You can now get affordable instant insurance quotes when renting gear with KitSplit. Insurance has always been an issue with renting gear as you want to know you have enough insurance to cover the whole value of the package as well as having a clear understanding of what is and isn’t covered.
KitSplit has partnered with Heffernan Insurance Group and claims to offer insurance prices 40% lower than its competition. With premium prices starting at $125 for short-term insurance for gear over $10,000 or as low as $5 for gear under $10,000, KitSplit aims to simplify the process of adding insurance to gear rentals.
The system is fully automated, enabling KitSplit renters to purchase insurance in minutes. Premiums are quoted instantly based on the value of the gear rented and the length of the rental. Renters can purchase insurance for as little as one day or as long as a full year of coverage.
A single policy can cover multiple rentals and can be extended or increased based on the renter’s needs. Coverage is bound instantly, 24 hours a day, seven days a week. KitSplit’s proprietary 40 point risk assessment and vetting system ensures that only trustworthy professionals will have access to the insurance program, which reduces risk as well as costs.
Comparing Apples with Apples
While comparing any type of insurance can get complicated, ShareGrid has done a comparison between their own service, LensRentals, BorrowLenses & KitSplit with a handy explanation of the differences between the different types of coverage and policies. Worth a read if you rent gear often from any gear rental platform.
In the end, it comes down to you as the renter to decide which platform and insurance cover is best for you and the job at hand.
Do you use KitSplit or any other crowd-sourced gear rental platforms often? let us know about your experience.
