California Rideshare Insurance for Uber, Lyft and Sidecar rideshare drivers
Rideshare providers like Uber, Lyft and Sidecar have gained in popularity in California over the past few years. To best serve this growing new market and ensure there are no coverage gaps we are offering a new Rideshare Endorsement to Uber, Lyft and Sidecar rideshare drivers
The endorsement will extend coverage from the underlying auto policy to rideshare drivers from the time a driver becomes available to accept ride requests (by activating their app) until the driver accepts a request to transport a paying passenger. Without a rideshare endorsement, a rideshare driver only has minimum liability coverage when he or she is waiting to accept a ride. If he or she gets into an accident during this period, he or she may have to pay out of pocket to repair his or her car and for medical expenses. The underlying policy must have Bodily Injury (BI) limits of at least $50,000 per person/$100,000 per accident and Property Damage (PD) limits of $50,000 to qualify.
Starting July 1, 2015 rideshare drivers are legally required to be covered from the moment they turn on their app.
Ridesharing typically has three distinct periods:
Period 1: Driver has the App turned on and is waiting for a ride request.
Period 2: Driver has accepted a ride request and is enroute to pick up the passenger.
Period 3: Time between the pick-up and drop-off of the passenger
For those who choose to purchase this coverage for Period 1, the endorsement will extend their existing underlying coverage from the time the driver turns on the app until the time they accept a ride request.
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Periods 2-3 are covered by the rideshare company's insurance under a commercial policy.