When the COVID-19 pandemic subsides, there may be some individuals that are unemployed or furloughed waiting to get back to work, who may consider driving for Uber or driving for Lyft to make some extra money. If you are new to Uber or Lyft, you need to ask yourself this question–What do I need to drive for Uber or Lyft?
When it comes to insurance, your personal auto coverage may not cover you for driving with Uber or Lyft. Even though Uber and Lyft have insurance coverage, this is limited to liability only when you are waiting for a customer. During the time you are waiting for a customer, your personal auto policy does not cover you. Having a gap in coverage is a big problem when it comes to driving with Uber or Lyft.
If you are going to be driving for either Uber or Lyft, be sure to understand the coverage you could be missing in your personal auto policy and see if you can get an Uber or Lyft coverage endorsement to protect yourself and your assets.
Give Hopmeier Evans & Gage a call to figure out your options!