If you or someone on your policy is driving for a Transportation Network Company, like Uber or Lyft, you need to know about gap coverage and transportation network endorsement.
Most insurance companies will not issue a policy for personal insurance coverage when they know that driver works for Uber or Lyft. Upon discovering your employment they can cancel and/or not renew the policy, or even worse, deny a claim.
This could be the first issue you run into if you are thinking about driving or are already a driver for a TNC. Almost all personal auto policies exclude livery.
The second important issue in this industry is the gap period. Uber and Lyft provide insurance coverage while the driver has a passenger in the car. But the period while the driver is waiting on passengers or in between passengers has been a point of contention since an Uber driver struck and killed a pedestrian in San Francisco in 2013. Neither the company nor the insurance providers would take responsibility for the claim.
The whole point of having insurance is so you’re covered.
Now there are several companies whom we work with at Cappuccino Insurance that provide both personal car insurance and who will “endorse your policy” for gap coverage.
If you or family members on your policy are driving for Uber or Lyft, talk to your insurance agent to look over any exclusions on your current policy and learn about the best companies for gap coverage. Cappuccino Insurance is here to answer your questions!