Primary Coverage Requirement

All ZEVO hosts must maintain primary coverage on their vehicles. You'll need to ensure that you have personal or commercial insurance meeting your state's minimum requirements for liability, comprehensive and collision. They key highlight here is making sure you maintain comprehensive and collision coverage.

When your vehicle is rented through ZEVO, our policy provides what is known as “secondary” coverage for the duration of the rental. When a renter books your car, our system will automatically generate an insurance card in the renter's name. This card will be available for them to download from their booking page and upload to any rideshare platform they work with.

<aside> IMPORTANT: Primary coverage is required as a ZEVO Host otherwise claims will be denied. Any damages that occur during a ZEVO rental will not be reflected on your primary coverage policy but due to insurance compliance and regulation you must maintain primary coverage at ALL times. This coverage MUST have comprehensive, collision, and liability coverage.

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Obtaining insurance for vehicles used in carsharing can be expensive,and Teqmobility Off-Rent coverages offer affordable solutions. This type of insurance provides peace of mind by ensuring your car is protected during non-rental periods, allowing hosts to maintain comprehensive coverage while keeping costs manageable.

Teqmobility Off-Rent Insurance Highlights

• Who is it for: Hosts
• Coverage: Teqmobility Off-Rent insurance protects your vehicle when it is not being rented out by a Driver. This policy covers your vehicle when it's on your lot, in route to a delivery, or being transported.
• Coverage Types:
  • Comprehensive Coverage: Protects your fleet against unexpected events when vehicles are not rented.
  • Collision Coverage: Covers business-related accidents such as taking the vehicle for maintenance or to the gas station.
  • Catastrophic Coverage: Provides protection against hurricanes, hailstorms, fires, and floods.
  • Storage & Theft Protection: Protects your vehicles from damage or theft while not in use.
• Why TeqMobility for Off-Rent?
  • Simple Technology: They create your software account for you to easily manage your inventory.
  • Transparent Billing: Monetize itemized invoices for your fleet.
  • Self-Serve Capability: As you sell or buy vehicles, you can easily update your inventory so your coverage and billing remains accurate.
• Key Feature: Off-rent coverage is an industry leading primary coverage that ensures your vehicles are compliant and protected when not rented.
• Availability: Currently available in AZ, CA, IL, MD, GA and TX.

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Click here to contact Teqmobility today to get your Off-Rent coverage quote!

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