GIRARD, Ohio – The Gibson Agency now offers coverage through Grange Insurance for drivers who use personal vehicles for a transportation network company such as Uber or Lyft.
While most of these type of companies offer some type of insurance coverage, drivers are not fully covered while waiting to accept a fare.
Uber and Lyft provide minimal insurance coverage before a fare is accepted and full insurance coverage once the driver accepts, picks up, and delivers the passenger to their destination. This creates a gap in coverage while drivers are waiting for a ride request.
Should an accident occur during that time period, TNC drivers may be forced to pay out of pocket for costly damages and/or medical expenses. Ridesharing Gap Coverage would fill in this missing coverage and provide the driver with full protection from the moment they turn on their mobile ride-sharing app.
SOURCE: The Gibson Agengy
Copyright 2017 The Business Journal, Youngstown, Ohio.
Published by The Business Journal, Youngstown, Ohio.
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