If you are an Uber driver, it may feel like you are on your own as far as insurance goes. However, this is simply not true. When it comes to insurance, costumer drivers are pretty much on their own, aside from the ride-sharing company they work for. Uber does not consider drivers employees, and things such as health insurance and life insurance are not offered, so things such as life insurance for Uber drivers unfortunately have some gray area areas. As with just about any insurance situation, it’s best to take whatever steps are available to make sure you get the best coverage for your individual situation. Here are a few of those steps:
Insurance for timeshare companies are all about gaps in coverage. These gaps are created because there are so many different elements that can go into an insurance plan. For example, consider how much coverage you get for your personal vehicle versus how much you would get for your vehicle if you were driving an expensive sports car. It’s easy to see how these gaps can creep up and cause problems for individuals who are not properly prepared for them. If you want to avoid those gaps in your coverage, you will need to make sure you are properly insured for your personal car and driving needs.
Many people do not realize that there are certain gaps in ride share driver insurance coverage that should be declared. Most people will experience insurance gaps when they get into an accident that was caused by another driver. In many states, this is not a matter of public record. If you are going to get quotes from various companies, it is a good idea to ask what kinds of gaps you may be exposed to because they may not tell you about them until you ask. This is something that you need to be very careful about because even minor injuries can cripple you financially.
The first thing you should consider with uber insurance is your personal accident history. There are many insurance companies that have regulations about drivers having certain numbers of accidents in a specific period of time. These regulations are put in place because of the risk of injury for those drivers. You should make sure you follow any number restrictions that are put in place so that you will be covered throughout your entire personal driving period.
You should also consider the personal auto policy riders that are in place for drivers who have other cars that they drive. Some auto insurance companies have requirements for drivers to have these additional riders in order to legally drive other cars. If you have a series of cars that you drive, you should definitely check with your timeshare company to see if there are any legal requirements for auto insurance companies to consider when it comes to your rideshare endorsement. This can end up saving you a lot of money.
If you find that you do not have any insurance options other than the standard personal auto policy that you currently have, you should definitely review your options with an insurance broker. There are brokers that are designed specifically to help people such as you and me with our coverage concerns. They have a wealth of knowledge about how much we can expect to pay for our insurance policies, what gaps we might be exposing us to, and what options are available to us.