1. How does rideshare coverage differ from private auto insurance coverage?
Rideshare Coverage
Rideshare coverage is a form of insurance which covers drivers and passengers in the event of an accident while they are en route in a registered vehicle. As the popularity of ridesharing increases, so too does the need to be aware of the right coverage to protect everyone involved.
What is rideshare coverage?
Rideshare coverage is a form of auto insurance which is specifically designed to provide coverage to drivers while they are transporting passengers. This coverage will typically include:
- Personal liability protection, in the event of an accident
- Uninsured and underinsured motorists protection
- Collision coverage, in the event that a driver’s car is damaged during a ride
- Property damage coverage, in the event of some physical damage being caused by a driver
In addition to the standard coverage, some rideshare companies may also offer additional features such as medical payments coverage, rental car reimbursement, and even some coverage for stolen items.
What does rideshare coverage not cover?
As with any form of auto insurance, there are certain exclusions and limitations to rideshare coverage. These include:
- Damage caused by a driver’s negligence
- Damage caused to a vehicle while it is parked or stored
- Damage caused by a driver while under the influence of drugs or alcohol
- Damage caused during a period when a driver has not been properly registered with a rideshare company
The best way to ensure that you are adequately covered in the event of an accident is to speak to your insurance company and pick the coverage that is right for you.
Conclusion
Rideshare coverage is an important form of insurance to consider when becoming a driver, as it provides a layer of protection in the event of an accident. It is important to be aware of the coverage that is available and to choose the right one to meet your needs.