KitSplit Short-Term Rental Insurance and Damage Coverage: Details of Coverage


Below you’ll find more info on our short-term damage coverage + insurance options. Both of these options are affordable and—most importantly—quick and easy to purchase through just a few clicks on our site.

Still deciding what coverage option is best for you? Check out our overview of all of the options available to you on KitSplit.

Overview of How It Works

Here’s how damage coverage works for rentals of equipment worth $10,000 or less:
  • The renter submits information through a form request and purchases the short-term damage coverage on the KitSplit website at the rental checkout
  • In the event of an incident, claims are submitted to and processed by KitSplit here, the renter will be charged up to the amount of the deductible and KitSplit will pay for the repair, reimbursement, or replacement of the equipment.

The KitSplit Short-Term Rental Insurance is a collaboration between three companies. Here’s how it works for rentals worth $10,001 or more:
  • The renter submits information through a form request and instantly purchases the short-term insurance on the KitSplit website at the rental checkout
  • The renter’s details and insurance application are reviewed and processed by KitSplit's broker partner(s), a KitSplit partner
  • The renter will receive a certificate of insurance from KitSplit's broker partner(s) by email within 1-2 days of submitting insurance form
  • Claims are submitted to KitSplit's broker partner(s)
  • In the event of an incident, claims are submitted to and processed by KitSplit's broker partner(s) (more info on submitting claims below), the renter will be charged up to the amount of the deductible and the insurance provider will pay for the repair, reimbursement, or replacement of the equipment as applicable.

Short-Term Insurance and Damage Coverage Pricing

Pricing and deductible amounts depend on the value of the equipment and the length of the rental.

Equipment Value Premium Deductible
$10 - $5000 $1 to $50 $500
$5001 - $10,000 $51 - $200 $1000
$10,001+ $250+ $1000 - $5000
Coverage and Exclusions

Property coverage: Rentals of most equipment listed on KitSplit except the items listed below under property exclusion.
Coverage territory: Property will be covered anywhere in the world except any country or jurisdiction against which the United States Government has imposed trade sanction, embargo, or similar regulation that prohibits the transaction of business with or within that country or jurisdiction.
Occurrence coverage: Risks of direct physical loss or damage except those listed below under occurrence exclusion.
Property exclusion: Drones, underwater equipment, specialty/one of a kind, lighting bulbs or any expendables.
Exclusion territory: any country or jurisdiction against which the United States Government has imposed trade sanction, embargo, or similar regulation that prohibits the transaction of business with or within that country or jurisdiction.
Occurrence exclusion: Damage in transit (during delivery or shipping), personal injury, job/income loss, business interruption, conversion, embezzlement or secretion, disappearance, dishonest or criminal acts, electrical damage, faulty workmanship, government action, intentional acts, mechanical breakdown or failure, nuclear activity, pollution, rain, sleet, snow, or hail, war, wear, tear, deterioration, or animals (more details in KitSplit's broker partner(s) policy that you will receive by email). IN NO EVENT WILL KITSPLIT BE LIABLE FOR, AND NO COVERAGE UNDER THIS POLICY WILL BE AVAILABLE FOR, INDIRECT, CONSEQUENTIAL, EXEMPLARY, SPECIAL OR INCIDENTAL DAMAGES.

How KitSplit Short-Term Insurance and Damage Coverage Works: Step-by-Step

  1. Request: Renter selects gear on KitSplit, enters payment method and chooses to purchase KitSplit short term insurance policy or damage coverage.
  2. Acceptance: Owner accepts the rental request.
  3. Charge: Once the owner accepts the rental request the renters’ card is charged and if the renter chose short term rental insurance or damage coverage, a hold is potentially placed on the credit card for the value of the deductible.
  4. Pickup & Inspection: Upon pickup of the gear, the renter must inspect all items to ensure that they are in good working order. By accepting the equipment and taking it in his or her custody, the renter accepts terms of rental agreement and that the renter has received the gear in good condition. If the renter finds that the equipment they received is NOT in good condition they must report the discrepancy to the owner and to KitSplit within four hours of picking up the equipment.
  5. Claims:

    Claims for damage to equipment worth $10,000 or less must be appropriately documented and reported to KitSplit within four hours of discovery. Undue delay will disqualify any claims from coverage. Report claims by filling out the form here. If you have questions you can also call (254)307-7548 or email contact@kitsplit.com.

    Claims for damage to equipment worth $10,001 or more must be appropriately documented and reported to KitSplit's broker partner(s).

    Timing of Claims: Claims reported within one (1) hour following Pickup & Inspection are presumptively the responsibility of the owner for which no coverage will be available. In such events the renter may return the gear for a full refund and the owner will forfeit the rental payment.

    Claims reported after one (1) hour following pickup & inspection are presumptively the responsibility of the renter for which the renter’s deposit will be charged and claims payout will be made to the owner.
  6. Assessment and Verification: In the event of a dispute concerning responsibility for any claim or the amount thereof, KitSplit, KitSplit's broker partner(s) will together in good faith evaluate available information and attempt to allocate responsibility and proceed accordingly. KitSplit, KitSplit's broker partner(s) take fraud very seriously; any suspicion of fraud will be reported to the authorities. Determinations will be final and will be based on KitSplit’s Terms of Service along with the respective terms of service and policies of KitSplit's broker partner(s).