Less than a decade ago, if you told someone to jump into a stranger’s car and let them drive you to their destination instead of hailing a taxi, they would have looked at you like you were crazy. Today, with the rise of ride sharing companies like Uber and Lyft, this idea is not so outlandish. App-based ride sharing programs have revolutionized the way we get around, making easy, affordable transportation a simple click away. However, one of the biggest challenges to the implementation of this new scheme is concerns about their safety. After all, it’s not always the best idea to trust just any driver with your life. To assuage fears that riders will be horribly injured in accidents and left to the mercy of their driver’s personal insurance policy (if they have one at all), ride sharing companies and the insurance companies who cover them have set up a new type of insurance program to handle these situations.
Ride Sharing Insurance Requirements
Uber splits all journeys into three phases, outlined below