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What does everything mean on my certificate of Insurance?
Rented Equipment Coverage: This is your coverage amount for rented equipment. You will need this number to be higher than the combined replacement value of all equipment.
Deductible: In case of an insurance claim, you will be responsible for this amount. So if you have a deductible of $500 and file a claim for $1300, insurance will only pay for $800.
Theft From an Unlocked Vehicle: Some policies include a clause that they will not cover theft from an unlocked vehicle. We require this clause to be removed. We know that you are smart and would never leave expensive equipment in an unlocked vehicle, but you can’t be everywhere at once. PA’s can be inexperienced and accidents can happen. So we need to be covered.
Certificate Holder: Production Junction will need to be listed as the certificate holder and loss/payee:
Production Junction
266 E 10th, Lower Level
New York, NY, 10009