Uber or Lyft drivers could face the maximum financial risk in an accident. According to a survey conducted by SherpaShare, 1,022 rideshare drivers, 77% of the total percentage of drivers, have not purchased additional ridesharing insurance coverage beyond what is offered by Uber. Uber offers coverage of up to $1 million in an accident. However, this is applicable only when drivers have a passenger in the car or are on the way to pick up a rider.
If an Uber driver has an accident while waiting for a passenger, the coverage can be up to a maximum of $100,000 per accident to cover liability for injuries incurred. This is almost double the amount of liability coverage of an average U.S. driver.
According to the Insurance Research Council, 12% of all U.S. drivers go without any insurance coverage. If you are in an accident where the Uber driver was at fault, you can be compensated for the injuries incurred. In addition, depending on the state and the circumstances of the accident, you may be able to sue the rideshare company for damages beyond the policy cap.
Uninsured or underinsured coverage
Evaluate your own policy to make sure that you are covered in any accident. Always carry coverage in case of accidents with uninsured or underinsured motorists. You can tap your UM or UIM coverage for expenses that go beyond the coverage of at-fault driver policies. One of the best ways to protect yourself is to make sure that you have high UIM coverage.
Risk to the Uber or Lyft driver
According to a survey, 31% of Uber drivers feel comfortable with the policy limits provided by the company, while 40% indicated dissatisfaction and were shopping for additional insurance coverage. If Uber drivers get into an accident while waiting for a call, Uber will not cover damage to the driver’s vehicle. Therefore, there is a higher risk for Uber drivers to go without additional insurance coverage.
Have You Been Injured in an Uber Accident? Contact Us!
The attorneys at Jacoby & Meyers, LLP NY, understand the difficult situation faced by people involved in Uber car accidents. The Uber accident attorneys at Jacoby & Meyers, LLP NY will clearly explain every option to you and will work tirelessly to represent your case so that you can receive your rightful compensation. Call 877-504-5562 or email [email protected].