Ride-sharing services, such as Uber and Lyft, have become one of the most popular ways to make extra money but there are potential implications that can arise without the right insurance coverage.
Since transportation network companies (TNCs) like Uber and Lyft let you transport customers in your personal vehicle, there could be gaps in coverage between personal car insurance and the commercial policy maintained by the ride-share company. Before signing up to drive, find out what your personal auto insurance covers and ask the ride-share company the following:
- How much liability insurance do you provide while I am driving customers?
- Will I be charged a deductible?
- Is my main source of coverage the commercial liability?
- How do I report a claim?
Many insurers are now offering insurance specifically designed for ride-share drivers. To learn more about ride-sharing and what insurance coverage is best for you, contact a trusted AssuredPartners NL agent at (844) 507-2528.Share This: