![Liability Commercial Insurance And Ridesharing Video In 2021 Uber Driving Business Insurance Insurance](https://i.pinimg.com/736x/6a/ac/20/6aac20206ad9424b135695bf427b15cd.jpg)
Heres how it works.
Does my insurance cover uber driving. If you drive for Uber in Ontario or Alberta youre automatically covered by a basic commercial car insurance policy through Intact Financial Corp. However failing to do so is a severe risk that puts your finances and your coverage. Personal insurance policies limit coverage when drivers are.
The deductible means youll have to pay 1000 out-of-pocket before Ubers coverage kicks in to cover your claim. Your insurance company can most likely cover you if you decide to work for Uber or Lyft but your current insurance package likely does not. So youll need to pay out of pocket for damages to your vehicle and for medical costs if applicable.
Intact Insurance Novex and Jevco have updated their personal auto underwriting rules to allow ridesharing for Uber drivers. Regular Insurance Doesnt Cover Ridesharing. However if you have a standard car insurance policy then you probably will not be fully covered.
How much do you pay. As a ride-sharing driver youre also required to maintain auto insurance that meets your states minimum financial responsibility. This Uber insurance policy is primary insurance which means it takes effect before your personal insurance does.
Your personal auto insurance will apply to a covered accident while using your vehicle for personal use and while driving on the Uber app but prior to accepting a ride request. Assuming you have not been driving for monetary purposes previously you likely have a personal insurance. However this coverage is contingent and comes with a 1000 deductible.
The short answer is no but its not quite that simple. If your car insurance plan has ridesharing coverage then youll be fully covered while working for Uber Lyft and any other ride-sharing company. Your insurance company is not legally required to know when you decide to use your vehicle for Uber.