Title : Allstate Ride for HireAn extra layer of protectionAllstate Insurance
link : Allstate Ride for HireAn extra layer of protectionAllstate Insurance
Allstate Ride for HireAn extra layer of protectionAllstate Insurance
Did you know that, if youre driving fora Transportation Network Company, such as Uber or Lyft, you may not be covered under
your personal auto insurance policy? When driving for a TNC, its important to
understand that, there are 3 periods in which the driver might participate. In period 1
the app is on and the driver is waiting for an assignment, in period 2 a ride has been
assigned, and in period 3 a passenger is in the car. In any of these periods, exclusions may apply
for most or all major coverages in your personal auto policy. Depending on your policy, these
exclusions may apply from the time when you turn the app on - indicating that you are
available to accept rides - until you finish your TNC activity and turn the app off.
Lets see an example, where we assume the
TNC provides its drivers insurance coverage: John is in period 1 waiting for a TNC passenger
assignment when he accidently rear-ends Susan, sending her to the hospital. In this scenario, assuming the TNCs insurance
policy doesnt fix Johns car, only partially covers Susans repairs, and doesnt cover
all her medical bills, John may find himself paying for whats not covered by the TNCs
insurance If only he had called his Allstate Agent to
add the Allstate Ride for Hire endorsement, for around $15-$20 a year! It can help fill
some of the gaps that can arise between the TNC insurance policy and Johns own personal
auto policy. So in other words, depending on Johns policy
limits and the facts of the loss, Allstate might have helped pay to fix his car and might
have helped cover the remaining damage to Susans car and might even have helped to
pay the balance of her medical bills. Now lets look at the same example but for
period 2 or 3: Ride for Hire provides less coverage in Period 2 and 3 than it does for
Period 1.
What if John is driving to pick up a TNC passenger, or giving a TNC passenger
a ride, when he rear-ends Susan? Say the TNC policy deductible is $1000 and
his personal auto policy is $250; Allstates Ride for Hire Endorsement will only cover
up to the difference in the deductibles, here $750. To learn more about how you can increase your
peace of mind while driving for a TNC at a great price, contact your Allstate Agent today!.
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