What began several years ago as a means for an individual driver to earn a few extra dollars providing local folks a ride around town or a safe ride home from the local tavern has blossomed into a Multi-Billion Dollar industry! Statistics show that over 1.4 million drivers are currently registered with Lyft and an additional 750,000 drivers with Uber. However, the number of drivers using their personal cars for a fee is just the beginning! Uber has expanded services into Uber Eats, delivering take-out food. While Amazon has opened 2-hour grocery delivery through their partnership with Whole Foods Markets.
If you have registered to serve in any of these emerging industries using your personal car for rides or deliveries, there are several things you need to know:
- Notify our office immediately of your participation in the services!
- We can update your insurance policy to coordinate with the vendors coverage.
- Failure to have the correct classification on your policy will invalidate coverage and claims will be denied.
- Insurance protection under each vendor varies based on the activity you are contracted to do.
- The vendors insurance will apply during your scheduled run or delivery, but only when their “app” is active.
- They will deny liability if the run or task has been completed. This could leave you in an uncovered claim situation for your passengers or yourself.
- Read the fine print!
- Each vendor has a lengthy contract when you enroll. Review it carefully, it is better to be safe than sorry.
- Know the limits that you are required to carry when working for their service.
Finally, call our office and speak to one of our licensed agents, we can guide you with the correct coverage to avoid a problem situation!