Ridesharing has provided many people the opportunity to earn extra income transporting others from here to there. Driving for companies such as Uber or Lyft and other delivery services comes with rewards as well as risks. Presumably, rideshare drivers experience more wear and tear on their vehicles, and the increased time on the road increases the risk of collisions and accidents. Auto insurance policies often don’t include coverage for livery which includes ridesharing and delivery services. Are you covered in the event of an accident or other loss?
Understanding TNC Protection
Transportation Network Companies or TNC insurance helps cover the gaps in insurance protection. Even though ridesharing companies offer additional coverage, you may be unprotected if something happens while you’re waiting for a pickup request. A TNC or rideshare insurance provides these coverages whether on or off the job:
- Bodily injury
- Property damage
- Medical bill payment
- Uninsured/underinsured motorist
- Comprehensive and collision
Covering your rideshare auto with TNC protection helps to ensure that an uncovered claim doesn’t threaten your business.
Protecting Your Business
Leaving your car in the hands of a typical auto policy or rideshare protection can cost you serious money. Not only do you have the costs associated with repair or replacement, but there’s also lost money from not having a car to fulfill trip requests. Don’t delay. Get a TNC policy to protect your rideshare business today.