Damage Waiver is an additional charge (8%) in equipment rental agreements that waives the right of a rental company, (Ultraquip Hire), to seek full compensation from the renter in the case of damage or theft. Waiver is an additional charge (8%) in equipment rental agreements that waives the right of the rental company, Ultraquip Hire, to seek full compensation from the renter in the case of damage or theft.  READ MORE