Film, photography and production equipment rental marketplace ShareGrid has introduced a $20,000 owner's guarantee that covers all equipment against damage, theft, loss and fraud, including voluntary parting (theft by the renter).

‘Our goal has always been to make ShareGrid the safest way to rent your equipment to other people, and today we’re excited to offer even more protection to our users’ said Marius Ciocirlan, co-founder and CEO of ShareGrid. ‘For years, we’ve been the only marketplace to offer instant coverage against Voluntary Parting. With the ShareGrid Owner Guarantee, we’re taking this a step further and including protection against voluntary parting automatically. Best of all, it’s completely free for all our members.’

‘Voluntary parting’ or theft by the renter is typically not covered in the rental industry but is luckily also extremely rare. ShareGrid says only one in 10,000 rental transactions are affected, thanks to heavy investment in security technology and personnel. At 0.02 percent ShareGrid competitor KitSplit's voluntary parting rate is double that of ShareGrid's but still very low in absolute terms.

ShareGrid's Owner Guarantee offers protection for all rentals of equipment up to $20,000 in value and is included automatically. Terms are very similar to KitSplit's equivalent policy but ShareGrid does not have the latter's 20 percent deductible, making it the slightly more attractive offer.