With all the new car rental services popping up, one thing you won’t see on many rental listings is auto rental company auto insurance coverage.
However, a new company has just launched a car rental company called Auto Rentals Insurance that will offer auto insurance on cars rented through its website.
The company, which launched last week, said its cars are equipped with an electronic stability control system that will prevent a crash if the vehicle is parked improperly, and is also equipped with a crash-avoidance system to help prevent collisions.
“Auto Rentals is committed to making the world safer for our customers and will provide auto rental companies with the most up-to-date, comprehensive and most reliable auto rental coverage available today,” said Adam Miller, CEO of Auto Rentings Insurance.
“We have been working closely with local authorities, insurance companies, and the general public on our car rental insurance policies, which will help ensure that our customers are protected and we can continue to provide them with the highest quality car rental service in the industry.”
The company, like others in the auto rental industry, is focused on offering coverage that is more comprehensive and provides more insurance to cover a wider range of cars, including some with multiple vehicles.
That means it will cover the vehicles of those who rent them, not just the ones that are rented from a company that is owned by the same owner.
For example, the company said it will provide coverage for vehicles that are leased through one company, but owned by another company.
The cars will then be insured by a third company, though the company has not confirmed this.
“The car rental industry is still in the early stages of the new auto rental business, and so it’s a good time to look ahead to how the auto industry evolves,” Miller said.
“It is an opportunity to explore our car rentals insurance products and see how we can improve our offerings to protect the millions of renters in the rental industry.”
He added that the company plans to provide additional coverage in the future, as it continues to grow.
For now, the insurance company has a limited number of cars that it will be offering auto rental policies on, and it said the company is currently working with more than 300 insurance companies to develop a comprehensive auto rental policy for the industry.
For more on the auto leasing industry, visit npr.org and sign up for a free daily email to get the latest coverage.