Loss Damage Waiver (LDW)
The LDW is the industry standard in the tool and equipment rental space. Whilst normally mandatory, Sabre Rentals is introducing this as a completely optional service. The LDW is a form of protection against unexpected expenses that can arise during the use of rental equipment and allows individuals and companies to minimize their exposure to costly bills. It may be particularly helpful in the event that a loss is less than a company’s private insurance deductible.
For equipment that has been stolen, LDW customers are only responsible for 10% of the manufacturer’s suggested list price. It is the customer’s responsibility to pay the LDW fee and comply with the terms stated in rental agreement, including filing a police report within 48-hours of discovering the theft.
Where incidental or accidental damages occur, LDW customers are only responsible for 10% of the total repair costs including parts, labour, and freight. The LDW is an excellent form of protection against the unexpected expenses that arise during the use of rental equipment.
Rental Downtime Cost
LDW customers are protected from the costly ongoing rental charges that accrue on damaged equipment while it is being repaired. These charges apply while the equipment is undergoing active repair and while awaiting parts delivery.
To decline the LDW, please complete the LDW Opt-Out Form.