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Does liability insurance cover equipment rental?


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2013-07-19 18:20:31
2013-07-19 18:20:31

Liability insurance does not cover the property value of the rented equipment, but your liability insurance may cover damages resulting from claims of the use of the equipment.

Example, you rent a forklift and accidently crash it into a truck you are loading. The truck owner sues you. The liability policy would probably cover the damage to the truck or any injuries caused during the accident, but would for sure not cover the damage to the forklift.

Here are several opinions from FAQ Farmers: * Commercial General Liability insurance cannot cover equipment rental in the case where the insured has rented equipment. The 'exclusion j' under the coverage A states that "property owned, rented or occupied by the insured" is an exclusion under "Bodily injury and Property Damage Liability Coverage". Also, exclusion j also specifies that "property loaned to the named insured" is also excluded. * You are wrong...gl does cover the use of such equipment but does not cover if stolen, etc.

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