NT Ride-Hail Drivers Should Check Their Motor Vehicle Insurance
Targeted News Service (Press Releases)
SYDNEY, Australia, July 4 -- The Insurance Council of Australia issued the following news release:
With a well-known ride-hail company starting up in Darwin and Palmerston next month, the Insurance Council of Australia is urging motorists to check their motor vehicle insurance policies before signing up as drivers.
ICA General Manager Communications Campbell Fuller said comprehensive and third party property motor insurance policies did not automatically cover drivers for ride hailing services.
"Most insurers regard using a private car for ride-hailing services as a commercial use of a motor vehicle," Mr Fuller said.
"If you are already providing a ride-hail service in the Northern Territory, or are considering signing up as a driver, you should check with your insurer to see if you are covered.
"Most policies exclude the use of a private vehicle for taxi or car-hire style services, though some motor vehicle policies may cover these services under strict conditions.
"A ride-hail driver involved in a collision who is not appropriately insured risks having their insurance claim denied, and this could expose them to debts of tens of thousands of dollars.
"NT ride-hail drivers should contact their insurance company to find out if their policy is appropriate, or talk to an insurance broker."
New Hurricane Preparedness Plans for British Overseas Territories in Caribbean
Liberty Rebrands Global Reinsurance Arm, Launches Italian Operation
Advisor News
- 6 in 10 Americans struggle with financial decisions
- Trump bets his tax cuts will please Las Vegas voters on his swing West
- Lifetime income is the missing link to global retirement security
- Don’t let caregiving derail your clients’ retirement
- The ‘magic number’ for retirement hits $1.45M
More Advisor NewsAnnuity News
- Industry objects to ‘tone and tenor’ of draft NAIC Annuity Buyer’s Guide
- Annuity industry grapples with consolidation, innovation and planning shifts
- Human connection still key in the new annuity era
- Lifetime income is the missing link to global retirement security
- ‘All-weather’ annuity portfolios aim to sharply limit rainy days
More Annuity NewsHealth/Employee Benefits News
- Virginia Dems spar with governor over money to pay looming bills
- WASHINGTON'S HEPATITIS C ELIMINATION INITIATIVE EXPANDED ACCESS TO TESTING AND TREATMENT WHILE REDUCING PER-PATIENT COSTS, UW-LED STUDY FINDS
- HOW EMPLOYERS SUPPORT LOWER-WAGED WORKERS' ACCESS TO HEALTH INSURANCE OPTIONS
- Health insurance tax credit for small businesses proposed
- Young cancer patients live the longest when they have this insurance: UTA study
More Health/Employee Benefits NewsLife Insurance News
- Milliman Launches Healthcare Inflation ETFs (MHIG & MHIP) to Hedge the Rising Cost of U.S. Healthcare
- National Life Group Releases its 2025 Annual Report and Business Highlights
- Is life insurance through an employer enough?
- Best’s Market Segment Report: Australia’s Non-Life Insurance Segment Navigating Growth in a Volatile Landscape
- AI and life insurance: Fast today, unpredictable tomorrow
More Life Insurance News