Avoid Making This Huge Mistake When Signing Up For Car-Sharing Apps

Hey guys, this is Jason here with 303 Insurance Brokers, and I’ve got a super important insurance tip of the day for you. Summer’s coming, and COVID is going away as much as it is. We’re getting the vaccine, herd immunization, all those great things and people are going to travel like crazy this summer.

Renting Out Your Car To Earn Money

I’ve also heard it’s very hard to get rental cars, the rental car companies this year, for whatever reason. So there’s a lot of things out on the marketplace. Car-sharing apps like Turo and Zipcar, where you may be, have the idea of renting your car to others to make a little bit of money, and that’s a great idea, but make sure you understand how your insurance works with it.

Signing Up To Car-Sharing Apps

A lot of insurance companies, as soon as you sign up for a ride-share service, car-sharing apps, like Turo, will void your policy. They want nothing to do with them. Make sure you have understand if your carrier is OK with you using it or not OK with you using it. For an example, I’ve got. Two carriers that are OK with Turo, with the Turo risk, I’ve got two that are not, and they are not eligible to write policies with them.

Huge Mistake to Avoid

So it’s a super important thing to understand. The last thing you want to do is try to make a couple of bucks renting out your vehicle, your extra vehicle on Turo, and then find out that you may avoid voided or violated your entire car insurance policy.

So, if you have any questions on how things work, whether it’s ride share like Uber, delivery like Uber eats or things like Turo. I take a lot of time to educate my clients on the best way of protecting their assets while they try to make some money using their personal vehicles.

I’m Jason. So a 303 Insurance Brokers, and you have a wonderful day.