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Loss Damage Waivers

Industry-leading equipment protection for commercial dealers
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Protect your investment and your customers with reliable loss damage waivers.

Loss damage waivers are purchased at the time of rental and are designed to protect your equipment while it’s being rented. These waivers aren’t insurance, but they do offer strong financial protection for your business without requiring your renters to purchase physical damage insurance. 

Company Statistics

Overview of Loss Damage Waivers

Benefits of Loss Damage Waivers

Assurant’s loss damage waiver programs are easy to implement and manage. They support:  

  • Compliance with legal and regulatory requirements
  • Business growth and added bottom-line profitability
  • Protection for your equipment from loss or damage
  • Fewer loss claims against your existing equipment dealer policy
  • Quicker leasing operations with no need to secure evidence of insurance
  • Expert training to help maximize customer participation

Coverage Details

When customers purchase loss damage waivers at the time of rent, they receive:

  • Coverage for theft, collision, hail, fire, overturns, earthquake, flood, vandalism, wind, and tornado
  • Loss protection for many of the most common causes of damage to rental equipment
  • Ability to rent equipment without the added responsibility of providing proof of insurance

Because loss damage waivers don't cover customer abuse or equipment neglect, it's important that your renters understand their responsibility during a rental period.  

Industries we serve

Our full suite of commercial equipment products

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Extended Service Contracts

Our affordable service contracts feature flexible coverage options, streamlined claims processing, and industry-leading customer service.

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Physical Damage Insurance

Protect against collision, loss, theft, flood, windstorm, fire, and even accidental damage with robust, comprehensive coverage.

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Guaranteed Asset Protection (GAP)

Provide customers with peace of mind by covering the difference between the value of financed commercial vehicles and the amount owed on the loan in the event of a total loss.

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Non-Trucking Liability

Safeguard your business with bodily injury and property damage coverage while commercial vehicles are used for nonbusiness purposes.

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Insurance Tracking

Automatic insurance and detailed tracking and reporting that keeps your assets secure and your business running smoothly.

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Lessor’s Liability

Protect your business with contingent liability coverage for bodily injury and property damage directly related from the operation of the leased equipment.

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Heavy Truck F&I Training

We offer industry-leading training for heavy truck F&l or hybrid sales professionals that's proven to help drive PVR, overall revenue, and CSI scores.

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Contact the team

Get in touch with our commercial equipment sales team to learn more about how to protect your office, heavy trucking, forestry, and commercial equipment and your business.

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