If something happens with the vehicle, especially if someone is injured or killed, YOU personally are going to be sued. Turo places restrictions on the photos you can use when creating your cars listing. They must also select one of many insurance plans for their car. Otherwise, youll hurt the overall experience for Turo customers. 10+ completed trips All-Star Hosts have hosted at least 10 trips in the past year. If they aren't a total sleaze bag, they will typically tell you. Here is all you need to know about Turo, including how it works and what it costs. The company has over 450,000 listings across the US and Canada, so it's available in most major cities, and I have found it to be more affordable than booking through companies like Hertz and Enterprise. I did the math and with the current quote and I'll save about $400-600 based on my current rental. You'll see your approval status on your account homepage. If guests cannot show up at the appointed time, they receive a partial refund that scales based on the length of the booking period. If there's excess damage or it costs more than the estimate (which is usually the case), the bodyshop needs to file supplementals with the insurance carrier. They are NOT VALID if they are uploaded prior to 24-hours and the renter will have to upload them again. By declining the Turo car insurance options, you can use your own auto insurance while operating your company like normal. Considerations Before Becoming a Turo Host, 15+ Things Every Small Business Need [& Tools To Match], Window Cleaner: Job Description, Salary & How To Become One, Freelance Videographer: Job Description, Income & Salary, & How To Become, Easy and intuitive rental system & process, Often lower rates than commercial car rentals, Free cancellation up to 24 hours before trips, Freedom for setting prices, insurance, and other terms, Trusting your cars in the hands of strangers, Turos insurance wont cover as much as you think, Have to clean, disinfect, and refuel each car before trips. A one-time Setup Fee will be charged to the Host to cover the installation of the Getaround Connect at onboarding. Guests can report hosts if they provide unclean or unsafe vehicles or transactions. If a major accident occurs, or even minor damage, you are going to go to the renter first, and then the renters insurance second for recovery. If you need to decline a request for any reason, you can still contact guests and ask them if theyd like to rent a different vehicle with you. Whoa, what? This is a great way to connect with your booking host before your trip. How to enter into the gig economy as a freelancer. Please listen to me. Now that you know a little more about the Turo car requirements, its time to list your vehicle and start making some extra cash. This does put all of my vehicles at risk if someone were to sue me and win - they could take all of my vehicles, but all my other assets would theoretically be safe(r). Youll need to collect any incidental cost reimbursements or additional fees from your Turo guests directly. Are Commercial Hosts Just Rental Car Companies? Be sure to provide accurate information about your vehicle when creating its listing. After inputting the above information, Turo will prompt you to write a vehicle description. He is currently working on a book about working in the Gig Economy, expanding his skill set beyond the rideshare niche. Turo allows a commercial host to charge penalties, costs, and fees. I provide superior service through my remote hand-off system, because I'm not waiting on a guest - they can be hours late picking up and I don't care and it doesn't inconvenience me this is a benefit to the guest because they don't have their rentals canceled or an angry host calling them asking where they are. USA, Turo Car Requirements for Commercial Hosts, make sure that all vehicles on the platform are safe, Include a valid registration in any state other than New York, Have an insurance policy in the owners name, Have less than 130,000 miles on the vehicle, A screenshot showing Turo a live tracking demo inside the OEM portal or app, Be in excellent physical and mechanical condition, Agree to additional review, if requested by Turo, Have a valid registration in any of the five provinces listed above, Include a valid insurance policy in the owners name, Have no interior or exterior branding messages, GEM vehicles not designed for freeway use, Vehicles that cant operate on public roads without a commercial license, Use an Apple ID, Google account, Facebook account, or email address to get started, Provide a cell phone where you can receive text messages, Check that your vehicle meets all the requirements listed above, Photos highlighting towing (Turo guests cant tow anything on a Turo trip), Advertisements or other markings that highlight other car sharing websites, Hateful, inappropriate symbolism that violates the Turo nondiscrimination policy. I'm sorry to say that there are no quick and easy answers. The $150/day car renter is typically going to have more money, and likely has a nice car themselves. How to set up and run your own business as an independent contractor. Hopefully someone will respond to it soon. Unless you are an established RAC with all of those services already in place, it's not worth the 5% difference to lose all those services. How can I even opt-in to become a commercial host on Turo after I purchase commercial insurance? This Turo review comes from Heather Loree and Joe Fier, an entrepreneurial super couple in San Diego, CA. Of course, I've been doing this a long time, so I know the ropes and they always end up in a much worse state than when they started. Host Terms Any discount code a host requests for Turo to send to a guest results in a unique price reduction for that guest to use to book a future trip w Save my name, email, and website in this browser for the next time I comment. For questions about how damage to a host's vehicle is handled, visit the Turo Support site. I read on Turo that they will not be responsible for collecting reimbursement (i.e extra mileage, cleaning fees, etc) so how would that work? They have been creating, growing and selling businesses for the last decade side by side. Everything with the car is just more. The best defense you can ever have is photos uploaded by the guest themselves showing no damage in a particular area, then there is no question at all that the guest did the damage. 