If you’re a rideshare driver, generating extra income or maybe even working full-time using your personal vehicle to transport others can be very rewarding. It is a great way to enjoy the freedom of setting your own hours and be your own boss.
But there are risks. For one, the gap in your auto insurance coverage when you drive for a transportation network company (TNC), such as Uber or Lyft. The entire time your TNC app is on, your personal auto policy is suspended. Your TNC does provide coverage, but only for the period of time between accepting the passenger and dropping off the passenger — before accepting a passenger, some TNCs may provide limited liability coverage only. Basically, no passenger means no coverage for your vehicle and any damages or injuries you may sustain.
Most personal auto insurance policies exclude coverage while using your vehicle for business purposes, such as accepting payment to transport riders. Many ridesharing companies offer their own coverage, but there can be gaps. Adding a ridesharing endorsement to your personal auto policy can fill those gaps between passengers. We can help with that.