Trailer Damage Waiver
What is a Trailer Damage Waiver (TDW)?
• A cost-effective alternative to Physical Damage coverage from your insurance provider.
• A service that provides release from the responsibility to pay for loss or damage to our trailer arising from a covered collision, act of God or theft in excess of the TDW deductible.
• Our TDW is a damage waiver program and not insurance coverage. It does not cover personal injury, property damage, cargo, or other third-party liability.
What are the Benefits of TDW?
COST SAVINGS
The cost of TDW is often lower than Physical Damage, Collision, or Comprehensive coverage offered by insurance providers.
TDW rates are fixed for the term of the lease. Will your insurance provider do that? It’s worth taking the time to compare.
IMPROVED CASH FLOW
We simply invoice you monthly along with your lease charges instead of hitting you with a large annual insurance premium.
IN-HOUSE CLAIMS
Quick and easy settlement. Just pay your deductible and we handle the rest. Trailer values are always covered in full and you avoid an insurance claim and possible rate increase.
CONVENIENCE
TDW starts the day you pick up our trailer and ends the day you return it. No scheduling trailers for Physical Damage coverage or continuing to pay because you forgot to tell your insurance company you returned the trailer.
When Does TDW Apply and How Do I Make a Claim?
To make a claim, you must have selected our Trailer Damage Waiver, be current on all payments and in compliance with all lease agreement terms ad conditions. Notify R Leasing within 48 hours of the incident and provide a copy of the police report, operator's license/CDL and photos of the trailer damage and any additional information needed for R Leasing to process your claim.
THINGS THAT ARE
COVERED
• Damages resulting from a collision
• Trailer theft
• Destruction due to fire
• Acts of God (lightning, flood, windstorm, hail, earthquake)
• Vandalism in excess of the TDW deductible
• Claims within the Continental United States
• Trailer values are always covered in full
• Lease/Rental use charges cease once the deductible is paid
THING THAT ARE NOT
COVERED
• Tire and wheel theft or damage, unless part of a collision claim
• Trailer upset due to load shift or improper operation
• Trailer damage resulting from improper loading or unloading
• Damage caused by the hauling of hazardous materials
• Damage resulting from failure to properly maintain the trailer
• Towing and storage fees
• Damage from impact with low bridges
• Unlawful operation or use of unlicensed or improperly licensed drivers