You are responsible for the container and any damage to it during your rental period and your credit card may be charged to cover any damage. A typical container replacement cost is approximately $7,500, when you factor in loss of use, shipping, labor, and administrative fees. Even if you have homeowners or renters insurance, youstill are required to purchase the Container Damage Protection for a nominal monthly cost. It will potentially save you a load of money and give you peace of mind at the same time. And the deductible is only $500, much less than the $1,000 or $5,000 deductible typical of a homeowner’s insurance policy. Plus, you won’t risk having a claim lead to higher premiums from your insurance company.