The optional insurance offered through our website covers damage only. It does not cover water damage, missing parts or accessories, or lost/stolen equipment.
There is a 10% deductible based on the retail value of the piece of equipment being insured. For example, if you rent a lens that has a retail value of $1,000, the deductible is $100. In the event the equipment is damaged, we would send it off for repair and the charge to you will be based on the repair cost. If the repair total is less then the deductible (in the example, less than $100) then you are responsible for the repair amount, if the repair is greater than the deductible (in the example greater than $100) then you are only responsible for $100.
The insurance prevents you from having to pay for an entire repair, or full replacement cost in case of extensive damage.