KitSplit, the Camera Rental Marketplace, Announces the Most Affordable Instant Camera Gear Rental Insurance

LOS ANGELES, June 1, 2018 /PRNewswire/ -- KitSplit (https://kitsplit.com/), the camera and gear rental marketplace startup, announced today at CineGear Expo LA that it has teamed up with Heffernan Insurance Group's InsureMyEquipment.com to offer the KitSplit community a new affordable, online insurance program for gear rentals. The program, called KitSplit Instant Insurance, is backed by OneBeacon Insurance Group, and enables visual content creators to purchase gear rental insurance online at the lowest rates in the industry.

The KitSplit Instant Insurance program, slated for launch in June 2018, includes comprehensive gold standard coverage for gear over $10,000 in value, with premiums starting at $125 for short term insurance—by far the lowest rates in the industry. (For gear under $10,000, KitSplit provides an instant damage waiver program starting at $5). The system is fully automated, enabling KitSplit renters to purchase insurance instantly. Premiums are quoted based on the value of the gear rented and the length of the rental. Renters can purchase insurance for as little as one day or as long as a full year of coverage.  Coverage is bound instantly and available 24/7.

KitSplit's proprietary 40 point risk vetting system ensures that only trustworthy professionals will have access to the insurance program, which reduces risk and costs. That combined with the scale of KitSplit's community means that Heffernan Insurance Group was able to develop the lowest premium rates available for cameras and production gear rentals.

"The KitSplit Instant Insurance program is a major step towards our mission of enabling all visual content creators to access world-class gear and services," said Lisbeth Kaufman, KitSplit CEO and CoFounder.

"Heffernan Insurance Brokers is very excited to team up with KitSplit," said John A. DeFazio, CPCU ARM SVP & Practice Leader. "Our program offers visual creators a new and efficient way to deal with insurance so that they can focus on what they do best!"

The KitSplit Instant Insurance program is underwritten by One Beacon, a leading specialty insurance carrier. A subsidiary of Intact Financial Corporation. OneBeacon Insurance Group is rated A by A.M. Best.

About KitSplit
KitSplit (https://kitsplit.com/) is a quickly growing startup re-imagining the Hollywood production studio as a local marketplace. On KitSplit, the community of 30,000 filmmakers and production companies can safely and easily rent gear to and from each other.  Follow us on Facebook (https://www.facebook.com/kitsplitmarketplace/),Twitter ( http://twitter.com/kitsplit), and Instagram (https://www.instagram.com/kitsplit/).

Contact: Kristina Budelis, [email protected]

Images: https://bit.ly/2kJeZzc

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SOURCE KitSplit