ZipCar expands Insurance Coverage
Saturday, November 3rd, 2007Zipcar and Flexcar have agreed to merge. This is exactly the sort of merger that I think ought to be prohibited by antitrust laws: two competitors doing exactly the same thing, even if they are both still Tiddlywink operations by Fortune 500 standards. I’d much rather see them compete in the marketplace than collude. However there will be at least one immediate benefit for ZipCar customers: more insurance.
Effective immediately, Zipcar is raising their coverage to $300,000 per incident for members 21 and over instead of the state mandated minimum. It will also soon be possible to rent Zipcars in Flexcar’s cities: Philadelphia, Seattle, Portland and Atlanta. Now if they could only find the cars they think they have in Brooklyn, everything would be hunky dory.