Yes, we at Uniamerica offer coverage for Uber & Lyft drivers thanks to Mercury Insurance’s genius “ride-hailing coverage”. Uber and Lyft are considered to be TNC’s, “Transportation Network Companies” which for the past few years has experienced explosive growth as consumers embrace this convenient form of transportation. Now, why the big deal on ride-hailing coverage? If you happen to drive for Uber or Lyft, you nor your passenger(s) are covered if you get into an accident. Pretty big deal.
What Ride-Hailing Coverage Does…
This coverage closes the gap that occurs between personal auto insurance policy (which only provides coverage when the TNC driver’s ride-hailing app is off) and the void left from the TNC companies themselves that don’t offer insurance. Mercury’s ride-hailing coverage closes that gap by extending coverage during Period 1 of the drive cycle.
What Your Personal Auto Policy Doesn’t Do…
Your auto policy is not intended for drivers who are hired to transport passengers. Actually, this type of coverage is excluded from most personal policies. Personal policies are trying to extend this exclusion to also exclude the time the ride-hailing app is on but it’s failed to convince this proposal.
What Mercury’s Ride-Hailing Coverage Includes…
- Excess Liability
- Comprehensive and Collision
- Uninsured Motorist
- Medical Payments
So to all Uber & Lyft drivers out there, there is hope! (and your welcome)
Don’t hesitate on giving us a call at (310)-835-3373 or visit our website to get to know who we are.