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In its latest S-1 filing from November, the company revealed that by the end of September 2024, Turo hosts had earned $4.8 billion from rentals and that there were 350,000 vehicles available for ...
A commonly required liability insurance is $25,000/$50,000/$25,000. Here's how it breaks down: $25,000/$50,000 for personal injury (PI) liability.
This coverage, however, cannot apply to rental cars because the insurance company does not want to assume responsibility for a claim greater than the value of the insured's vehicle, assuming that a rental car may be worth more than the insured's vehicle. Most rental car companies offer insurance to cover damage to the rental vehicle.
Turo Inc. is an American peer-to-peer carsharing company based in San Francisco, in the United States.The company allows private car owners to rent out their vehicles via an online and mobile interface in four countries (the United States, Canada, United Kingdom, and Australia) [4] and new corporate owners to rent out their cars in France in addition to the four previous countries.
Damage waiver (DW) or, as it is often referred to, collision damage waiver (CDW) or loss damage waiver (LDW) is a term that can be included or purchased as an option in a car rental agreement, by which the rental company waives the right to pursue compensation from the renter if the vehicle is damaged or stolen. [1]
Rising car insurance costs coincided with more people returning to work -- and to the roads -- in the aftermath of the COVID-19 pandemic. With the lofty price of cars, their maintenance and their...
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