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03 Apr California Rideshare Companies
Anyone who lives or travels to California knows that hailing a cab is a thing of the past thanks to innovative applications. Rideshare applications for the various services is a unique and convenient service that is taking the nation by storm. The one big issue with the rideshare companies in California is INSURANCE! Although California rideshare companies have claimed to solve the insurance problem, I have yet to have a discussion with a driver who has actually viewed the policy that is supposedly covering them!
When it comes to rideshare insurance, I have read language on blogs, press releases, and company websites terms like “contingent”, “secondary”, and “excess” when it comes to protecting the a driver from a claim or lawsuit due to an accident. All of these terms mean that your PERSONAL auto could be at risk! That makes absolutely no sense when first dollar coverage is available for you.
While operating as a rideshare driver your personal auto policy has conditions within the policy to void coverage. What does that mean for you? If you have an accident, your personal auto insurance will likely deny the claim, and cancel you. If they pay the claim, they will still likely cancel you, and will place you in a high risk pool for the next 3 years! That could mean as much as 3 – 5K in additional premium for your auto insurance.
California Rideshare companies are a fantastic service. But don’t let the service you provide for these companies become a detriment for you personally. We have a unique insurance solution for rideshare companies and rideshare drivers where we offer you true commercial auto coverage. We can even look into prorating the costs of insurance depending on how often you work. The policy we issue is in your name, so you do not have to worry about if you are properly covered. Along with the commercial auto liability; we can provide physical damage coverage, uninsured and underinsured motorist coverage, as well as personal injury protection.