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Turo cars are typically owned by private individuals, are they not? (It's like Airbnb for cars.) Gotta suck to be the owner of one of those trucks. Both from an

Turo cars are typically owned by private individuals, are they not? (It's like Airbnb for cars.) Gotta suck to be the owner of one of those trucks. Both from an insurance standpoint (are terrorist acts covered?) and also as a "this one time I rented out my car on Turo" story... especially the New Orleans truck owner :/

kube-system 2y ago
There's also a lot of small business type operations on there that have a dozen or so cars. Like Airbnb, many folks are buying assets just to rent them out.
- afavour 2y ago
  I’ve never considered it before but buying a Cybertruck to rent out short term is probably a good money spinner in Vegas.
  - drewnick 2y ago
    There’s quite a bit of competition actually. I was going to rent one on a recent trip and there were about 20 cyber trucks available as low as $100 per day.
NewJazz 2y ago
Insurance won't typically cover your car if you rent it out via Turo.
- solardev 2y ago
  Turo offers their own primary insurance, but not sure if it would extend to events like this.
- deleted 2y ago
  [deleted]
- senectus1 2y ago
  Insurance also doesn't cover acts of terrorism... the owners of those cars are screwed.
  - drivingmenuts 2y ago
    Recently saw a news piece where insurance companies are dramatically jacking up the insurance rates for Cybertrucks. If so, they're really getting screwed.
    - solardev 2y ago
      Can't Musk just regulate that away now that he pretty much controls the government?
      - jerlam 2y ago
        I'm sure you were making a joke, but I'll answer anyway: probably not, since insurance is regulated on a state level. Although it might be better in the long term, federal regulation governing vehicle insurance would probably be unconstitutional as well as opposed by the states as well as the insurance companies themselves.
- r00fus 2y ago
  I used Turo to test a bunch of EVs a while back - I just priced in the Turo added insurance since mine didn't cover Turo (apparently Progressive does). We had a bunch of tough requirements so the deep investigation panned out nicely - only spent a couple of thousand and got to road trip with several nice vehicles and family had a strong favorite which we bought (used). I'm fairly sure people who rent the cars on Turo need a specific insurance program but not sure if they cover these kinds of events.

kube-system 2y ago

There's also a lot of small business type operations on there that have a dozen or so cars. Like Airbnb, many folks are buying assets just to rent them out.

afavour 2y ago
I’ve never considered it before but buying a Cybertruck to rent out short term is probably a good money spinner in Vegas.
- drewnick 2y ago
  There’s quite a bit of competition actually. I was going to rent one on a recent trip and there were about 20 cyber trucks available as low as $100 per day.

NewJazz 2y ago

Insurance won't typically cover your car if you rent it out via Turo.

solardev 2y ago
Turo offers their own primary insurance, but not sure if it would extend to events like this.
deleted 2y ago
[deleted]
senectus1 2y ago
Insurance also doesn't cover acts of terrorism... the owners of those cars are screwed.
- drivingmenuts 2y ago
  Recently saw a news piece where insurance companies are dramatically jacking up the insurance rates for Cybertrucks. If so, they're really getting screwed.
  - solardev 2y ago
    Can't Musk just regulate that away now that he pretty much controls the government?
    - jerlam 2y ago
      I'm sure you were making a joke, but I'll answer anyway: probably not, since insurance is regulated on a state level. Although it might be better in the long term, federal regulation governing vehicle insurance would probably be unconstitutional as well as opposed by the states as well as the insurance companies themselves.
r00fus 2y ago
I used Turo to test a bunch of EVs a while back - I just priced in the Turo added insurance since mine didn't cover Turo (apparently Progressive does). We had a bunch of tough requirements so the deep investigation panned out nicely - only spent a couple of thousand and got to road trip with several nice vehicles and family had a strong favorite which we bought (used). I'm fairly sure people who rent the cars on Turo need a specific insurance program but not sure if they cover these kinds of events.