Rideshare insurance can cover various costs, from vehicle damage to rental car reimbursement. What you’re doing when the accident occurs will help determine if your TNC coverage or rideshare endorsement will apply.
For example, when you have the app open to wait for a ride request, your rideshare insurance may cover:
- Comprehensive (damage to your vehicle not in an accident)
- Collision damage
- Bodily injury
- Medical payments
- Damage to another vehicle
- Uninsured and underinsured motorists
- Rental car reimbursement
When you’re en route to pick up a passenger, your TNC coverage may or may not apply. If it doesn’t, your rideshare insurance will typically cover the above. When a passenger is in your vehicle, rideshare insurance can help cover what your TNC coverage doesn’t, such as roadside assistance.
Your rideshare policy may also cover some of the deductible in your TNC’s commercial auto insurance policy that you’re required to pay if an accident occurs. For example, your rideshare coverage may pay $1,000 of your TNC policy’s $1,500 deductible, bringing your contribution down to just $500.
The specifics of your coverage will depend on what’s covered in your personal auto policy and TNC policy. For example, if you don’t have uninsured and underinsured motorists coverage in your personal policy, your independent contractor insurance won’t cover it, either. Additionally, some TNCs provide coverage when a driver is en route to pick up a passenger, while others only cover the period when a passenger is in the car.
