Modo’s fleet is insured up to $5 million under a Third-Party Liability policy from ICBC and is self-insured for damage to our own vehicles.
Members are subject to a Damage Fee in accordance to their membership type for any damage that occurs to the Modo vehicle during their bookings. We know accidents happen, that’s why Modo offers options to cover the Damage Fee.
If the damage to the Modo is a result of an accident with another vehicle and the third party is deemed at fault by ICBC, no damage fees will apply.
For all other damage incidents (Yes, that includes at-fault accidents, hit and run, vandalism and damage to the tires.) you will need to pay the Damage Fee.
First and foremost, don’t forget your walk-around inspections at the start and end of your booking! That could save you from unexpected damages fees.
Members choose Damage Fee options when signing up online and can adjust them under their Account Settings at their convenience. There are two options available for members to reduce your out-of-pocket damage cost to $0:
Of course, with all coverage, there are always some exceptions. Modo’s insurance is no different. Especially in instances that put people or our vehicles at risk. In such cases, both the Damage Fee cap and the Damage Pool are invalidated. As a reminder – and as per our Carsharing Handbook – you will be responsible for the full costs of the damage incident in the situations described below: