CUSTOMER’S INSURANCE COVERAGE. Rental customers agree to maintain and carry, at Customer’s sole cost, the following insurance:
Commercial Auto Liability Insurance with at least a per occurrence limit of
- $2 million (This coverage is only required for rental equipment licensed for road use or, if customer elects to haul (deliver) rental equipment him or her self);
Commercial General Liability Insurance (“CGL”) providing coverage equal to or greater than the standard Commercial General Liability Coverage Form (ISO CG 00 01 12 04 form) with limits of insurance not less than
- $1 million per occurrence and;
- $2 million in the aggregate; and;
Property Insurance for the Full Replacement Cost of the Equipment (Manufacturer’s suggested list price), including coverage for all risks of loss or damage to the Equipment.
Customer shall obtain insurance policies that provide, or are endorsed to provide, that all insurance required hereunder is primary and non-contributory to any other insurance maintained by MRI. MRI shall be named as an additional insured for liability insurance and, if applicable, additional loss payee for property insurance. Any deductibles or self-insured retentions shall be the sole responsibility of the Customer. All insurance required by this agreement shall include a waiver of rights of recovery against MRI or its insurers by the Customer and its insurers, as well as a waiver of subrogation against MRI or its insurers. The policies required hereunder shall provide that MRI must receive not less than 90 days’ notice prior to any cancellation.
FOR RENTAL OF EQUIPMENT NOT LICENSED FOR ROAD USE, CUSTOMER MUST EITHER:
(A) ELECT TO NAME MRI AS LOSS PAYEE EVIDENCING PROPERTY INSURANCE COVERAGE, OR
(B) ELECT TO PURCHASE THE RENTAL PROTECTION PLAN (RPP).
Please send insurance certificates by email to: firstname.lastname@example.org or, by fax to: (860) 347-8410 and mail copy to:
Mazzotta Rentals, Inc.
P.O. Box 133
Middletown, CT 06457-0133
Attn.: Insurance Coordinator