Rental Equipment. If the “Declaration Page” shows the Contractor’s Tool and Equipment Coverage - Broad Form (CMF-0010-0715) has been purchased this Additional Agreement provides coverage for contractor’s tools and “equipment” of any kind which may be rented, leased or borrowed by the Insured from others for up to 30 (thirty) days from the time such property comes in to the custody of the Insured. This coverage is subject to the terms and conditions of the Contractor’s Tool and Equipment Coverage - Broad Form (CMF-0010-0715) including Condition a (Deductible). There will be no coverage under this Additional Agreement unless: a) an accurate written record of all “equipment” rented for up to 30 (thirty) days is kept by the Insured showing the acquisition date, description and actual cash value of each piece of “equipment” rented; and b) access to these records are provided to the Insurer or their duly appointed representative, when required as it relates to coverage on this insurance Policy.
Appears in 5 contracts
Samples: Insurance Agreement, Insurance Agreement, Insurance Agreement
