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The Uber of daily car rentals has two more insurer partners
Turo was first introduced to the Canadian market in April 2016
Staff on July 13, 2016
La Capitale General Insurance and L’Unique General Insurance’s customers will be able to rent out their cars through car marketplace Turo.
The company, which allows car owners to rent out their cars to travellers or other interested customers, and was first introduced to the Canadian market this April.
Intact Insurance and belairdirect already provide auto liability insurance and 24-hour roadside assistance for the car-sharing organization.
Read: The Uber of daily car rentals has insurance
The insurance companies have modified their internal guidelines to allow more policyholders to rent out their cars via Turo.
“This decision by La Capitale Financial Group points to the fast growth of Turo in Canada and the willingness of Canadian car owners to turn their cars into earning engines,” Cedric Mathieu, director of Canada for Turo, said in a release. “This is an important milestone in our journey to put Canada’s 23 million cars to better use and a strong signal that the insurance world is adapting to new consumer behaviours.”
“It’s exciting to be at the forefront of the expansion of the sharing economy. We’re thrilled to evolve our policies to allow our customers to join the Turo community,” said François Dumas, vice-president of La Capitale.
Read: Insurance for the sharing economy
The Uber of daily car rentals has two more insurer partners
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