Please Be Aware Of Your Personal Automobile Liability Limitations!
9/6/2017 2:10 PM
With the introduction of Uber and Lyft as a way to earn some extra cash, many people are gravitating towards this lucrative opportunity.
But, as we know with opportunity there come risks, and one MAJOR risk is an EXCLUSION in you personal automobile insurance policy when it come to public livery(transporting the public for hire).
Ask your insurance professional about this limitation, because this could save you a lot of money should you have an accident while driving for one of these services and your insurance company deny liability coverage based on this EXCLUSION in your policy.
This type of exposure is no different than taxi cabs, limousines, busses and airport shuttles.
Coverage can be obtained for these exposures under a commercial automobile insurance policy that will cover a public livery exposure.