State Approves MAPFRE Insurance To Provide Gap Coverage For Rideshare Drivers

By a News Reporter-Staff News Editor at Insurance Weekly News -- In an important move aimed at protecting Massachusetts drivers, MAPFRE Insurance will be among the first insurers in the state to offer gap coverage to auto insurance policyholders using their personal cars to drive for rideshare companies like Uber and Lyft. The state's Division of Insurance has approved the filing.

MAPFRE, the largest private passenger and commercial automobile insurer in Massachusetts, will begin offering the gap coverage on May 1, 2017. MAPFRE is introducing this coverage following the implementation of state legislation pertaining to the coverage that rideshare companies and drivers must carry for vehicles used to provide rideshare services. The endorsement offers critical coverage to drivers when they turn on a rideshare app and provides protection until they accept a passenger request.

"As the market leader in Massachusetts, MAPFRE is committed to providing our customers with innovative products that fit their full lives and evolving needs," said John Kelly, Senior Vice President, Northeast Region. "With the growth of ridesharing activity across the state, we know thousands of drivers for companies like Uber and Lyft need appropriate protection. Guided by the leadership of the Governor and Legislature, MAPFRE is proud to be among the first carriers in the Commonwealth to offer an auto insurance endorsement that will help close a potential gap in the coverage available for Transportation Network Company drivers without appropriate coverage. We encourage our customers and agents to discuss this new coverage feature with customers who are active ridesharers."

Keywords for this news article include: Mapfre Insurance, Insurance Companies.

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