Gone are the days of fretting over how to get a ride to your next destination—rideshare apps are currently dominating the social scene. Not only do rideshare apps offer safe alternatives to drinking and driving, they also provide a great first or secondary source of income. Affordable, convenient, easy-to-book rides are only a download away for a wide array of users.
Are you a rideshare app driver, or considering taking on this profession as a side hustle or main stream of income? Either way, it is in your best interest to be aware of Rideshare Insurance in the event of an unexpected incident involving damage or injuries.
Protect yourself, your profession, and your assets with coverage to shield you from alleged liability claims.
Rideshare Insurance not only applies to individuals who work for a driving app, transporting people to and from their work or other activities, but also to those working for driving delivery services—think restaurants, grocery, pharmacy deliveries, and more.
Any time you are earning money by driving your car in an official employment capacity, you need to know about Rideshare Insurance coverage.
An interesting note about the unprecedented times surrounding the COVID-19 pandemic is that many insurance companies are automatically extending their coverage offerings to those drivers considered to be delivering essential goods during this global crisis, including things like:
This is great news for rideshare drivers during the pandemic, but you must also be prepared to expect the unexpected once circumstances eventually (hopefully!) return to business as usual.
While many companies (like Uber and Lyft, to list the most well-known names in the rideshare game) already offer their own insurance coverage to protect themselves and their drivers, it is wise for drivers to also obtain additional insurance coverage on their own.
This is where the term “Rideshare Insurance” comes into play. The term refers to a hybrid type of policy that applies to both a driver’s personal auto usage as well as the time(s) in which the driver is “on the clock,” or signed into their employing rideshare agency for work.
In addition to drivers that transport people to and from various locations, drivers employed by delivery companies (such as GrubHub, DoorDash, UberEats, and more) would also be smart to obtain extra coverage other than what is already provided by their employer in order to cover any potential gaps in coverage.
For one, your auto insurance company could deny coverage in the event of an accident or damage should they claim that you have not disclosed your job as a rideshare driver.
Although most of the big-name auto insurance providers across the country do offer this type of coverage, Rideshare Insurance is not universally available.
You may need to shop around to find the provider, policy, and rate that best suits your Rideshare Insurance needs. We are proud to offer an array of coverage options that can be customized to fit your situation to a “T.”
Don’t find yourself in a driving-related insurance conundrum without adequate coverage. Contact us today for a free rate quote concerning Rideshare Insurance. Trust us—you won’t regret it!