Becomes First Rental Marketplace to Offer Damage Waivers

PROTECTING YOUR GOODS Becomes First Rental Marketplace to Offer Damage Waivers  

LOS ANGELES, CA– Starting Thursday April 6, users of, the Airbnb or Uber for your 'stuff,' will have the opportunity to purchase comprehensive Damage Waiver coverage on the items they rent. is an online marketplace where users can list items to be rented, or rent items to use. It is the first rental marketplace to offer coverage for items that are rented through its platform.

“Building trust in a peer to peer marketplace is key to facilitate transactions between two people. 
We believe in going the extra mile to provide a safe and secured place for successful and happy transactions to happen, said CEO Elias Chavando. “We verify the identity of the people transacting in our platform, retain a security deposit from the renters and the now available Damage Waiver coverage provides extra peace of mind to our users.”

When listing an item on, owners set the fair market value of an item. A credit card authorization is placed on the renters’ credit for the stated market value and serves as a protection in case of theft or damage. Renters can now purchase damage waiver to cover repairs and incidentals. The Damage Waiver covers accidental damage to the items rented from

“With small deductibles and coverage of up to $7500 per item, owners will feel even more comfortable renting out their assets knowing that in case of damage, there is coverage that will pay for repairs or replacement,” said Chavando. is the only online and mobile marketplace where people can list items for rent to others. They have partnered with several rental businesses providing them with an inventory of thousands of items ready to be rented out. It is available online at and the mobile app is available for iOS on the iTunes store.