State Farm Introduces Transportation Network Company Driver Coverage in 14 Additional States and D.C.
Insurance provided by TNCs may be limited in scope and coverage. Personal auto policies generally do not extend coverage to the use of personal cars as taxis or livery vehicles, including their use in TNC services.
To adapt to changing customer needs, beginning
The effective date for new and renewal for these states is
Twenty-three jurisdictions obtained the endorsement in 2016:
"Adapting and innovating to our customers' changing needs is critical," said
TNCs may provide high liability coverage limits while a paying passenger occupies the driver's vehicle or when the driver has been connected with a passenger and is on the way to pick that person up. But TNCs tend to provide a much lower limit of liability coverage when drivers are just available for hire and may not provide the drivers with any medical payments, comprehensive, or collision coverages at all. The TNCs may not be providing coverage for injuries to the driver or coverage for any damage to the driver's personal car.
The new, optional State Farm TNC Driver Coverage endorsement enables a policyholder to have his/her personal auto policy fill in the coverage gaps left by TNC-provided insurance. This cost-effective endorsement provides the driver with the full liability coverage limits carried on his/her auto policy during the period of time when the driver is available for hire, and provides the driver with all other coverages applicable to his/her auto policy during all periods of TNC driving.
Customers in these states who drive for a TNC should contact their local
Read more at https://newsroom.statefarm.com//newsroom.statefarm.com/state-farm-tnc-driver-coverage-032017#XH78PV2SEhSB1UV5.99
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