Ridesharing and Insurance
You’ve probably heard of ridesharing companies by name, such as Lyft® and Uber®. But, do you know enough about these and other Transportation Network Companies (TNCs) to protect yourself in the event of a loss? Ridesharing is still a new concept in the insurance industry and the laws and regulations for this activity are evolving. The following information is intended to provide a basic overview of ridesharing as it currently exists. It is in your best interest to discuss all insurance coverage questions, needs, and potential exposures with your local independent insurance agent.