DISCLAIMER: This is a summary of HyreCar’s platform insurance policy. The statements contained herein are provided for quick reference.
HyreCar Insurance does not cover incidents that take place when vehicles listed on the platform are not in an active trip booked via HyreCar’s marketplace platform (“Active Rental”).
Insurance and Physical Damage Coverage Explained
HyreCar Insurance and physical damage coverage is applicable only while the vehicle is actively rented by a HyreCar authorized renter (“Renter”) through the HyreCar platform (“Active Rental”). An Active Rental begins when a vehicle owner (“Owner”) confirms rental start through the HyreCar platform and remains active while the vehicle is in the custody or control of the authorized Renter. A rental ends when the vehicle is returned to the Owner or at the rental period end-time as stated in the vehicle rental agreement. HyreCar is not an insurance company. All insurance provided through our platform is issued and covered by HyreCar Insurance partner(s) and is only valid in the United States.
HyreCar Insurance extends onto Renters during the Active Rentals.While a Renter is on an Active Rental of a vehicle through HyreCar’s platform, the Renter is supplementally insured under HyreCar’s Policy, subject to terms, conditions, and exclusions. HyreCar’s Policy provides Renters with the following coverage during the Active Rental:
The Renter is responsible for returning the vehicle in the same condition it was picked up in and may be charged a Damage fee for damages accrued during the Active Rental. By renting a car, Renter agrees to use the vehicle to drive for a TNC or DSC. The amount that the Renter is liable to pay out of their own pocket for Physical Damage (the Damage Fee), except for normal wear and tear to the rented vehicle, is contractually limited to a fee up to $1,000 subject to terms, conditions, and exclusions. This amount excludes any additional fines, fees, administrative, and incidental costs that may be added after additional investigation. See our policies for more details.
Only HyreCar authorized Renters receive protection under HyreCar Insurance coverage during an Active Rental. No one else is permitted to operate the vehicle. Operation of the vehicle by someone other than the Renter may subject you to civil and criminal liability. Renters must have a valid driver’s license to rent and operate the vehicle. Should any other person operate the vehicle, including if the vehicle is lost or stolen, the Renter will be liable for any such activity and the resulting loss or damage. Renter is responsible for all loss or damage caused to the vehicle during the Rental Period, even if Renter is not operating the vehicle when the damage occurs. Allowing non-authorized drivers to operate the vehicle can lead to fines, suspension, account termination, and/or civil and criminal prosecution to the fullest extent allowed by law.
Owner and Vehicle Coverage
By listing a vehicle on HyreCar’s platform, the Owner is agreeing in good faith that they are not supplying a vehicle to a Renter with any known mechanical issues, the vehicle is in safe and roadworthy condition, and that the vehicle currently meets all state, city, and local restrictions and laws. If you are in need of insurance that satisfies state minimum requirements, you can reach our partners here .
Subject to terms, conditions, and exclusions, HyreCar Insurance provides state minimum liability coverage as required by state law and excess liability coverage up to $1,000,000 in the event the Owner is legally liable for an accident based on the Protection Plan the Owner has selected for their vehicle during the Active Rental.
Additionally, HyreCar’s Protection Plans provides physical damage protection to the vehicle up to $50,000 or the actual cash value of the vehicle, less the applicable Protection Plan Damage Participation Fee selected for any event that qualifies as covered peril during the Active Rental. Normal wear and tear is not covered under any of the Protection Plans. Additional details related to physical damage protection afforded under the selected Protection Plan can be found here.
Only HyreCar authorized Renters receive physical damage and insurance coverage during an Active Rental. Allowing non-authorized drivers to pick up and/or operate the vehicle is STRICTLY PROHIBITED and will lead to account suspension, termination, and/or civil and criminal prosecution to the fullest extent allowed by law. Unauthorized drivers will eliminate physical damage coverage for the Owner and may lead to litigation based on a breach of contract. It is the Owner’s responsibility to ensure the rental is picked up by the HyreCar authorized Renter.
Owners have up to 24 hours after the return of the vehicle to file a claim on any damages that occurred on the vehicle during the Active Rental period. No claims will be accepted after 24 hours, excluding holidays and weekends.
The Owner waives its right to subrogate against the Renter for any losses that are covered and paid for by HyreCar Insurance policy(s) or Protections Plans.