Fletcher Chicago

Fletcher Camera requires the Lessee to obtain adequate insurance coverage for the replacement value of the Equipment and for injuries to person or property resulting from the use or the possession of the Equipment during the Rental Period (until returned to Fletcher Camera).

The Lessee must provide a current Certificate of Insurance, issued by its Insurance Agent specifying:

• The name, address and phone number of the Agent or Producer
• The Lessee name must appear as the Named Insured
• The name of the Insurer (i.e. Insurance Company ) affording Coverage
• General Liability Limits of at least $ 1,000,000 per occurrence
• Fletcher Camera is named as an Additional Insured with regards to Liability Coverage.
• Fletcher Camera is named as a Loss Payee for full replacement cost with regards to Equipment.

Insurance covering leased equipment is generally noted in the Other Section on most Insurance Certificate Forms:

• The Type of Insurance is an Equipment Floater for Leased and Rented Property. Or it might be called Equipment Floater – Property of Others or bailees.
• The amount or limit of insurance -- should be for all of the rental equipment from all companies on the project (at replacement cost)
• Specify the amount of the deductible for the Leased and rented Equipment

The special provisions section must additionally specify:

• Coverage Form should be Special Form ( Not named perils). The was previously called All Risk
• The leased equipment is on a replacement cost basis
• Covers theft of equipment from locked cars
• Covers rented equipment in transit
• Worldwide coverage -- if necessary

An actual signature by the agent is required to certify the form

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