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Zipcar, Inc.


Self Description

April 2011: "Zipcar is the world's leading car sharing network with more than 560,000 members and over 8,000 vehicles in urban areas and college campuses throughout the United States, Canada and the United Kingdom. Zipcar offers more than 30 makes and models of self-service vehicles by the hour or day to residents and businesses looking for an alternative to the high costs and hassles of owning a car."

http://ir.zipcar.com/releasedetail.cfm?ReleaseID=570164

Third-Party Descriptions

April 2011: "Last week, Zipcar completed a successful initial public offering. Investors are presumably just fine with the fact that the company keeps its insurance costs down by not making the baseline offering, say, $1 million for everyone."

http://www.nytimes.com/2011/04/23/your-money/23money.html

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Articles and Resources

Date Fairness.com Resource Read it at:
Apr 22, 2011 Consider the Worst Case With Zipcar

QUOTE: (Zipcar) has paid no penalty for leaving customers exposed to enormous legal judgments if they get in a serious accident. It caps the liability insurance coverage it provides for members at $300,000 per incident, no matter how many people they may hurt.

 New York Times