible* $500 $0
Total Cost to Customer* $850 $60,000
Additional cost for not purchasing RPP $59,150
*Plus applicable state and local taxes
Damage Example – A tree falls over onto a Skid Steer
RPP Purchased RPP Not Purchased
Rental of Equipment $800 $800
Cost of RPP $112 $0
Cost to Repair Equipment $5,000 $5,000
Deductible* $500 $0
Total Cost to Customer* $612 $5,000
Additional cost for not purchasing RPP $4,388
*Plus applicable state and local taxes

*Customer is responsible for the deductible for each covered loss. Customer also is responsible for the care and safekeeping of rented equipment from the time delivered until back in Riggs’ possession. All additional terms and conditions on rental agreement also apply.

Contact us for more information on our Rental Protection Plan