ModSpace insurance services are designed to minimize risk, protect your assets and give you peace of mind when you need it most.
With the confidence and security of a loss protection policy, your project and your business can stay on track, even when things don’t go as planned.
ModSpace offers a powerful combination of insurance products designed to fit your unique loss-protection needs. Together, our Optional Commercial General Liability Insurance and Damage Waiver Option give you full coverage for your leased modular buildings at competitive rates.
ModSpace Insurance Program Advantages
- Fixed Premiums Set your budget for the duration of your lease.
- Per Building Advantage If an accident occurs with one building, it will not affect the premium paid for the other buildings.
- One-Check Payment Make monthly payments with just one check.
- Pay for Usage Only Coverage starts and stops automatically with rental or lease of building.
- Less Hassle Report claims with just one phone call to your supplying branch.
- Reduces Downtime Waiting for paperwork costs you time and money.
Optional Commercial General Liability*
Covers third-party liability arising from the use, occupancy and/or maintenance of your leased modular building.
- Actual insurance
- Covers operating lease agreements including multi-building complexes and classrooms
- Fulfills your contractual obligation to carry Commercial General Liability Insurance for leased buildings of up to $1 million per occurrence, and a $2 million annual aggregate
- Protects you against third-party liability claims for bodily injury and property damage
- Includes third-party medical payment coverage up to $5,000 per person, per occurrence
- No deductible. First dollar coverage for losses covered under the policy
Damage Waiver Option*
Avoid insurance rate increases and large out-of-pocket expenses with our peace-of-mind in-house waiver.
- Covers direct physical damage to the modular building and attachments leased from ModSpace.
- Waiver is not an insurance policy. It is an alternative to your contractual obligation to carry Property Physical Damage coverage.
- Relieves you of financial responsibility above $1,000 for direct loss or damage to the leased building.
- Low deductible of just $1,000 per occurrence per building
*Offered for US customers only. Some restrictions may apply. Contact your local ModSpace sales representative for details.