Virginia law requires peer-to-peer vehicle sharing platforms to ensure shared vehicles are insured with liability and uninsured motorist coverage during sharing periods. The platform assumes primary liability for damages and injuries, unless the owner commits fraud or acts with the driver in violation of terms. These provisions aim to clarify insurance responsibilities and protect third parties involved in shared vehicle use.
Shared vehicles must have liability insurance covering bodily injury, property damage, and uninsured motorist coverage, with limits not less than Virginia's financial responsibility limits.
The peer-to-peer platform assumes primary liability for damages and injuries, unless the vehicle owner commits fraud or acts in concert with a driver violating the sharing terms.
Yes, the vehicle owner must ensure their insurance policy recognizes the vehicle's use through a peer-to-peer platform and does not exclude such use.
Yes, if the owner commits fraud or intentionally misrepresents facts to the platform before the sharing period, the platform's liability assumption does not apply.