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Insurance Policy

DISCLAIMER: This is an unofficial summary of Cosmic, LLC’s master insurance policy and may not always be up to date. None of the statements below should be interpreted as binding and are provided for quick reference.

Coverage limits

Our insurance program provides vehicle insurance to cover renters and vehicles that meet our Eligibility Requirements. Coverage applies for the duration of each rental, from start to finish, and includes liability, collision and comprehensive (e.g., fire, auto theft, vandalism) coverage. The liability, collision and comprehensive coverage provided is complies fully with both California Bill AB-1871 and Oregon Bill HB-3149 on personal vehicle sharing (where available). The wear and tear coverage is provided by Cosmic, LLC.

Liability Coverage

Renters are covered in our insurance policy up to the liability limits carried by the vehicle owner or with a combined single limit of three times the state or country minimum, whichever is greater. Vehicle owners are covered up to a combined single limit of $100,000 USD for liability. Coverage includes personal liability for the renter, third-party liability for passengers and other affected parties, and third-party property damage arising from a vehicle accident. There may be an additional monthly fee to the vehicle owner or renter.

Comprehensive and Collision Coverage

The comprehensive and collision coverage provided protects the owner’s vehicle in the event of an accident. This covers for theft, fire, vandalism, weather damage, and any damage to the vehicle in the event of an accident up to the actual cash value of the vehicle. There may be an additional monthly fee to the vehicle owner.

Medical Payments Coverage

Coverage for medical payments arising from a vehicle accident up to a maximum limit of $1,000 is included. This is a supplement to personal health insurance only and it is recommended that all renters maintain adequate personal health insurance coverage. There may be an additional monthly or transactional fee to the vehicle owner.

Damage Fee

In the event of any loss or damage to the car, or any personal property or bodily injury claim, that occurs during the rental period due to any cause regardless of fault, including, but not limited to, collision, rollover, theft, vandalism, seizure, fire, flood, hail or other acts of nature or God, the renter is held responsible, and is required to pay Cosmic a fee of $1000.


Cosmic is a peer-to-peer vehicle rental marketplace. The insurance coverage provided is similar to a personal vehicle policy, however, this policy has some unique exclusions specific to our model:

Wear and Tear

Coverage is provided to owners for excessive wear and tear to their vehicle by a renter. We do not insure for normal wear and tear. The vehicle owner is responsible for normal vehicle upkeep as all vehicles experience reasonable wear and tear with usage. In the event of excessive wear or damage caused by abuse or neglect, the renter is subject to penalties up to the limits of the insurance deductible outlined above. For more information, see our wear and tear guidelines. These are guidelines only and all claims are assessed on a case-by-case basis.

Personal Belongings

Personal belongings left in or on the vehicle are not insured. These includes but is not limited to water bottles, locks, electronics, etc. It is the responsibility of the owner and renter to ensure they remove any personal belongings from inside or on the vehicle before and after each rental.

No Permissive Drivers

We provide insurance for our members only. As per Cosmic’s Terms of Service, Cosmic vehicles may only be driven by the renter of the vehicle.

Personal Usage Only

Insurance coverage applies to vehicles rented for personal use only. Vehicles rented for commercial purposes, organized racing, or stunting activity are not covered.

Late Reporting

Incidents that occur during a Cosmic rental must be reported to Cosmic Inc. within 48 hours of the end of the member’s trip. If a claim is not reported within 48 hours of the event occurring, you may forfeit Cosmic LLC. insurance coverage during the trip and be solely responsible for the full cost of repairs and any loss or liability arising from the incident.

Mechanical Breakdowns

Cosmic, at its sole discretion, may utilize a repair vendor to complete a diagnosis on claims involving mechanical breakdown related to motors, brakes, frame, batteries or suspension.  This diagnosis is not a guarantee of coverage; Cosmic does not cover mechanical breakdowns related to deferred maintenance, manufacturer defects, wear and tear, or vehicle age or mileage.

‍Additional Terms and Exclusions

If you have specific questions regarding the statement of insurance including terms, limitations, and exclusions, please contact us here.


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One Last Step!

Please read and sign the Mutual Non Disclosure Agreement below. At Cosmic we take privacy very seriously and want to make sure we can freely share information with you.

