Here at COOP, we always strive to improve our offerings so that businesses can share their vehicles with confidence. Today, we’re excited to announce that we have launched our new Vehicle Downtime Coverage! With this new coverage, your business can get peace of mind and guarantee you won’t miss out on your vehicle earnings.
How does Vehicle Downtime Coverage work? When you elect this coverage, for just $10 per day for trucks and tractors and $5 per day for trailers if your vehicle is in an incident during the rental, your company’s vehicle will continue to earn the daily rental rate until it is returned, or up to 29 days.
As an Owner on the platform, you’re still responsible for keeping your vehicles in good condition. Vehicle Downtime Coverage does not apply to incidents caused by issues that could have been avoided with preventive maintenance. In the event of any other accident or theft, you will be covered by Vehicle Downtime Coverage.
We have made it as simple as possible for you to elect for Vehicle Downtime Coverage. You have the control to make the coverage default to opt into Vehicle Downtime Coverage for all your reservations or opt in or out of the coverage when you receive a reservation. Here’s how you can choose this coverage for all future rentals:
Select coverage in the Desktop app:
Select coverage in the Mobile app:
It’s our pleasure to bring you this latest improvement to give you peace of mind as you do business with the COOP platform. More details on Vehicle Downtime Coverage can be found on our Help Center. We recommend that you opt-in for this coverage across your fleet so that you can guarantee your earnings even in the event of an incident. With this coverage, we hope to make it as easy as possible for you to continue to share your vehicles with confidence.
Another year, another holiday season. The commercial trailer and vehicle rental market is undergoing significant changes this fourth quarter and into the new year. The big question on everyone's mind is whether the historically busy Q4 season will pick up like before. Factors such as technology adoption, rental utilization drops, vehicle availability, and more are top of mind for businesses everywhere. In this blog, we'll briefly explore what to expect and what's been driving the ups and downs of transporting goods and materials throughout 2023. The peak season is critical for businesses grappling with supply chain disruptions and a rapidly shifting competitive landscape. Read our complete guide to learn expert tips and best practices for optimizing fleet needs and discovering valuable rental solutions to meet these challenges head-on.
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Did you know that, on average, U.S. consumers say they have 47% finished placing orders for their holiday shopping by Black Friday and Cyber Monday? That means almost half of the people making purchases in the fourth quarter search online and offline from the crack of dawn for doorbuster deals before we reach December. As two of the biggest shopping days of the year for most retailers, it's important to explore the significant impact these days have on commercial vehicle demand.
