If you work as a rideshare driver, you need to have good accident insurance coverage. You might think you have enough coverage through your personal car policy. That's not the case though. It's also not the case that you'll have enough protection through the rideshare company. To get the right level of protection, you need to invest in rideshare insurance. If you're not sure you need personal rideshare insurance, read the list provided below. You'll find four reasons to add rideshare insurance to your policies.
When you work as a rideshare provider, there are times when you'll be offline. You can go offline while you're updating your app. Or, you can go offline due to connection issues. If something happens while you're offline, the insurance you have through your rideshare company won't provide coverage.
Unfortunately, that means you could end up paying out-of-pocket for your car accident. That's where personal rideshare insurance comes into the picture. When you have your own rideshare insurance, your policy will cover any accidents you're in while you're offline.
If you're a rideshare provider, you'll spend a lot of time waiting for a match. If you're like most rideshare drivers, you'll spend this time driving around. If you're involved in an accident while you're waiting, company rideshare insurance might provide some coverage.
But, that coverage might not be enough to cover a serious accident. That's where personal rideshare insurance becomes beneficial. Your personal rideshare insurance will provide full coverage for any accidents you're in while waiting for a call.
You're on a Call
When you work as a rideshare driver, your active call time will start when you're matched with a rider. That's when most company rideshare insurance will take full effect. But, it still won't provide full coverage for you.
This is especially true with regard to your personal vehicle. Some company insurance policies have high deductibles attached to them. That's why you need to have your own rideshare insurance. With personal rideshare insurance, you get the protection you need in an accident.
If you provide rideshare services, you might also provide food delivery services. If that's the case, you need to have the right insurance. Your company rideshare insurance won't protect you when you're working as a food delivery driver. That's where personal rideshare insurance becomes beneficial. Your rideshare insurance will also provide accident coverage when you're delivering food.