Coverage: The damage insurance covers everything and anything that could possibly happen to the unit while it is in your possession. This comprehensive plan ensures that your credit card can never be charged for any damage that may occur.

Eligibility: Only individuals renting a fridge through AcademicRentals.com are eligible for this insurance.

Premium: The insurance premium is a flat fee of $19 for this valuable protection.

Liability: Since it is your card on file with us, you are financially responsible for the unit. Given the high traffic of young adults in and out of your room, most damage is often caused by someone else, not you. We strongly recommend this insurance to protect yourself from potential liability.

Claims Process: In the event of damage or loss, you must file a claim within 30 days. Contact our customer service team to initiate the claim process.

Documentation: Claims must be supported with relevant documentation, including photos of the damage and a written description of the incident.

Exclusions: The insurance does not cover damage due to intentional misuse or neglect.

Deductible: There is no deductible for this comprehensive insurance plan.

Limit of Liability: The maximum liability under this insurance is the replacement cost of the fridge, not exceeding $260.

Replacement: If the fridge is deemed irreparable, a replacement unit of similar make and model will be provided.

Termination: The insurance coverage is valid for the duration of the rental term. If the rental agreement is terminated early, coverage will terminate immediately.

Refunds: The insurance premium is non-refundable, except in cases where the rental agreement is cancelled before the fridge is delivered.

Responsibilities: The renter is responsible for taking reasonable precautions to protect the fridge from damage or loss.

Policy Changes: Terms and conditions are subject to change. Renters will be notified of any changes in advance.

Dispute Resolution: Any disputes arising from this insurance policy will be resolved in accordance with the laws of Ontario, Canada.

Contact Information: For claims, questions, or additional information, please contact our customer service team at info@academicrentals.com.