2.5 Baths. 130,000 Miles is the MAXIMUM amount of miles a car can have to be listed on for its first trip. Pictures of the undercarriage are so rare, even the claims representatives have trouble understanding that you did, in fact, take pictures of that area and that there is clearly no damage present on the pre-trip photos that exists on the post-trip photos. What can you do? Turo has a high degree of passive income potential. DO NOT DO THIS! They will then likely tell you the car wasn't stolen because you gave it to the renter ergo no theft took place. Your car MUST have less than 130,000 miles before it's first trip. Turo doesn't look at or care about your actual title, whether it's clean or not. On a mobile device or computer, log into Turo with the app or website. When you book on turo, you have the option to message a host. Gigworker.com is your one-stop-shop for the gig economy. Turo offers fewer fees than other car rental companies, as well. When you pay with a credit card, you are usually covered by the policy that is included by the network that your card is affiliated with. This video is for you! If you decide to take the plan that lets you keep 90% of your earnings, you lose out on lots of insurance benefits. Leave any questions or comments below. One of the main benefits of becoming a commercial host is that you can operate your business as usual while gaining access to Turos guest list. People renting my Teslas, Lotus, Mercedes, etc are usually, if not always, a better class of renter. Turo will ask you to fill in the name of your insurance company and the policy number. Check out my site https://www.powerhost.club/LEARN HOW TO BECOME A 6 FIGURE HOST ON TURO THROUGH MY EXCLUSIVE COMMUNITYhttps://www.powerhost.club/12+ hr Tu. At some point (for us it was around 25 cars I think) you go, "hmmminstead of making $13,000 per month on the 70% plan we would have been at $16,000 per month on the 85% planthat's a whole $750 extra per week or $3000 per month that we are paying for insurance". This is absolutely true. You should always go through the guests insurance if you can. Take your time when writing the listings description. After the first trip, the car can exceed 130,000 miles and remain listed. How to Become a Commercial Host on Turo If you're ready to become a commercial host on Turo, follow these steps. Provide your guests with the proper information about any accident and towing situations, so they dont become frustrated contacting Turo customer service. However, I'm not sure what else will change if I'm a commercial host. In this case, you will need to email Turo written confirmation that your vehicle includes the proper tracking. You will be liable for your own defense at the very least, and if the suing party wins, you will be liable for the full amount won. It's like $200/yr and you get 1 tow up to 200 miles (worth the price right there) and a bunch of other 100 mile tows (also worth the price) + all the other services and discounts AAA offers. 15 months later, the car has paid for itself and generated about 50% profit on top of that. The bodyshop will submit what is called a "supplemental" to Turo for the additional charges to repair the vehicle, and Turo will then pay the bodyshop directly for the additional amount. What commercial insurance companies insure turo hosts? They are definitely more profitable, but they come with headaches. Brett Helling is the founder of Gigworker.com. You'll discover help with deciding if becoming a commercial . There's a few situations I haven't personally dealt with, thankfully, but I do know people that have, so I will try to provide a comprehensive guide to just about everything you might encounter as a Turo host. turoprice 3 yr. ago Everything else has to be done by you. At this level think of Turo as only a booking or referral service that tells you the dates someone needs a car and is doing some advertisement for you. Guests insurance pays Turo a huge sum of money. There are many commercial hosts with their own commercial insurance who still use Turos basic (85%) plan because of the extra benefits. Never buy new, and never pay more than MMR. I've had that car now for almost 18 months and it's still not paid for itself. Semi-detached spacious house Three bedrooms Two reception rooms Gas central heating Double Glazing Generous rear garden Driveway parking for several cars Close to village amenities and junior school Scope to improve Rarely do these properties come for sale in this sought after village location. Finally, upload photos of your vehiclesonline using the Turo website platform. Income loss. In the end, for us, unless 2 cars were to be totalled in 1 month, we're always better off on basic. Zilch. Ridesharing riders on policies (which they will try to sell you and tell you covers you) cover things like Uber and Lyft meaning they cover you as long as YOU are driving your car for commercial purposes. $520,000 Last Sold Price. Turo is a San Francisco-based company offering convenient peer-to-peer car-sharing services in thousands of cities in the United States, United Kingdom, and Canada. Once youre done, return the car by the designated time and date. Turo offers many vehicles both above and below that average. Here are additional UK Turo requirements to adhere to. TikTok video from Credit Repair Specialist (@aswcreditrepair): "Want to become a Turo Car Host? If you have any questions about your Turo car, you can contact the host directly through the Turo platform. They are only going to do the bare minimum required to generate that revenue (Speeding Tickets/Parking Tickets/etc) and/or keep their jobs. Do I Need To Buy Insurance When I Rent From Turo? For cheaper cars, with an inexpensive daily rate, it may be better to go with the Standard plan if you don't want to risk it. Some guests either don't believe me, or are already pissed off and try to let me hang in the wind, even though they caused the damage. I have dealt with many, dare I say almost all, of the different issues hosts come