Louisiana HB625 requires peer-to-peer car sharing programs to maintain physical damage coverage for shared vehicles during the car sharing period.
Louisiana HB625 amends existing law to require peer-to-peer car sharing programs to maintain physical damage coverage for shared vehicles during the car sharing period. The policy must cover collision and comprehensive losses, and can include a deductible up to $1,000 per occurrence and subrogation rights against a tortfeasor. This applies when the shared vehicle owner’s policy excludes or does not provide such coverage.
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