19 ms·
Is this “Voluntary Parting” nonsense specific to KitSplit or is this more widespead in the industry. Anyone know? For example when I rent my car thru Turo they
by skanga 8y ago
Is this “Voluntary Parting” nonsense specific to KitSplit or is this more widespead in the industry. Anyone know? For example when I rent my car thru Turo they say the same thing.
- astura 8y agoFrom what I can tell, "voluntary parting" appears to be an insurance term not a legal one. Basically, it's just an exclusion on insurance coverage - you experience a loss under these circumstances, we won't cover it. The author is confusing insurance coverage with the law and claiming it was "legally stolen," which is nonsense. Saw an article about a jewelry company gave a million and a half dollars worth of inventory to a fake armored car company and their insurance company denied the claim due to this exclusion and it was upheld on appeal, ouch. They say it's a standard exclusion >There are no gear rental insurance providers that cover voluntary parting when the renter purchases the policy. This treatment of voluntary parting is standard in the insurance industry and is not unique to KitSplit. (I'm guessing a policy that covers "voluntary parting" is cost prohibitive. I guess it sorta makes sense - otherwise you wouldn't have an incentive to vet anyone.) As an aside, I encourage everyone to always read their full insurance polic(ies), misunderstanding about insurance coverage is common.
- derwiki 8y agoI just watched an episode of Seinfeld where Jerry's car was stolen by his mechanic, but insurance wouldn't cover it because he gave the mechanic his keys (voluntary parting)
- shady-lady 8y agoKitSplit co-founder is HN user (kenamarit): https://news.ycombinator.com/user?id=kenamarit https://news.ycombinator.com/user?id=kenamarit They may care to weigh in.