up with on a day-to-day basis. The main appeals of Turo are convenience, ease, and fast money. If you buy a new car, the moment you drive it off the lot, it's worth about 30% less than you bought it for. Once you have an account, you will list your car. Hosting the Cornwall event on Tuesday, March 14 will be the Heller family from Acland Farm in Blackwater, near Truro. I want a fancy car, but I don't want to pay for it. While it is a great source of extra money, there is a lot of fine print and insurance information to consider. I do not require my renters to change names if it's an obvious abbreviation or other derivatives of their legal name, and I have never had a problem. Often times, renters will hit something, possibly they won't even know it, but having before and after pictures of the undercarriage will protect your suspension parts, wheels, as well as any ground effects you might have. When you book a vehicle from a host through Turo, you must use the vehicle only for your personal use. Should I use Turo to offset my car payments? Zip. All insurance in the US is offered through Turo Insurance Agency, LLC. Press question mark to learn the rest of the keyboard shortcuts. You can select commercial from the list of vehicle types and see all hosts who have opted into providing their vehicles as commercial rentals. Hosts simply have to list their vehicle on the Turo website or app and wait until guests message them about booking their car. Turo uses this (and also local comps) when determining the ACV (Actual Cash Value) of your vehicle, should it get totaled or stolen. There is not a single insurance provider that will cover you if something happens when you are renting out your car. These are the pictures I take, and I have never had a denied claim due to "no pre-trip pictures": 4x Each side of the vehicle (Left/Right/Front/Back)4x Each corner of the vehicle - Taking pictures of the corners give you a different angle and different coverage the sides don't give you4x Wheels - take a close up picture of each wheel to cover wheel damage1x/2x - Front seats (one from each side)1x/2x - Back seats1x of windshield1x of fuel/mileage1x Undercarriage front1x Undercarriage rear4x Undercarriage each wheel/axle area. The only way you can see the Legal Name is after you start a Trip Checkin (which is only available about 24 hours before a trip starts) - you Upload photos, then verify mileage and fuel level. Even with only a few used cars, theres potential to earn with Turo. To be a Commercial Host on Turo, your vehicle must meet certain requirements. It typically brings in about $900/mo give or take a couple hundred depending on the month. It also means you're earning money from your otherwise idle, depreciating car though the cat who likes to nap on top of it might be upset. Information for freelance consultants and gig workers. Your theft report represents lots of work and no payoff, so you are going to have to convince them to do their jobs. how to become a commercial host on turo. EXTRA INCOME The average US host on Turo makes upwards of $1,000 per month, which can cover a car payment, pay for school, or finally get you behind the wheel of your dream car. More specifically, Turo holds the full value of the rental before paying out your 92.5% fee after the rental period ends. Understanding Turos auto insurance policies is critical before taking a trip. For example, I have a used Mercedes that I bought for $12k - it was a good deal for a Mercedes. Listing your vehicle is quick and profitable with Turo. Listing a vehicle is a straightforward process. All hosts in all other countries or regions where Turo operates are Commercial Hosts. If youre committed to loaning cars and cashing out, sign up and give it a try. If you don't know what MMR is, it is the Manheim Market Report - the de facto standard in used vehicle valuation, typically used at auction houses. If it's close, it's close enough. The only difference is you can now rent to an audience already established by Turo. Your insurance, no matter what you are told by Turo, and even if your agent tells you that you are covered, YOU ARE NOT COVERED. Turo is divided into two functions: renting a car as a guest and offering your vehicle as a host. Turo is relatively safe, though it does have certain risks. If you rent your car out on Turo under your personal policy, you are putting yourself in jeopardy and taking a huge risk. Guest The person renting a vehicle. For questions or information about the third party liability insurance that is included in protection plans in the US, consumers in Maryland and the licensed states listed here may contact Turo Insurance Agency at (415) 508-0283 or claims@turo.agency. 3K views 2 years ago #PassiveIncome #DebtToDollars #TuroBusiness I show you step by step on how to become an All Star host on Turo. If you treat your Turo business like a business then getting to All-Start Host status is pretty easy. Ask yourself if you can reduce your advertising budget without losing out on sales by using Turos built-in market. Commercial hosts are typically rental car companies. I don't see the point and nobody knows why this is a requirement, but it is a requirement and Turo WILL DENY your claim if the photos were uploaded more than 24-hours before the rental. This can often take a while, and if the bodyshop doesn't handle it properly, it can be a pain but Turo does always seem to pay up in the end, and ultimately, it's the bodyshops responsibility to get the money from Turo and submit the proper paperwork. For example if you make $12,000 per month total that means you get $8400/month on 70% plan but $10,200 on 85% plan ($1800 goes for this "insurance"). Related: HyrCar vs Turo: Which is better? What's the maximum mileage I can list a car with? Turo is a car rental platform that connects car owners with people who need cars for short-term rentals. APPLY TO BECOME TURO COMMERCIAL HOST: https://explore.turo.com/commercial-h. CITED FROM APPLICATION/ARTICLE ABOVE : "Sign up today as a Commercial Host in the US by providing. Keep in mind that youre not just paying for the insurance policy but also customer service and support. Users who list a single car on Turo make an average of $10,516 per year. Is