So, just over 3 years ago, we posted on the opportunities - and dangers - of ride-sharing:

"Seeing a business opportunity in millions of cars that sit idle at office parking lots or on weekends, several start-up companies have introduced "peer-to-peer" car-sharing services"

We noted at the time that there were still a number of unanswered questions vis insurance coverage for folks who rented out their vehicles, and those who rented them.

Fast-forward 3 years, and the PIA (Independent Agents' association, primarily for P&C folks) has some new news, in the form of a handy flyer that details all the potential issues. Among them:

First, rideshare drivers aren’t currently subject to the regulations that taxi and livery services follow. That means drivers aren’t required to have city-regulated vehicle inspections or background checks, a public safety concern to many cities

Neither ridesharing nor vehicle sharing services are covered by traditional personal auto insurance policies. [ed: which we pointed out in our original post]

This caught my eye in a big way:

"A six-year-old girl was killed in a collision with a rideshare car in San Francisco. The driver said he was awaiting a fare at the time of the accident. Because the driver wasn’t transporting a passenger when the accident occurred, the rideshare company said he wasn’t covered by their policy – leaving the driver financially responsible"

Now, that one's still awaiting the court's decision, but it should be an eye-opener to folks thinking about either end of the transaction.

The more you know....

Download the flyer here.
 
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