How does insurance on the ride equipment works?

Insurance requirements:  Uncertainty around how insurance on the ride equipment works, considering both the lease and gifting stages.

During the lease period with Workride, participants hold legal possession of their selected ride equipment and are advised to secure comprehensive insurance to protect against potential risks, including damage or theft.

It is important to inform the insurance provider about the replacement value of the equipment.

 This is to ensure that the coverage adequately reflects its value and safeguards the participant's interest throughout the lease duration.

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