Zoomcar Introduces Trip Protection Supported by Universal Sompo's Contractual Liability Policy

Zoomcar, India's leading peer-to-peer car-sharing platform, has announced the launch of Trip Protection cover, supported by Universal Sompo General Insurance through a Contractual Liability Policy.

Key Highlights
- Launch:
Zoomcar, India’s leading car-sharing marketplace, has introduced Trip Protection, a new safeguard for its users.

- Insurance Partner:
The program is supported by Universal Sompo General Insurance Company, leveraging their Contractual Liability Policy.

- Purpose:
To provide financial protection and peace of mind to Zoomcar hosts and guests during car-sharing transactions.

How Trip Protection Works
- Coverage for Hosts: Protects car owners against liabilities arising from guest usage.
- Coverage for Guests: Ensures travelers are shielded from unforeseen costs during trips.
- Contractual Liability Policy: Specifically designed to cover obligations arising from agreements between hosts and guests, filling gaps not typically addressed by standard motor insurance.
- Efficiency & Trust: Enhances confidence in peer-to-peer car sharing by reducing risks for both sides.

Leadership Insights
- Zoomcar:
Stressed that Trip Protection is a step toward building a safer, more reliable car-sharing ecosystem in India.

- Universal Sompo:
Highlighted the innovative use of contractual liability insurance to support the growing shared mobility sector.

Broader Impact
- Strengthens resilience in shared mobility by addressing liability concerns.
- Encourages more people to participate in car-sharing, knowing risks are mitigated.
- Positions Zoomcar as a pioneer in integrating insurance-backed protection into the car-sharing experience.