This Agreement is made and entered into as of the last date signed below (the “Effective Date”) by and between Cosmic GO, LLC, a US corporation having its principal place of business in Delaware ("Company") and the party listed below(the "Second Party"). WHEREAS Company and the Second Party (the “Parties”) have an interest in participating in discussions wherein either Party might share information with the other that the disclosing Party considers to be proprietary and confidential to itself (“Confidential Information”); and WHEREAS the Parties agree that Confidential Information of a Party might include, but not be limited to that Party’s: (1) business plans, methods, and practices; (2) personnel, customers, and suppliers; (3) inventions, processes, methods, products, patent applications, and other proprietary rights; or (4) specifications, drawings, sketches, models, samples, tools, computer programs, technical information, or other related information; NOW, THEREFORE, the Parties agree as follows: 1. Either Party may disclose Confidential Information to the other Party in confidence provided that the disclosing Party identifies such information as proprietary and confidential either by marking it, in the case of written materials, or, in the case of information that is disclosed orally or written materials that are not marked, by notifying the other Party of the proprietary and confidential nature of the information, such notification to be done orally, by e-mail or written correspondence, or via other means of communication as might be appropriate. 2. When informed of the proprietary and confidential nature of Confidential Information that has been disclosed by the other Party, the receiving Party (“Recipient”) shall, for a period of three (3) years from the date of disclosure, refrain from disclosing such Confidential Information to any contractor or other third party without prior, written approval from the disclosing Party and shall protect such Confidential Information from inadvertent disclosure to a third party using the same care and diligence that the Recipient uses to protect its own proprietary and confidential information, but in no case less than reasonable care. The Recipient shall ensure that each of its employees, officers, directors, or agents who has access to Confidential Information disclosed under this Agreement is informed of its proprietary and confidential nature and is required to abide by the terms of this Agreement. The Recipient of Confidential Information disclosed under this Agreement shall promptly notify the disclosing Party of any disclosure of such Confidential Information in violation of this Agreement or of any subpoena or other legal process requiring production or disclosure of said Confidential Information. 3. All Confidential Information disclosed under this Agreement shall be and remain the property of the disclosing Party and nothing contained in this Agreement shall be construed as granting or conferring any rights to such Confidential Information on the other Party. The Recipient shall honor any request from the disclosing Party to promptly return or destroy all copies of Confidential Information disclosed under this Agreement and all notes related to such Confidential Information. The Parties agree that the disclosing Party will suffer irreparable injury if its Confidential Information is made public, released to a third party, or otherwise disclosed in breach of this Agreement and that the disclosing Party shall be entitled to obtain injunctive relief against a threatened breach or continuation of any such breach and, in the event of such breach, an award of actual and exemplary damages from any court of competent jurisdiction. 4. The terms of this Agreement shall not be construed to limit either Party’s right to develop independently or acquire products without use of the other Party’s Confidential Information. The disclosing party acknowledges that the Recipient may currently or in the future be developing information internally, or receiving information from other parties, that is similar to the Confidential Information. Nothing in this CONFIDENTIAL Non-Disclosure Agreement Agreement will prohibit the Recipient from developing or having developed for it products, concepts, systems or techniques that are similar to or compete with the products, concepts, systems or techniques contemplated by or embodied in the Confidential Information provided that the Recipient does not violate any of its obligations under this Agreement in connection with such development. 5. Notwithstanding the above, the Parties agree that information shall not be deemed Confidential Information and the Recipient shall have no obligation to hold in confidence such information, where such information: (a) Is already known to the Recipient, having been disclosed to the Recipient by a third party without such third party having an obligation of confidentiality to the disclosing Party; or (b) Is or becomes publicly known through no wrongful act of the Recipient, its employees, officers, directors, or agents; or (c) Is independently developed by the Recipient without reference to any Confidential Information disclosed hereunder; or (d) Is approved for release (and only to the extent so approved) by the disclosing Party; or (e) Is disclosed pursuant to the lawful requirement of a court or governmental agency or where required by operation of law. 6. Nothing in this Agreement shall be construed to constitute an agency, partnership, joint venture, or other similar relationship between the Parties. 7. Neither Party will, without prior approval of the other Party, make any public announcement of or otherwise disclose the existence or the terms of this Agreement. 8. This Agreement contains the entire agreement between the Parties and in no way creates an obligation for either Party to disclose information to the other Party or to enter into any other agreement. 9. This Agreement shall remain in effect for a period of three (3) years from the Effective Date unless otherwise terminated by either Party giving notice to the other of its desire to terminate this Agreement. The requirement to protect Confidential Information disclosed under this Agreement shall survive termination of this Agreement.

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