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Setting your car's availability - Turo Support I know with commercial insurance, I'll be able to decline Turo's insurance and pocket 90% of my earning. Make sure that you tell your guests what to do if an accident occurs. Payments for rentals that last longer than a week get paid out at the end of the week. Turo provides five levels of insurance coverage to hosts, the people who own cars and allow others to rent them through the Turo platform: 60 plan. The Canadian classic or Specialty vehicle requirements include the following. If youre thinking of becoming a commercial host, there are some things you need to know. Turo requires that you input the following information when listing a vehicle. We sometimes earn affiliate links when you click through the affiliate links on our website. Just because YOUR title is clean, doesn't mean it's always been that way. A Toyota Tacoma, for example, rents out quite often in DEN. The requirements for listing a vehicle on Turo in the United States include the following. Mandatory insurance protects guests from having to pay fully out-of-pocket if accidents happen. how to become a commercial host on turo Turo always gives you an insultingly low-ball repair estimate. Press question mark to learn the rest of the keyboard shortcuts. How to become a Turo All-Star Host - Nalsie Ventures LLC "Although it's a lucrative business idea, it's also not for everyone," he says. Even if your title is CLEAN on Carfax, if the car was deemed a Total Loss by an insurer (even with a clean title) Turo will deny any claims! I manage cars myself, and I have cars managed for me. To become a commercial host, youll need to provide the following information to Turo. Most commercial carriers want to see at least 2 years of rental history and a minimum fleet size of 10 cars. 137 Run Pond Rd, Yarmouth, MA 02664 | MLS# 73049346 | Redfin No reason at all to switch to being a commercial host. About. Youll need to file all claims through your auto insurance policy and communicate with guests outside of the Turo app. 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. Is a good car to put on Turo. 5% of your earnings for collections, roadside, customer service ( such as it is), etc are a bargain. Youll need to decline all car insurance protection on your fleet inside the Turo app to operate as a commercial host. Baciles advises would-be Turo hosts to have "the right lifestyle, mentality, and attitude" and not to approach the business as simply a way to make money. 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". If it does, you'll earn All-Star Host status for the next cycle.