STUDIO 20 LLC – EQUIPMENT INSURANCE REQUIREMENTS
To protect Studio 20 LLC and its equipment inventory, all renters must satisfy one of the following requirements prior to equipment release.
These requirements apply to all equipment rented for use on-premises or off-sit
1. Certificate of Insurance (Preferred for Higher-Value Rentals)
Renter must provide a valid Certificate of Insurance (COI) that:
• Names Studio 20 LLC as Additional Insured
• Includes coverage for rented equipment
• Covers full replacement value of rented items
• Includes theft, accidental damage, and transit coverage
• Is valid for the full rental period
General Liability coverage alone is not sufficient.
The policy must include Inland Marine Coverage or Rented Equipment Coverage.
Studio 20 LLC reserves the right to request policy endorsements confirming equipment coverage.
2. Short-Term Equipment Insurance
Renter may obtain temporary rented equipment coverage from a licensed insurer covering the full replacement value of rented items.
Proof of coverage must be submitted and approved prior to equipment release.
3. Security Deposit Authorization
Renter may authorize a refundable security deposit equal to 100% of the total replacement value of rented equipment.• Deposit may be held on a credit card.• Deposit will be released following inspection upon return.• Deposit does not limit renter liability for losses exceeding the deposit amount.In the event of damage, loss, or theft, Studio 20 LLC reserves the right to charge the cost of repair or full replacement.
Equipment Value Thresholds
To balance operational flexibility with risk management, the following thresholds apply:
• Rentals under $1,500 — Security deposit required
• Rentals between $1,500 and $5,000 — Insurance or full replacement-value deposit required
• Rentals exceeding $5,000 — Certificate of Insurance or short-term Inland Marine coverage required
Studio 20 LLC reserves the right to require insurance at its sole discretion based on scope, duration, risk profile, or rental history.
Renter Responsibility
Renter assumes full responsibility for equipment during the rental period.
Equipment must:
• Not be left unattended in unsecured vehicles
• Be transported securely
• Be stored safely when not in use
Renter is responsible for any insurance deductibles resulting from damage or loss.
Definition of Replacement Value
Replacement value is defined as the current retail cost to replace equipment with new equipment of equal or greater specification at the time of loss.
Failure to comply with these requirements will result in cancellation or refusal of equipment release.