Insurance is included in eGo CarShare’s hourly and daily rates. We have $1,000,000 in liability coverage and a $500 deductible for at fault accidents. If you’re interested in further reducing your risk, please look at our Damage Fee Waiver Program which reduces the $500 deductible to $0.
eGo's Liability coverage is $1,000,000. This coverage pays for any bodily injury or property damage that is caused by an eGo driver’s negligence. This would pay for injuries to someone in another vehicle or damage to their property – as long as eGo's driver is legally liable for the damages.
Damage to eGo vehicles caused by an accident would be paid for by our Collision coverage (Physical Damage). This coverage is subject to a $500 deductible. Collision coverage pays for any collision with our vehicles (including damage while parked) – regardless of who is at fault in the accident. If another party causes the damage to an eGo vehicle, and they are found legally liable for the damage - our insurance carrier would pay for the damage, but attempt to recover the amount paid (plus our deductible) from the party who caused the damage.
Comprehensive Coverage pays for damage to eGo vehicles caused by something other than a collision. (ie: theft, vandalism, hail damage, etc). Collision with an animal is also covered under Comprehensive. This coverage is also subject to a $500 deductible.
eGo's policy also has a $5,000 Medical Payments limit. This pays for medical bills incurred by the driver and any passengers in eGo vehicles – regardless of fault. After the $5,000 limit is reached, if the other driver is legally liable, their liability policy pays for the injuries to an eGo driver. If they have no insurance, or it is a hit and run – then eGo's Uninsured Motorist coverage pays for the injuries.
If eGo's driver is legally liable for the accident, after the $5,000 in Medical Payments is exhausted, their personal medical insurance coverage would pay for their medical bills. Other than the $5,000 in Medical Payments, eGo's insurance does not cover injuries to one of eGo drivers if they have no medical insurance and their negligence causes the accident.
* This is only a summary and not the legal language of our coverage. If you want more detail about your coverage, you can get the complete terms in the policy by contacting us.
Damage Fee Waiver Program
All of our members are fully covered under our insurance policy with a $500 deductible for incidents involving vehicle damage. However, we recognize that it can be a large, unexpected expense. We created the Damage Fee Waiver Program to provide peace of mind by reducing your potential out-of-pocket expense. By enrolling in our Damage Fee Waiver Program, if an incident occurs, your deductible is reduced to $0 instead of $500. All drivers are encouraged to enroll.
We offer hourly and yearly options:
- Hourly: $1/hour of reserved time with a maximum of $7/day. Covers one at fault incident per reservation. You can choose this option when making a reservation.
- Yearly: $45/year per driver. Covers one at fault incident per year. You can enroll in this option from your account or application page.
Yearly Option: Only the Account Authority can enroll, and $45 is charged for each driver on the account. The Damage Fee Waiver Program requires each driver on the account to participate.
Yearly Option: Participation in the Damage Fee Waiver Program begins immediately when you enroll in it, lasts for one calendar year from the date you sign up, and renews automatically until either you opt out or an incident occurs. Contact us if you wish to cancel your participation in the Program.
Yearly Option: The Damage Fee Waiver Program fee is initially charged on your invoice for the month when you joined the Program. Participation will be automatically renewed on the annual anniversary date of enrollment in the Damage Fee Waiver Program unless you notify us in writing or via e-mail that you wish to cancel participation. You will get a notification email that your Program renewal date is approaching. To cancel your participation, email firstname.lastname@example.org at least five days prior to your Program renewal date.