Excessive Damage Waiver Insurance acceptance or decline.

I [Buyer] accept the Excessive Damage Waiver Option and authorize Echappe Equipment [Seller] to charge my credit card for the applicable waiver fee prior to commencement of this rental.  On the basis of timely receipt of such payment, Seller waives any claim it may otherwise have against Buyer for unrepairable damage to the rented equipment exceeding reasonable wear and tear to the extent such damage occurs as a result of cycling-related activity during the rental period.  Buyer understands they are still responsible to compensate Seller for loss, damage occurring as a result of non-cycling-related activities or as a result of a failure to exercise reasonable care with the equipment, including failure to pack the equipment properly for return shipment.  If THEFT occurs, Seller must be notified with a copy of the filed police report as well as acceptable PROOF OF THEFT within 24 hours of the incident.  Failure to provide acceptable information whereby Seller’s insurance agency rejects such claims, Buyer assumes TOTAL LOSS whereby Buyer is responsible to compensate Seller for full replacement value.

Should I waive this optional fee, I therefore decline the foregoing the Excessive Damage Waiver Option and understand that I am therefore responsible for all damage that would otherwise be waived had I accepted same.