Uber and Lyft are rideshare companies created to provide a cheaper way to hire private drivers by pooling the cost with friends. In order to decrease transportation services, Uber and Lyft created “ridesharing,” which is simply splitting the cost of a ride from a paid driver between friends headed to the same place or strangers headed in the same direction. By allowing people headed in the same direction to split the cost of a ride, the price of an Uber or Lyft became much more affordable than a ride in a taxi. These rideshare companies essentially rendered taxis obsolete.
If you are a driver for either Uber or Lyft, you have $1 million in insurance protection as long as you have a designated rideshare passenger in the car with you, or if you are on your way to get a rideshare passenger. If you are working, but neither have a passenger nor on the direct route to get a passenger, for example when you are driving around waiting on a passenger request, the coverage you are eligible for from the rideshare’s insurance policy is dramatically less, however, the exact amount depends on circumstances.
To learn more about what automobile insurance coverage is applicable to their drivers and passengers through Uber or Lyft, make sure to review their disclosures on their websites. (See links below)
- Uber: https://www.uber.com/us/en/drive/insurance/
- Lyft: https://help.lyft.com/hc/en-us/articles/115013080548-Insurance-Policy
After being involved in an Uber or Lyft accident, try to remember as many details and preserve as much information of the accident as possible. Make sure to gather information of all the parties involved and any possible witnesses. Call 911 to ensure that medical personnel attend to injured parties and that an officer comes to document the incident. Take photographs and videos of the accident scene, damage, and your injuries. Seek medical attention as soon as possible. Most importantly remember not to speak with any insurance companies after an accident. You do not have to try and seek compensation alone. Insurance companies can be tricky and difficult in fairly compensating you for your damages and injuries. Seek the help of a skilled Florida rideshare personal injury attorney at Borkovic Law Group by calling 727.798.5291.