Intact Insurance has announced they have entered into a partnership with Turo, an online peer-to-peer car rental marketplace which was recently launched in Canada.
Founded in 2009, Turo allows car owners to rent out their vehicle to others utilizing an online marketplace.
With Turo, car owners can set the price they would like to ‘rent’ their vehicle for, while renters can get access to vehicles for every occasion and budget. Turo differs from the ride-sharing company Uber, in that Uber offers ride sharing which involves driving passengers in your personal vehicle for compensation.
Existing car insurance policy holders with Intact Insurance, belairdirect, and Jevco in Alberta, Ontario and Quebec will be eligible to participate in Turo once they have spoken to their broker.