FALL 2020 - AEI CLAIMS LAW UPDATE
Ridesharing and Insurance, Oh The Issues This Creates
FACTS: Many people now earn or supplement their living by driving for a ridesharing company such as Uber or Lyft. These companies are referred to as transportation network companies (TNCs). TNCs pair drivers with individuals who seek transportation through on-line service or smart phone app. While this seems harmless enough, it raises a host of issues when it comes to auto insurance coverage. Many people are unaware that they have no coverage under their personal auto policy (PAP) for this vehicle use because of a public or livery conveyance exclusion.