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Originally Posted by Katipan
The rules are different when you rent someone else's property. That's why all the paperwork.
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Yes, most, if not all exotic rentals require a supplemental insurance policy. It is issued by a 3rd party and would be no different than other auto policies as it would have a deductible and limits. If they don't require the supplemental insurance, his personal coverage would be enough if his limits were appropriate.: Here is one of those companies that provides rental insurance.
https://www.primeis.com/product-line...hird%20parties.
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Prime Insurance Company offers insurance for exotic car rentals to both businesses and individuals. If your client is renting an exotic car, this insurance pays for injuries or damage sustained by others due to an accident resulting from their negligence. If your client is the owner of an exotic car rental company, then Prime can offer insurance to cover general business risks stemming from the use of these vehicles as well as coverage for the fleet, their property, and more.
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I rented a BMW i8 when we went to SB 54 in Miami, they required the supplemental insurance and it's not cheap. I believe it was $85 a day. I bought it despite having personal coverage because a fender bender would have been crazy expensive and raised my personal rates drastically.