InsureMyEquipment.com is your quick and easy portal to get coverage for production equipment.
Adding a Loss Payee
When renting equipment from a rental house, individual, company or location, you will be required to list that party as a “Loss Payee” on your insurance policy.
The Loss Payee designation guarantees that if a claim is filed for their equipment while in your possession, they will be the party to which payment is remitted.
“Loss Payee” designation only applies to property policies (also known as Inland Marine policies) such as the Rented Equipment policy.
You can do list your vendor as Loss Payee by purchasing a rented equipment policy. After policy purchase, you will have access to generating certificate of insurance through your Dashboard at InsureMyEquipment.com.
To issue a COI, you’ll need the following information from your vendor:
Please Note: You can only list a company as Loss Payee if you have ‘Rented Equipment’ coverage added to your policy.