Loss Damage Waiver
Protect Your Investment with Peace of Mind
When leasing a container from Conexwest, you may elect to add our Loss Damage Waiver (LDW) for a low monthly fee. The LDW reduces your financial responsibility for certain covered losses or damages to your leased container.
What is the Loss Damage Waiver (LDW)?
The LDW is an optional contractual waiver that limits your financial liability to Conexwest for physical damage to the leased Unit caused by certain covered events during the lease term.
The LDW is not insurance and does not provide liability coverage or coverage for your contents.
Covered Events
Subject to the terms, conditions, and exclusions of the LDW agreement, covered events may include:
- Fire
- Windstorm
- Lightning
- Tornado
- Hurricane
- Flood
- Hail
- Smoke
- Earthquake
- Explosion
- Collision caused by a third-party vehicle
Coverage Period
LDW coverage is effective 24 hours a day, 7 days a week during the active lease period, provided all Charges (including LDW fees) are current.
Eligibility
All Conexwest lessees are eligible to elect LDW coverage at the time of lease or as otherwise approved by Conexwest.
Key Benefits
- Reduced Financial Exposure
Limits your out-of-pocket cost for covered damage to the Unit. - Simplified Resolution
Avoids the need to pursue insurance claims for covered damage to the Unit. - Predictable Risk Management
Helps manage unexpected repair or replacement costs.
Important Limitations and Exclusions
The LDW:
- Does not cover loss or damage to contents stored in the Unit
- Does not cover theft, mysterious disappearance, or intentional acts
- Does not cover misuse, negligence, unauthorized modifications, or improper loading
- Does not apply if you are in default under your lease
- May include a deductible or capped liability amount, as specified in your agreement
Important Notice
The LDW is not insurance and does not replace your obligation to maintain appropriate insurance coverage.
You remain responsible for all loss or damage not expressly covered by the LDW agreement.
Full Terms
This is a summary only.
Complete terms, conditions, deductibles, and exclusions are set forth in the Conexwest Loss Damage Waiver Agreement, which is incorporated into your lease upon enrollment.