Vehicle Damage and Idle Time Compensation

1. Damage to Vehicle:

In the event that the rented vehicle is damaged while in the possession of the renter, whether due to an accident, negligence, or any other cause not covered by insurance, the Renter is responsible for all repair costs necessary to restore the Vehicle to the condition it was in prior to the rental period, subject to reasonable wear and tear.

2. Reporting of Damage:

The Renter agrees to report any damage to the Vehicle immediately to the rental company “Bohol Car Rental”, no later than 24 hours from the occurrence of such damage.

3. Repair and Assessment:

Upon return of the Vehicle, or at the time damage is reported, the Company will assess the damage and provide an estimated timeline for repair and a cost estimate within 72 hours. The Company reserves the right to select a qualified repair service to restore the Vehicle to its pre-rental condition.

4. Idle Time Compensation:

While the Vehicle is undergoing repairs and is not available for rent (“Idle Time”), the Renter shall compensate the Company for loss of income. Idle Time compensation will be calculated starting from the day the Vehicle is scheduled for repair until the day the Vehicle is once again available for rental purposes.

5. Calculation of Idle Time Compensation:

The daily compensation rate for Idle Time will be equivalent to the daily rental rate of the Vehicle at the time of rental. This rate will be multiplied by the number of days the Vehicle is out of service.

6. Payment of Repairs and Idle Time Compensation:

60% downpayment on or before the vehicle repair starts. The 40% remaining balance due from Renter for repairs and Idle Time compensation shall be payable within 3 days of the completion of repairs. The Renter agrees that this sum may be charged to the Renter’s credit card on file, or alternatively, paid via another agreed-upon method of payment.

7. Insurance Claims:

If an insurance claim is filed and such claim covers all or part of the costs of repair and/or Idle Time compensation, the Renter will only be responsible for payment of costs not covered by insurance, including any deductibles.

8. Limitation on Liability:

The Company’s recovery from the Renter is limited to direct damages only. In no event shall the Renter be liable for any indirect, special, or consequential damages arising out of or in connection with damage to the Vehicle.