Ridesharing companies such as Uber and Lyft are booming, providing low-cost transportation options and flexible employment throughout the world. Despite the growth, however, insurance issues have challenged these companies and their drivers from the beginning, because traditional auto insurance policies did not fit the rideshare model. It became clear that insurers would need to come up with a way to cover drivers operating a vehicle under different circumstances, here is what some have done:
So, there was a gap in coverage for the rideshare driver when the app was turned on. An accident at this point was costly to drivers, who were not covered for their own injuries or the damage to their car.
Fortunately, the insurance market has responded with plans specifically tailored to rideshare services. Insurance companies throughout the country are offering changes to personal auto insurance policies that cover rideshare drivers. For only a few dollars a month, a rideshare driver can close the gap and get comprehensive protection behind the wheel. Insurers participating in these plans in the areas we serve include Allstate (SC), Eire (VA), and Geico (SC, VA).
Marcari, Russotto, Spencer & Balaban represents clients injured in auto accidents anywhere in Virginia, North Carolina and South Carolina. Our attorneys have more than 200 years of combined experience. Call us at (888) 351-1038 or contact us online to schedule a free consultation.
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