When equipment that is rented or borrowed is stolen by a third party it is considered THEFT and is typically covered under the renter's insurance policy. However, when equipment that is rented or borrowed is simply not returned it is considered FRAUD or THEFT BY FRAUD and it not covered by the renter's insurance policy. This is called VOLUNTARY PARTING OR CONVERSION.
At insuremyequipment.com we utilize Block Score which provides real-time identity verification. This has been very effective in identifying fraud. Insuremyequipment.com works very closely with the Production Equipment Rental Group of Entertainment Services & Technology Association..Nonetheless, if you are in the business of renting equipment we recommend that carefully follow the association's established rental standards to prevent fraud.