Turo offers a platform for car owners to rent out their personal vehicles, leaving many wondering about insurance coverage in case of accidents or damages. Turo provides liability insurance up to $1 million for owners, but does this suffice? What role does AAA play in this scenario?
Attorney David Leroy explains that a $1 million policy generally covers most potential losses for vehicle owners renting through Turo. This includes extreme cases like vehicle seizure due to illegal activities by the renter, although the owner would likely have a legal defense or be covered by the policy.
However, questions arise regarding driver injuries exceeding the $1 million coverage. Leroy suggests that while insurance should cover injuries, the owner might face exposure if damages exceed the policy limit. He adds that a typical personal auto policy might not cover commercial renting activities.
Before renting a Turo vehicle, AAA recommends a thorough inspection. Matthew Conde from AAA advises checking tire treads, windshield wipers, fluid leaks, and battery terminal corrosion. This precaution helps ensure a safe and reliable rental experience.
Ultimately, consulting with both a lawyer and your insurance provider before renting out your vehicle through Turo is crucial. This ensures you understand your coverage and potential liabilities. While Turo offers substantial liability coverage, it’s essential to clarify whether your personal AAA policy extends to commercial rental activities or if supplementary coverage is necessary. Understanding these nuances safeguards both the car owner and the renter.
