They never meant for it to be a comprehensive measure to solve all driver insurance gaps.
Therefore, it is important to note that this insurance is not perfect and does not cover you in all circumstances. Uber and Lyft both have contingent insurance policies in place for the event that you do not have primary auto-insurance.
From a personal auto insurers perspective Medical payment coverage applies regardless of fault and covers bodily injury to the named insured as well as family members and any passengers in the auto at the time of the accident. have a form of no-fault automobile laws, meaning they allow auto accident victims to collect benefits from their own insurers regardless of who was negligent.
Personal injury protection provides coverage for basic expenses such as medical costs that an insured and his or her family may incur in a no-fault state. Uninsured motorist coverage provides compensation to the insured and their family members when an uninsured driver causes losses.
Given that you are in Period 1 for a significant period of time, it only makes sense that you explore the insurance landscape to get better protected!
According to Geico Ridesharing Insurance policy is a hybrid policy and will replace your existing personal auto policy.
Your car at that point stops being a personal vehicle and is now no longer covered by your personal policy to the minute the passenger exits the car and the App is turned off.
Quite simply, your personal policy does not cover you or your car in any way once you turn on that Uber App.
In September 2014, Governor Jerry Brown signed into law Assembly Bill 2293, which made insurance coverage compulsary for all vehicles from the minute they turned on their ridesharing app.
This was one of the main reasons Uber and Lyft started their own insurance coverage in order to stop this being a hindrance for new drivers to sign up.
Personal auto insurance policies are not designed, underwritten or priced for commercial ride-sharing; indeed, they typically exclude “livery services.” The assumption is that private-passenger motorists drive themselves, family members and friends, and have an average annual travel of 12,000 miles–and, of course, that no money is earned from these private trips.
Like conventional taxicab companies, TNCs are commercial enterprises.