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One problem with the ride-sharing apps (Lyft and Uber) is insurance companies are now wise to them. I just got my renewal, and they specifically exclude covera
by chiph 13y ago
One problem with the ride-sharing apps (Lyft and Uber) is insurance companies are now wise to them.
I just got my renewal, and they specifically exclude coverage for vehicle damage, occupant injuries, pedestrian injuries, and pretty much everything else, should your vehicle be used in a ride-sharing program.
- mistermann 13y agoPerfectly reasonable in my opinion.
- Houshalter 13y agoHow? Are they more likely to get in accidents? And even so wouldn't that justify higher premiums, not complete exclusion?
- seanmcdirmid 13y agoIf you drive more, you are more likely to get into an accident. This is why taxi drivers have to pay more for insurance than commuters. They definitely should pay a higher premium (or a premium scaled to usage).
- mistermann 13y agoNot to mention, in my experience taxi drivers have a tendency to want to get to their destination quickly!