[Harleyman]

The Villages would have insurance as part of their commercial insurance. There are several companies that will write fleet rental insurance, because of the numbers involved. They might be able to make money on the fleet because there is a way to underwrite it based on rental fleet loss ratios. The ones that they cannot make money on are the ones like the Villages where they might only get 100 rental cars, all with different contracts, kids driving them etc. There would be no money in that.

As a side note, the first time we stayed at the Villages we rented a car from Jim Followell. I asked him about the insurance and he said that he did not carry insurance. I suspect that he still does not carry any. I don't know how he sleeps nights.