TERMS AND CONDITIONS:
NTS RENTAL PROTECTION PLAN
Unless Lessee has Opted-Out of the Rental Protection Plan, Lessee agrees to pay a charge equal to 16% of the rental charges on Equipment covered by the Rental Protection Plan.
This charge will be included on all invoices beginning on September 6, 2022. If the customer (“Lessee”) wishes to Opt-Out on this benefit, please follow the instructions below.
In order to OPT-Out of the NTS Rental Protection Plan, Lessee must provide an updated copy of their COI (Certificate of Insurance) and contact the local branch or our credit department at email@example.com or call the credit department at 832-200-0988.
NOTICE FOR RENTAL EQUIPMENT FROM NATIONAL TRENCH SAFETY, INC. AND ALL AFFILIATES AND SUBSIDIARIES OF NATIONAL TRENCH SAFETY, INC., (collectively “NTS”). THIS AGREEMENT OFFERS, FOR AN ADDITIONAL CHARGE, A RENTAL PROTECTION PLAN TO LIMIT THE LESSEE’S FINANCIAL RESPONSIBILITY FOR CERTAIN LOSSES OR DAMAGE TO THE RENTAL EQUIPMENT. BEFORE DECIDING WHETHER TO OPT-OUT OF THE RENTAL PROTECTION PLAN, THE LESSEE MAY WISH TO DETERMINE WHETHER LESSEE’S OWN INSURANCE PROVIDES COVERAGE FOR DAMAGE TO THE RENTAL EQUIPMENT AND THE AMOUNT OF THE DEDUCTIBLE UNDER THE LESSEE’S INSURANCE COVERAGE. THE RENTAL PROTECTION PLAN MUST APPEAR ON THE RENTAL CONTRACT AT THE TIME OF DELIVERY FOR THIS LOSS/DAMAGE WAIVER TO APPLY.
THE RENTAL PROTECTION PLAN IS NOT INSURANCE.
TERMS AND CONDITIONS
Subject to the terms and conditions set forth herein, NTS agrees to waive its right to collect amounts exceeding 10% of the replacement value of covered Equipment, 10% of the cost of repairs of covered Equipment, or $500 plus applicable taxes, whichever is the lesser amount, for loss or accidental damage to covered Equipment occurring during normal and careful use. Lessee remains liable for rental charges and all other damages, including damages due to Lessee’s negligence as outlined in the terms and conditions of the Rental Contract, which are incorporated herein by reference.
Without the Rental Protection Plan, stolen equipment is Lessee’s responsibility. With the Rental Protection Plan, Lessee’s responsibility is limited when Lessee has complied with the requirements of the Rental Contract, including filing a police report to report the theft within 48 hours of the event. If the equipment is recovered at a later date, NTS retains ownership of the equipment.
Accidental Damage Protection
The cost of repairs when there is Accidental Damage to Equipment (Incidental and Accidental) is the responsibility of Lessee without the Rental Protection Plan. With the Rental Protection Plan and when Lessee has complied with the requirements of the Rental Contract, Lessee is not responsible for repairs to the extent provided for herein.
For all other damage and loss due to negligence and use inconsistent with the manufacturer’s recommendations or the terms and conditions of the Rental Contract, Lessee is responsible for all losses and damages. The Rental Protection Plan does not apply to rentals of truck-mounted attenuator trucks or any motorized vehicles.
Lessee is responsible for the care and safekeeping of the rental equipment from the time of delivery until the time of return to NTS. Lessee agrees that Lessee will use its best efforts to safeguard the Equipment from loss, damage, and theft at all times until the rental equipment is returned to NTS.