What Is The Insurance Cost In Turo
Saturday, February 10, 2024
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What Is The Insurance Cost In Turo?
Understanding Turo Insurance
Turo is a car-sharing company that allows people to rent cars from individuals in their area. It’s a convenient way to get around without having to commit to buying or leasing a car. But when you rent a car, you need to be sure you’re covered in case of an accident. That’s why Turo requires you to have insurance.
Turo provides two types of insurance: primary and secondary. The primary coverage is paid for by the host (the person renting out the car). The secondary coverage is paid for by the guest (the person renting the car). Both coverages are provided by a third-party insurance company.
How Much Is The Insurance Cost?
The cost of the insurance depends on a few factors. First, the cost depends on the type of car you’re renting. Turo covers vehicles with a value of up to $75,000. The cost of insurance for a car with a higher value will be higher than a car with a lower value.
Second, the cost of insurance depends on the duration of the rental. The longer you’re renting the car, the more expensive the insurance will be. Finally, the cost of insurance depends on the type of coverage you choose. If you opt for the primary coverage, you’ll pay more than if you opt for the secondary coverage.
What Does The Insurance Cover?
The primary insurance coverage provided by Turo covers physical damage to the car, up to the value of the car. It also covers third-party liability for bodily injury and property damage. The primary coverage also covers towing and roadside assistance.
The secondary coverage provided by Turo covers up to the amount of the deductible, which is set by the host. It also covers third-party liability for bodily injury and property damage. It does not cover physical damage to the car.
What About Personal Injury Protection?
Turo also provides personal injury protection (PIP). This coverage is paid for by the host and covers medical expenses and lost wages for the guest and passengers in the event of an accident. It also covers funeral costs and death benefits, if necessary.
Do I Need To Buy Additional Coverage?
Turo provides comprehensive coverage for most situations. However, you may want to consider buying additional coverage if you’re renting a vehicle for a longer period of time or if you’re driving in a state that doesn’t offer PIP coverage.
Conclusion
Turo provides two types of insurance coverage: primary and secondary. The cost of insurance depends on the type of car you’re renting, the length of the rental, and the type of coverage you choose. Turo also provides personal injury protection coverage for guests and passengers. If you’re renting a vehicle for a longer period of time or driving in a state that doesn’t offer PIP coverage, you may want to consider buying additional coverage.
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