• Home
  • Get A Quote
  • Customer Service
  • Refer a Friend
  • About Us
  • Location Map
  • Employee Directory
  • Privacy Policy
  • Contact Us
Call Us CALL US TODAY | (419)732-3171
Home
  • Home
  • Get a Quote
  • Customer Service
  • Insurance Options
    • Auto Insurance
    • Boat Insurance
    • Business Insurance
    • Condo Insurance
    • Flood
    • Homeowners Insurance
    • Life Insurance
    • Motorcycle Insurance
    • Renters Insurance
    • RV Insurance
  • Pet Insurance
  • Blog
  • Make a Payment
  • Resources
    • Refer a Friend
    • Important Links
    • Calculators
    • Insurance Glossary
  • About Us
    • About Frederick Agency, Inc.
    • Location Map
    • Employee Directory
    • Customer Testimonials
    • Privacy Policy
  • Contact
    • Contact Us
    • Join Our Newsletter
Auto Insurance AUTO

Auto insurance protects you against financial loss if you have an accident.

Read More
Homeowners Insurance HOME

A standard policy insures the home itself and the things you keep in it.

Read More
Business Insurance BUSINESS

Discover the perfect insurance options to meet your specific and unique needs.

Read More
Life Insurance LIFE

Browse a variety of insurance options in order to find the right one for you.

Read More
Condo Insurance CONDO

Learn about different condominium coverage options that fit your needs.

Read More
Boat Insurance BOAT

Finding insurance doesn't have to be difficult. We do the work for you.

Read More
Home > Blog > Ride Sharing and Insurance
TUESDAY, AUGUST 16, 2016

Ride Sharing and Insurance



Ride Sharing and Insurance

The insurance industry is busy responding to the relatively new challenge of Ride Sharing.  You download an app to your phone, call for a ride from one place to another and someone shows up to give you a ride, often for much less and much faster than traditional livery services (Taxi’s).  We have used these services and the drivers are happy, their cars are clean and they see this as a way to pick up some money at a flexible time that is right for them.

But, if you are doing this on the side with your personal car, you really need to check with your insurance agent.  Most policies suspend your coverage if you are using your car to haul people or things for a fee.  Because this exclusion is in your policy, you need to see how it applies to you.

In general, Insurance companies have addressed three phases of your ride.  The first is when you are sitting there waiting to give the person a ride.  Are you engaged in livery service or not?  And guess what – Insurance companies are in disagreement.  Some say you are holding yourself out as a livery service and therefore the exclusion kicks in.  Some say you are just sitting there since you are not compelled to give anyone a ride, but may choose to do so or not.  Better check with your agent.

The second phase is when you have committed to the ride, but are on your way to pick up the person who called you.  Even though you have not picked them up yet, most insurance companies agree you are now a livery service.

The third phase is when you have picked up someone and are taking them somewhere for a fee.  Classic test book example of a Livery Service.  Very probably excluded from your personal car insurance.

To be fair, the ride sharing companies do offer various insurance coverages at a fee.  They usually apply when your app is open (you are accepting customers).  You may want to analyze these carefully if you decide to get into the business.  And there are a growing number of companies that are offering or considering offering insurance for these situation.

Posted 11:16 AM

Tags: ride-sharing, car insurance
Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016

  • homeowners insurance(11)
  • auto insurance(8)
  • car insurance(8)
  • homeowners(5)
  • flood insurance(3)
  • life insurance(3)
  • business insurance(3)
  • condo insurance(2)
  • whole life insurance(2)
  • claims(2)
  • term life insurance(2)
  • brewery(1)
  • spring maintenance(1)
  • how much life insurance do i need(1)
  • bed and breakfast insurance(1)
  • tnt mentoring(1)
  • new puppy(1)
  • dwelling fire(1)
  • cat insurance(1)
  • brennan madison(1)
  • umbrella insurance(1)
  • dock insurance(1)
  • auto-owners insurance(1)
  • hunting tips(1)
  • ride-sharing(1)
  • lori madison(1)
  • rental car insurance(1)
  • pet insurance(1)
  • hunting safety(1)
  • cyber insurance(1)
  • home insurance(1)
  • dog insurance(1)
  • universal life insurance(1)
  • commercial insurance(1)
  • new kitten(1)

View Mobile Version
Facebook
Twitter
LinkedIn
Google+
Carriers
Carriers
Carriers
Carriers
Carriers
Carriers
Twitter Logo
Tweets by @iiiorg

Resources

Home About Us Get a Quote Customer Service Refer A Friend Contact Us

Contact Us

  • Frederick Agency, Inc.
  • 120 W. Second St.
  • Port Clinton, OH 43452
  • Local: 419-732-3171
  • Toll Free: 866-882-8946
  • Email Us
© Copyright. All rights reserved.
Powered by Insurance Website Builder