The LensCap protection plans are optional add-ons that limit your liability in the case of a covered event causing damage or total loss of products on your rental.

Simply, if a covered event occurs to equipment protected by a LensCap plan, the most you’ll pay is 10% of the replacement cost of the total insured value of the equipment                                                       

In some cases, the cost to repair the equipment is less than 10% of the replacement cost. If that is the case, you would just owe the cost to repair.