Damage Waiver and All Risk Indemnity Policy Options
Why you should protecting your hire
All our machines are hired under the Construction Plant-hire Association
(CPA) terms and conditions, which state that the hirer is responsible for the loss or damage of the equipment hired.
Replacing damaged parts, or worse still replacing a stolen MEWP, can be expensive and in certain cases could cost over one hundred times more than the equivalent weekly hire rate. Our indemnity policies can cover many of these risks and help safeguard your company against a wide range of liabilities.
When hiring equipment from us, you are expected to return it in the condition in which it was received. With our Damage Waiver or All Risk* options you are covered for a number of situations.
AFI Damage Waiver
Our Damage Waiver offers protection from accidental damage to our machines whilst in use by the hirer during agreed working hours within the UK. At only 10% of the hire cost, NO excess charges apply.
Summary of benefits
· You only pay for the scheme when you have a machine on hire
· No liability for the cost of accidental damage
· Removes the disruption of damage assessment and payment
· Covers our loss of hire income during downtime
· Covers many charges that fall within an insurance excess Read more about our Damage Waiver option.
Exclusions
Damage Waiver - Third party claims, theft, vandalism, malicious damage, paint spillage or overspray, damage caused by non-observance of daily maintenance, inadequate security, use by untrained operators, negligence. Terms & conditions apply.
AFI All Risk
In addition to the benefits that the Damage Waiver plan offers, All Risk provides you with cover 24/7 during the hire period. At only 20% of the hire cost, a ‘Total Loss’ excess of only £1,000 applies.
Summary of benefits
All those covered by Damage Waiver Plan plus:
· Theft
· Destruction
· Malicious damage Read more about our All Risk option.
Exclusions
All Risk – Third party claims, theft by hirer, paint spillage or overspray, damage caused by non-observance of daily maintenance, inadequate security, use by untrained operators, negligence. Terms & conditions apply
If you would like to take advantage of any of these options simply let us know when you place your order, or apply online.
Damage Waiver and All Risk indemnity cover in detail.
Question AFI Damage Waiver AFI All Risk Why should you take out one of our covers? Parts are expensive e.g. steering assembly damage £375 - £500. Most 'Hired-in Plant' insurance covers total loss and not accidental damage. You're expected to return hire equipment in the condition in which it was received. AFI ALLRISK takes the worry out of using expensive equipment. Replacing a stolen platform can cost you over one hundred times its weekly hire rate. In the case of damage, replacement parts are often imported and very costly. What does it cover? Accidental damage caused by your operatives during normal *or agreed* working hours each working day within the UK during the hire period: also AFI's loss of hire income during downtime, Subject to exclusions listed below. Damage Waiver plus Accidental Loss, Destruction or Damage, for 24 hours each day within the UK during the hire period; also AFI's loss of hire income during downtime, Subject to exclusions listed below. Is there an excess? There is no excess in the case of repairable accidental damage. In the case of total loss, £1,000 or 10% of the new replacement value of the equipment, whichever is greater. None in the case of repairable accidental damage. £1,000 in the case of total loss. What are the exclusions? Third party claims, paint spillage and over-spray, damage caused by non-observance of daily maintenance¹, inadequate security², use by untrained operators³, or any gross negligence4 Theft by hirer, third party claims, paint spillage and over-spray, damage caused by non-observance of daily maintenance¹, inadequate security², use by untrained operators³, and any gross negligence4 What does it cost? Only 10% of your hire charge, billed on the hire invoice. Only 20% of your hire charge, billed on the hire invoice. How do I register? Simply tick the AFI Damage Waiver Scheme box in the AFI ALLRISK PLANT COVER PLAN section. You need to do nothing further; all accounts receive AFI ALLRISK unless you confirm that you have your own 'hired -in plant' insurance or tick the box on the first page of the application form.
Important
You will continue to be bound by the terms and conditions of the Construction Plant Hire Association’s Model Conditions for the Hiring of Plant (with effect from July 2011) as amended from time to time.
Definitions
(1) Daily and weekly equipment checks on batteries etc.
(2) Safe storing of the equipment when not in use.
(3) Trained operators being defined as suitably qualified operators to IPAF/CITB standards.
(4) Exclusions
(i) Damage resulting from negligence of hirer’s operators/employees/sub-contractors (Damage Waiver only)
(ii) Damage caused by over loading
(iii) Damage whilst using the machine other than for its designed purpose
(iv) Damage by fire when hot work is being undertaken
(v) Damage due to corrosion by chemicals
(vi) Damage whilst it is on hire/loan to/or used by any other party
(vii) Wilful damage
We confirm that we have insurance cover that protects us against loss or damage to the hired out plant and equipment. We will arrange for you to be given an interest in the relevant policy. Although you will not be a party to our insurance policy and will not have any direct rights or action against our insurer's, our insurer's have nevertheless agreed with us that they will not exercise any subrogation rights that they may have against you to the extent that you have, as stipulated in the AFI 'All Risks' Plant Cover Plan, been given an interest in the policy by agreement with us.
*Cash Accounts will automatically be defaulted to AFI All Risk unless proof of own insurance is supplied.
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