Insurers Working To Offer Coverage For Ride-Sharing Drivers
|By Tim Eaton, Austin American-Statesman|
|McClatchy-Tribune Information Services|
Auto insurers are working on a new and potentially important type of policy for drivers who cruise around town in their cars -- some of which are emblazoned with pink mustaches -- trying to make a few extra bucks.
One of the recent complaints against Lyft and Uber -- the ride-sharing companies that recently debuted in
Cab drivers, who see the ride-sharing companies as a threat to their livelihoods, have embarked on a campaign to raise awareness about the possibility that passengers of ride-sharing cars -- Lyft cars are marked by a pink mustache on the car grill; Uber cars are unmarked -- might not be covered in the case of an accident.
But the cabbies' argument might fall flat in the future.
"Everyone is trying to come up with a solution," Hanna said.
Hagins also said that most insurers offering personal auto policies do not rate their policies for commercial uses.
Both Uber and Lyft have liability policies that insure drivers who take on passengers under their name. But they are supposed to pick up where personal polices leave off, the companies have said.
Advice from the
But given the opportunity to supplement his personal insurance with an add-on or additional policy -- as long as it is reasonably priced -- Stephens said he'd jump at it.
"I think it definitely would be the smart way to go," he said.
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