Facts about Ridesharing Insurance Liabilities
It is truly bewildering to know just how warmly the public has received the entry of the innovative ridesharing applications or services such as Uber, which has even allowed it to flaunt a daily trip record that reach staggering millions. With over a million number of trips, it is easy to see that it’s a number that’s astonishing for anyone. However, this doesn’t mean good things only, as this also increases the chance of number of accidents that could happen in a day.
There would also be some out there who would be curious regarding car accidents and how would responsibility be accounted for if an Uber ride becomes victim of an accident. There would also be some out there who would be even more curious what would happen if a certain situation is something that the law doesn’t specifically cover. What makes Uber rides more complex is because in the face of the law, it’s still a private car and as such, the rules that govern it aren’t rules like cabs or other transportation vehicles.
Some may have definitely placed their eyes on joining the Uber group already as a driver to gain an easy extra cash in this continuously growing company. However, you’ll surely be dead-wrong if you think that it’s all going to be easy as there are some things that may make the process a bit more complex than you think. Before you join Uber, here are some facts about their insurance liability that you should be informed of.
Insurance policies are important if you want to make sure that your car riding experience is safe at all times but, with hazy insurance setup by Uber, there’s no doubt that even you would have some slight concerns about it. Insurances provided by the company may seem adequate for some drivers and for some occasions but there are also instances where they may not be enough and they could even become extremely blurry.
You may also think that even if the Uber insurance is hazy, you still have your own insurance but unfortunately, even that insurance may not be able to cover for you while you’re working as an Uber driver.
More often than not, the company insurance provided by the company to you would not work. This means that the bill for the responsibility of the accident, especially if you have a passenger at the moment who was injured, will all land on your pocket, which is a risk that you should consider before becoming a ridesharing driver.