The Lessee must provide Motion Picture Services, Inc. with RENTAL EQUIPMENT FLOATER POLICY written on ACORD Certificate of Insurance form, providing REPLACEMENT COST coverage with respect to the leased equipment, in the amount of leased equipment value requested and determined by Motion Picture Services, Inc.

The Certificate of Insurance must name Motion Picture Services, Inc. as ADDITIONAL INSURED on the General Liability and LOSS PAYEE on the Rental Equipment Policy, providing Motion Picture Services, Inc. with COMMERCIAL GENERAL LIABILITY POLICY in the amount of no less than $1,000,000.

The Policy has to be presented to Motion Picture Services, Inc. prior to the equipment leaving the Motion Picture Services, Inc. office and to be enforced until the equipment is returned to the Motion Picture Services, Inc. office.

The Production Company, in conjunction with their Insurance Company, is responsible for the full value of the equipment from the time the equipment leaves Motion Picture Services, Inc. premises to the time the equipment is returned to Motion Picture Services, Inc. including losses in shipping and messenger services.

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