Insurance for Turo Hosts: What to Know Before You Rent a Car

Renting a car through the popular app Turo is an attractive option for travelers, as it is often cheaper than a traditional rental car company. However, when renting a car, it is important to understand the insurance coverage that is available. Turo offers a variety of insurance options for hosts, but do you know which one is right for you?

Types of Insurance Offered by Turo

Turo provides several different insurance options for hosts, including liability coverage, collision coverage, and supplemental liability insurance. Liability coverage is the most basic type of insurance that Turo offers and covers any damage caused to third parties in the event of an accident. This coverage is mandatory for all Turo hosts, and the amount is determined by the state and country the car is being rented in. Collision coverage, on the other hand, covers any damage caused to the vehicle itself. This coverage is optional, but it is recommended for hosts who are renting out their own personal car. Finally, supplemental liability insurance is an additional layer of protection that covers any additional damages caused by the host or the renter. This coverage is also optional, but it is recommended for hosts renting out expensive cars or cars that have a high risk of damage.

Things to Consider When Choosing an Insurance Option

When choosing an insurance option, it is important to consider the value of the car being rented, the rental period, and the renter's driving record. For example, if the car being rented is an expensive luxury vehicle, then it would be wise to opt for the collision coverage. Similarly, if the rental period is longer than a few days, it might be wise to opt for the supplemental liability coverage in order to protect yourself from potential damages. Finally, it is important to check the renter's driving record before approving their rental request, as this can help you determine the risk of an accident occurring.

Additional Coverage Options

In addition to the insurance options offered by Turo, there are also some other coverage options that can be purchased. These include gap coverage, which covers the difference between the actual cash value of the car and the amount owed on the loan or lease, and mechanical breakdown coverage, which covers repair costs for mechanical issues. These coverage options are not mandatory, but they can provide additional peace of mind for hosts who are renting out their vehicles.

Conclusion

Renting a car with Turo is a great way to save money while traveling, but it is important to understand the insurance options that are available. Turo offers several different types of insurance, including liability, collision, and supplemental liability coverage. Additionally, there are some additional coverage options that can be purchased, such as gap coverage and mechanical breakdown coverage. By understanding the different insurance options available, hosts can make sure that they are adequately protected in the event of an accident.