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0.02% of rentals is also not 0.02% of gear value rented. I'd assume "voluntary parting" would occur on the higher value rentals.

> Or are you saying that they're lying about the 0.02%?

Yep. Because otherwise they would pay out.

Likely. And even if they weren’t lying, admitting full liability would be an incentive to fraud (arrange for your kit to be “stolen” by a co-conspirator, then collect the reimbursement) so you would probably see that percentage soar.

Remember that they are filing police reports against your co-conspirator and sending collections agencies to get the money back.

If you wanted to commit insurance fraud, you wouldn't get a third party involved (with some vetting process and photos), too much effort, leaves too much of a paper trail, etc.

You'd just smash a window or kick in a door then file a police report then an insurance claim.

Most rentals are probably less than $4,000 and the high value rentals are the ones most likely to get stolen.