With ski visitors, business travelers, and a steady stream of newcomers, the Denver area has plenty of demand for peer-to-peer car rentals. The insurance side of listing a car is more involved than it looks, and Colorado is one of the states with a specific law on it: the Peer-to-Peer Car Sharing Act, passed in 2019.<\/p>\n
When your car isn’t being shared, your personal auto policy works as usual. Colorado law generally prohibits an insurer from refusing to cover your car outside of sharing just because you list it, as long as you’ve given complete and accurate information. Car sharing programs must also tell owners that sharing a car may violate the terms of a loan or lien, so check with your lender.<\/p>\n
Once the sharing period ends, your personal policy generally applies again. Photos at pickup and return help if damage is disputed.<\/p>\n
The law also requires programs to verify drivers’ licenses and keep certain records, and it requires owners to remove a car from sharing when it has an open safety recall that hasn’t been repaired.<\/p>\n
Siegfried Insurance Group in Denver, CO can review your auto insurance<\/a> before you list a car. An attorney can help with agreement questions. Drivers across Denver, CO and the Front Range can reach out to Siegfried Insurance Group<\/a> or browse our insurance blog<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":" With ski visitors, business travelers, and a steady stream of newcomers, the Denver area has plenty of demand for peer-to-peer car rentals. The insurance side of listing a car is more involved than it looks, and Colorado is one of the states with a specific law on it: the Peer-to-Peer Car Sharing Act, passed in […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[24,12,11],"class_list":["post-78","post","type-post","status-publish","format-standard","hentry","category-auto-insurance","tag-auto-insurance","tag-denver","tag-siegfried-insurance-group"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t