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Turo charges a trip fee, which is a percentage of the trip price and is variable, based on the value of the car, the duration of the trip, how far in advance you book and other factors. You’ll ...
Turo says that in the United States, it will reimburse hosts for eligible repairs up to the cash value of their car or $200,000, whichever is less. The host’s deductible depends on what ...
Losses and high costs are common for fast-growing tech companies, especially those that are not yet public. Turo has close to 1,000 employees and was valued at $1.5 billion in 2020, per PitchBook.
Turo Inc. is an American peer-to-peer carsharing company based in San Francisco, in the United States.The company allows private car owners to rent out their vehicles via an online and mobile interface in four countries (the United States, Canada, United Kingdom, and Australia) [4] and new corporate owners to rent out their cars in France in addition to the four previous countries.
Zipcar Charging Station in San Francisco, California. Shared transport or shared mobility is a transportation system where travelers share a vehicle either simultaneously as a group (e.g. ride-sharing) or over time (e.g. carsharing or bike sharing) as personal rental, and in the process share the cost of the journey.
The Turo app is like Airbnb for renting vehicles. ... It counts the number of active guests as those with at least one trip during the trailing 12-month period. Hosts who have rented their cars ...
Turo does not require renters to have personal coverage if the renter books a trip with a protection plan provided by Turo. Turo provides up to $750,000 in third party liability insurance from Travelers Insurance in the United States, up to $2 million in Canada, and up to £20 million in the UK, with 5 plans varying in vehicle protection .
Turo is also aware that its users could use host cars in a negligent (or criminal) manner, impacting the business. “We may be found to be subject to liability for the activities of hosts and ...