Ithaca Carshare’s insurance company will no longer provide $1 million in liability coverage to members. The new policy provides members with third party liability limits for each collision in the amount of $25,000 bodily injury per person, $50,000 bodily injury per occurrence and $10,000 in third party property damage. As a member, you’re responsible for the first $500 and any costs that exceed this coverage. We continue to search for an additional policy available in New York State to increase our coverage for members above these levels.
Here are some options that may be available to you personally to increase your coverage beyond these levels:
If you have an existing automobile policy on another vehicle in your name, check with your insurance agent to see if your existing auto policy will cover you over and above our new limits of liability ($25,000 bodily injury per person/$50,000 bodily injury per collision/$10,000 property damage per collision). Your agent should be aware that you have the option, via membership, of regular use of carshare vehicles. They may want to see a copy of our member handbook. If your current company will extend over our limits and you have an umbrella policy, you will want to be sure that it will also extend.
If you do not have an existing automobile policy on another vehicle in your name, it is possible that you may purchase what is called a non-owned automobile policy that will protect you in the case of a liability claim in excess Ithaca Carshare’s limits.
If you have a personal umbrella policy, it may cover you even further above a non-owned automobile policy, which could provide you with more than $1,000,000 of liability coverage (which is the liability limit Ithaca Carshare previously was able to offer our members).
If you use a credit card with CLDI coverage to pay for your Ithaca Carshare trips, you may be able to use that to cover vehicle damage expenses only, including the first $500 that you are responsible for. Check with your credit card provider.
If you have trouble obtaining this coverage from an insurance provider of your choice, we can provide you with the contact info of a local agent that has been successful in providing one of our members with this coverage. Contact Jennifer at firstname.lastname@example.org or 607-277-3210 x5 for details.