Follow on Google News News By Tag Industry News News By Place Country(s) Industry News
Follow on Google News | For TLC Drivers Need to Know about Rideshare InsuranceBy: www.TLCCarMarket.com Rideshare Insurance For the most part, the fee added to your standard insurance policy is under $20 per month depending in large part on your driving record, but in most cases the cost is quite low. Considering that you will most likely need rideshare to avoid claims being denied when driving for Uber, this is a must. One potential gap is when you have the Uber app on but have not been matched with a rider. In this case, Uber and Lyft offer minimal liability coverage during this time. This is another area where rideshare insurance can fill that gap. Otherwise, you might have to pay out of pocket for any expenses incurred. How to Obtain Rideshare Insurance The first place to look is your own insurance company. Most insurance companies will have a rideshare option for your car insurance. This assumes that your state has rideshare-friendly policies in place which most do. If you do not want to look up the state laws, then contact your insurance agent who has the answers. Although inexpensive, there are a few bits of information you will need when signing up for rideshare insurance; • Driver's License • Vehicle Title & Registration • Insurance Policy Number • Make, Model, and Year of Your Vehicle You may be asked about any rideshare experience that you might have, the company in which you work, and the average number of monthly rides along with the average mileage per trip. If you are just getting started, then you may be asked to provide an estimate. Insurance Policies Logged, but No Rider: If you are logged in, but have yet to receive a rider request, then Uber and Lyft only offer limited liability which maxes out at $50K to $100K per person for personal injury and $25K for property damage. Rideshare insurance will cover such gaps. Matched with Rider, carrying a Passenger, and Dropping Them Off: Here, Uber and Lyft will cover you fully up to $1M per incident if you have your own insurance coverage as well. Also, check out any coverage that might be part of the TLC car marketplace (https://www.tlccarmarket.com/ End
Account Email Address Account Phone Number Disclaimer Report Abuse
|
|