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Antbuildz Rental Protection
Did you know? You are usually not covered by insurance when you rent any equipment in Singapore. This puts you at risk of financial losses arising from equipment damages.
Accidents can happen in a split second, and the cost of repairs or replacements can easily wipe out months of hard-earned profits. We understand the risks associated with equipment usage and are pleased to introduce Antbuildz Machinery All Risk to all our users.
This customized insurance product is designed to protect our users from any major equipment risks throughout the entire rental duration.
Rent with Peace of Mind
S$15,000 Rental Protection for first loss coverage.
Protection of rented equipment from start till end of rental duration, as short as one day.
Compulsory coverage for every rental made with Antbuildz.com.
Insurance Coverage
What is covered
Accidental loss or damages whilst in use
Theft and/or vandalism
Damages due to fire, bad weather or natural disasters
Damages due to loading and unloading from transportation
What is not covered
Ordinary wear and tear
Pre-existing faults or defects
Unexplained loss or damage
Self-combustion
Insurance Claim Process
Step 1: Notify Antbuildz Team within 24 hours of incident
Step 2: Submit an incident report with photographs within 7 days
Step 3: Insurance Partner will assess and advise
Have more questions?
When will Antbuildz Machinery All Risk be effective?
Starting from 1 Jan 2021, all new rentals and rental extensions made on Antbuildz.com will be covered under Antbuildz Machinery All Risk.
Do I need to do anything to get covered when making rental reservations?
No, every rental made via Antbuildz.com will be automatically covered as per Antbuildz Machinery All Risk terms and conditions. It’s hassle-free!
Do I need to pay for the Antbuildz Machinery All Risk coverage?
No, Antbuildz.com is currently subsidizing the cost of coverage for all our users during the entire rental duration.
What is the maximum coverage of Antbuildz Machinery All Risk?
Antbuildz Machinery All Risk cover users up to S$15,000 of first loss coverage. Minimum of 10% or S$2,500 deductible, whichever is higher.
Will I receive any documents for the Antbuildz Machinery All Risk coverage?
Yes, a legal insurance cover note will be issued to you upon confirmation of rental.
When will the Antbuildz Machinery All Risk coverage start and end?
The Antbuildz Machinery All Risk coverage will start upon signing of delivery order and end upon signing of redelivery order of equipment.
Why is insurance so crucial for your equipment rentals?
Protect your risk during rental from unforeseen accident damages. Find out more by reading our previous blog.
Learn More
Earn additional income with your idling equipment
Struggling with your under-utilized equipment/assets? List it and rent them out with Antbuildz.com in just a few clicks!
Be Our PartnerAntbuildz Machinery All Risk is subject to certain terms, conditions and exclusions. To learn more, click here
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