Bill Status of SB1733 100th General Assembly
Short Description: VEH CD-RENTAL CAR INSURANCE
Sen. Antonio Muņoz and Napoleon Harris, III
| 4/7/2017||Senate||Rule 3-9(a) / Re-referred to Assignments|
Statutes Amended In Order of Appearance
Synopsis As Introduced
Amends the Illinois Vehicle Code. Increases the maximum liability of a renter of a vehicle for damages resulting from loss due to theft of the vehicle from $2,000 to the actual and reasonable costs incurred up to the fair market value of the vehicle immediately before the loss occurred, as calculated by a commonly and commercially accepted method to establish a fair market value. Provides that a renter who loses or otherwise fails to secure the keys of a rented motor vehicle shall be liable for any damage to the vehicle as a result of the failure or, if the vehicle is not returned to the person, its fair market value immediately before the loss occurred.