What insurance does the vehicle have?Updated 2 years ago
All vehicles come with ICBC Commercial Renters Auto Insurance. This policy includes $5,000,000 third party liability, comprehensive insurance for fire, theft, vandalism and windshield at a deductible of $500 and collision insurance at a deductible of $1,000.
Approved drivers are covered on the FarOut insurance policy, however drivers are fully liable for the insurance deductible. The Excess for the policy is broken down as follows:
Comprehensive – $500 deductible covers loss or damage to the vehicle from:
- Theft and vandalism
- Fire, earthquake, explosion
- Falling or flying objects such as a rock or gravel hitting your windshield
- Hitting a domestic or wild animal
- Weather—lightning, windstorm, hail, rising water
Collision – $1000 deductible covers loss or damage to the vehicle from collision with another vehicle, object or the surface of the road.
The insurance policy does not cover loss or damage to the vehicle from:
- Negligence
- Improper use
- Use of vehicle outside of the rental agreement and terms and conditions
- Use of vehicle other than by the approved drivers
In such cases the insurance is void the renter is liable for the full cost. Any cost associated with the theft, loss or damage of the equipment is borne by the renter.