Prior to the events of 1 January, 2025, I had never heard of Toro TURO Rental.

This thread is only placed in here due to Toro's rental and association to the two attacks but, that's not the reason I'm asking the question.

TURO is apparently an international company that provides it's services to enable a renter to rent and drive another person's privately owned automobile. The more I thought about this, the more I wondered how any owner would consent to let an unknown person drive off in their personal vehicle and, can't imagine any insurance company knowingly covering any damage to that vehicle.

As it applies to the two horrific events taking place in New Orleans and Las Vegas, I have to assume those insurance companies will not be paying for the losses nor, the damages those vehicles incurred.

Anyone on this forum ever rented out their personal vehicle and if so, did your insurance company know about it?

Edited: I got the spelling wrong, the name of the company is TURO.

Rams

[This message has been edited by blackrams (edited 01-02-2025).]

Rams, my full coverage will cover any driver I let drive it. Perhaps thieves also just for liabilities my vehicles may cause. USAA.

That being said, I won't let my Wife drive the vehicles I choose to buy because I wanted them. Even though she owns them too. She can drive them over my dead body, . Well, not over it physically.

No, I have never heard of private car rentals. There are companies for that. Of which one can get insurance through them if their own insurance will not protect the renters liabilities. I think you are right. A private insurance policy would not be happy for commercial use.

Heck, I won't let anyone drive my tractor or my zero-turn mower if I'm not present and am very selective on who I allow to do that. No way will I let an unknown person drive any of my cages, trucks or ride any of my motorcycles. Just not going to happen! Honestly, I'm amazed people are willing to do that.

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Rams
Learning most of life's lessons the hard way. .
You are only young once but, you can be immature indefinitely.

[This message has been edited by blackrams (edited 01-02-2025).]

I have never rented my car, or rented a car from Turo. Nor am I a participant of the sharing economy of the internet ( I don't and have never used Air BnB or Uber, etc)

From what I see Turo pushes you can be owner of a car who rents or be the enter for different types of cars at different points ( ie a compact or exotic at a place other than an airport). If you have a car that sits you can turn it into an "asset" rather than a parked liability. Renters can get the different types of cars for lesser rates than at a rental agency.

In reality from what I gather "owners" buy cars multiple cars just for Turo These cars then get a lot fo rential miles quickly which translates to high depreciation. Often owners don't get commercial loans or commercial insurance so when an accident or other problem occurs they are in a hudge financial hole.
On the renter side you get folks who may have been banned by the regular chain rental companies due to bad driving records or non existent credit (ie no credit cards). Then these folks drive it like thet rented it!

To me it seems like a cesspool market place of bad owners and renters. Then the parent platform (Turo) takes a large % cut of the rental....and still rakes up losses like most "tech" companies, despite the more than healthy margin.

I'll stick with regular rental agencies (Avis, Dollar, Enterprises ) avoiding Hertz. The offer a pool of new cars ( less than 2 1/2 yo) twith backups for overbooking or mechanical issues.

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