Do You Need Rideshare Insurance?
Posted on: 3 July 2018
If you use your personal care to offer rideshare services, you should make sure you have the right types of auto insurance coverage on your car. If you do not, you could experience problems if you ever need to file a claim on your policy, or if someone that hires you for a ride sues you. To fully protect yourself, you should make sure you have rideshare insurance coverage on your auto insurance policy.
What is rideshare insurance?
Rideshare services are extremely common and popular today, and they involve people using their own vehicles to offer rides to complete strangers that need transportation. People who offer these services work for a company, and the company has insurance; however, the insurance the companies offer do not always provide enough protection.
Over the years, rideshare companies have increased the policies they have because of problems they have encountered, but you should still make sure you are fully protected, and that is why rideshare insurance is available. If you work for a company that offers rideshare services, you should talk to your insurance agent about the coverage you need.
What risks do you take without having this coverage?
If you do not have the right types of coverages while offering these services, you could be in trouble. For one, a person could sue you if you were providing a ride to them and ended up causing an accident. Secondly, if your insurance company finds out you offer these services and do not have protection for them, they could deny covering any claim you file, even if you file a claim while you are using your car for personal use only. You must have the right protection if you want to be fully covered.
How can you purchase rideshare insurance?
If you want to make sure you are fully protected when offering rideshare services, contact an insurance company to find out if they offer rideshare coverage. If not, find a company that does and get a policy with that company. There are many companies that offer this type of coverage, but there are also companies that do not yet offer it.
An insurance company will ask you a lot of questions about the services you offer and the other ways you use your car. These answers will help the agent determine what types of coverages you should have on your policy, so you are fully protected if anything happens while you are driving your car.
Share