LAS VEGAS - nvtip -- A rideshare policy is critical to prevent coverage gaps. Typically, standard personal auto insurance might not cover you while you're on the clock for a rideshare service. To ensure adequate protection while driving for Uber and Lyft, you need additional coverage in the form of rideshare insurance to keep you covered between your trips.

If you're considering signing up to ridesharing companies like Uber or Lyft, you might be wondering about the implications on your auto insurance and who would pay in the event of an accident. Ultimately, your personal auto insurer is unlikely to cover any accidents that happen during commercial activity. It could even cancel your policy if it finds out you haven't disclosed you drive for ridesharing companies or app-based delivery services.

How Does Uber and Lyft Commercial Auto Insurance Work?

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While Uber or Lyft provide some coverage while on the job, the coverage is only temporary and may offer less protection than you actually need. In the world of ridesharing and insurance, commercial coverage is broken down into four stages, depending on where the driver is in the process.

Period 0 – The app is closed. Since the driver is not in driver mode, the driver's own personal car insurance coverage will apply to any accident that occurs.

Period 1 – The driver has the app on, and is driving around waiting for a ride request. Uber and Lyft insurance is limited to liability coverage. A personal policy without ridesharing coverage won't cover you.

Period 2 – The driver has been matched with a rider and is on the way to the pick-up. Your rideshare company's policy is in full force.

Period 3 – You have passengers in the car. Your rideshare company's policy is in full force.

Uber and Lyft's commercial coverage policies are in full effect when you've accepted a ride and are carrying passengers. So, if an accident occurs when the driver has the app on and is waiting for a ride request (Period 1), you'll be less protected than any other stage of the trip.

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Read the full article: https://www.nevadainsuranceenrollment.com/auto-insurance-for-uber-lyft-drivers/

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