Car sharing associations continue to be a growing trend and the practice creates challenges for the insurance industry. One organization in San Francisco is proposing a liability insurance guideline for car sharing.
CarSharing Association release this draft this month which urges the car sharing organizations to provide liability insurance with a minimum of $300,000 per incident coverage per member. Additionally, the draft recommends that members should be given the option of purchasing liability insurance beyond the minimum.
The draft guideline is open for public comment at www.carsharing.org/forums until December 31 and a final version will be issued before the end of January 2014.