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Insurance & coverage
This page is maintained by T1 Ventures, LLC dba Sourced Rentals to answer common questions about how rental insurance works on the platform.
Sourced Rentals is not an insurer.
We do not underwrite, resell, broker, or administer insurance policies, and we are not a party to any coverage between a renter, a host, or a third-party carrier. All coverage is arranged directly between the renter and the carrier they choose. Claims, deductibles, exclusions, and payouts are handled solely by that carrier under its policy.
Bring your own policy
Most renters use an existing auto, boat, powersports, umbrella, or business-equipment policy that already covers rentals. Upload your declarations page in your profile once and reuse it across every booking — we check the expiration date against your rental period at checkout.
Don't have your own policy?
We previously linked to outside carriers, but those products are written for equipment owners on annual terms and none of them sold single-day renter coverage, so we've removed them rather than send you somewhere that can't help. We're evaluating embedded per-rental coverage so you'll be able to add protection for the exact days of your booking at checkout.
Until then: check your existing auto, boat, powersports, umbrella, or business-equipment policy, ask your agent about a short-term rider, or check your credit card benefits below. If a host requires insurance, you'll need valid proof on file that covers the full rental period.
What about my credit card's coverage?
Many premium cards — American Express, Chase Sapphire, Capital One Venture X and others — include some form of rental damage coverage. It is worth checking before you buy a policy, but read the benefit guide carefully: on almost every card the benefit is a Collision Damage Waiver for rental cars rented from a commercial rental agency, and it does not extend to peer-to-peer marketplaces or to the categories most common on Sourced Rentals.
- Usually covered: standard passenger cars and light trucks rented from a commercial agency and paid for in full with that card.
- Usually excluded: boats, trailers, UTVs/ATVs, tractors, mowers, construction and event equipment, vehicles rented from an individual owner or a peer-to-peer platform, and any liability for injury or damage to other people's property.
- Almost never covered: liability. Card benefits are damage/theft waivers, not liability insurance — that comes from your personal auto, boat, or umbrella policy.
American Express cardholders in most U.S. states can also add Premium Car Rental Protection for a flat per-rental fee, and Chase publishes its Auto Rental Collision Damage Waiver terms online. Call the benefits administrator on the back of your card, describe the exact item and that it is being rented from a private owner, and get the answer in writing before you rely on it.
If your card benefit applies, upload the benefit guide or the card issuer's confirmation as your proof of coverage. If a host requires insurance, they may still ask for a carrier policy — card benefits are not always accepted.
Host-required coverage
Hosts renting boats, trailers, UTVs, tractors, or other high-value equipment may require renter insurance on their listing. When a listing requires insurance, you must have a valid policy on file — from your own carrier — that covers the full rental period before you can check out.
Damage & claims
Renters remain fully responsible for damage, loss, theft, late return, cleaning, and fuel/fluid charges as described in the Rental Agreement. Claims for damage covered by a policy are filed with, and paid by, the third-party carrier under that carrier's terms, deductibles, and exclusions. Sourced Rentals is not a party to those claims.