Where can you get ridesharing gap insurance coverage?
Ridesharing gap coverage is available at Suburban Insurance Agency in Youngstown, Ohio. The insurance coverage is for drivers who use their personal vehicles to transport passengers with companies such as Uber and Lyft.
Uber and Lyft provide up to $50k in liability which is likely a fraction of the clients total coverage. Ridesharing gap coverage will fill in the missing coverages from your personal policy. The ridesharing gap coverage includes medical payments, physical damage, and much more.
What is ride sharing?
Similar to a taxi service, you can request a ride to and from a location, whether its your home, a restaurant, or an event. Rather than calling a taxi, you use a mobile app to request and pay for a ride. The driver uses his personal vehicle to escort you to your destination. Because of this, drivers often have trouble finding carriers that will fully insure them. Ridesharing gap coverage offered at Suburban Insurance Agency provides drivers the coverage drivers need.
Who is eligible?
Ride sharing gap coverage is eligible for transportation network company drivers that transport people, and goods. Typically these drivers work for companies such as grubhub, doordash, Uber, UberEats, and Lyft.
When does the ridesharing gap coverage apply?
Ridesharing coverage applies when a driver is waiting for a ride request.
Uber and Lyft provide full coverage insurance once the driver accepts, picks up, and delivers a passenger to their destination. This creates a gap in coverage while drivers are waiting for a ride request. This forces drivers to pay out of pocket for costly damages and/or medical expenses. Ridesharing coverage would fill this gap and provide drivers with full protection from the moment they turn on their mobile ridesharing app.
Understanding Ride Sharing Coverage Video