Ridesharing insurance- why getting insurance is necessary

Are you thinking of driving Uber or any taxi, but not know about the types of insurance you can take? If yes, then ridesharing insurance is best for you. It is an insurance that complicates straightforward relationship of personal and commercial insurance. This types insurance is often taken up by people who want to share their ride. However, to keep this simple, rideshare coverage easily extends your both personal and commercial policy while you work in any taxi company but haven’t requested for the ride. Once you request for the rise, it becomes important for you to get ride coverage.

How does rideshare insurance work?

There are 3 periods in which rideshare coverage is divided that are mentioned in the below article:

·         Period 0- this type of insurance is used when the driver is not making use of rideshare application. This can be related to anything whether you are going to office or doctor.

·         Period 1- this period of insurance begins when you driving around the city using the rideshare application but haven’t received any pick-up request. Here, on this stage, you will be covered by rideshare car insurance. Although, every taxi whether Uber or ola offer coverage for this period, but they only provide liability protection for other passengers and vehicles.

·         Period 2- this period begins when your app is active and has received a pick-up request and you are on the way to pick up your customer. This is the time when rideshare car insurance and personal coverage stop offering you coverage.

·         Period 3- period 3 begins when your app is open and you are currently driving with your customer to make him/her reach the destination. With this period, your insurance kicks in.

Why is ridesharing insurance important?

This type of insurance is important because while you wait for any pick-up request rideshare coverage makes the insurance company not to cancel you from being the rideshare driver. Thus, getting ridesharing insurance is very important as it helps you keep your personal and commercial policy safe.

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