Uber is a popular ride-sharing service that’s been in the news lately for all the wrong reasons. It seems like everywhere you turn, there’s some sort of story about Uber running away with someone’s money, or some rider getting hurt while using the service. While these types of incidents are certainly concerning, they don’t necessarily mean that you need to panic. In this blog post, we will explore what type of insurance you should consider for Uber use and provide some tips on how to stay safe while using the service.
What is Uber Insurance?
People often ask what type of insurance they need for Uber. The answer really depends on your individual needs and the risks you face while using the service.
If you are using the Uber app to get around town, then you probably don’t need any additional insurance. In fact, most policies won’t cover accidents or damages that occur during casual use of a smartphone or GPS system.
If you are driving for Uber, however, you will want to make sure you have adequate personal automobile liability insurance coverage. This insurance will protect you in case someone is injured as a result of an accident while you’re driving for Uber. You should also have property damage liability insurance in case of accidents while transporting passengers.
Types of Coverage
When you use Uber, you’re automatically covered by the company’s $5 million liability insurance policy. That covers you in case someone files a lawsuit against Uber because of something you did while using the app. However, if you need additional coverage, consider purchasing commercial auto insurance quotes from several different insurers to get an idea of what your rates might be.
There are three types of coverage that are important when using Uber: personal injury protection (PIP), property damage liability insurance (PDL), and uninsured motorists coverage (UM). PIP will help pay for medical expenses and income lost during your time away from work while injured in an accident. PDL will cover your vehicle if it is damaged or destroyed while you’re driving it, and UM will reimburse you for losses caused by uninsured drivers who hit your car.
If your use of Uber specifically calls for other types of insurance, like workers’ compensation or commercial auto insurance, be sure to ask your agent about those options as well. Coverage can vary greatly depending on the state in which you live and work.
How Much Does Uber Insurance Cost?
Uber is a popular ride-sharing service that allows people to request rides from other users. Because Uber drivers are not required to have insurance, it’s important to be aware of the different types of policies that may be necessary for using the service.
If you use Uber often, it’s worth getting a policy that covers you in case of an accident. While Uber doesn’t require insurance, many customers choose to buy coverage in case they get into an accident while using the service. There are a few different types of policies you may want to consider:
Uninsured Motorist Coverage: This type of policy pays out if you’re involved in an accident with someone who isn’t covered by their own vehicle insurance. This policy can cost as little as $10 per month, and will usually cover your costs if you’re injured or if your car is damaged.
This type of policy pays out if you’re involved in an accident with someone who isn’t covered by their own vehicle insurance. This policy can cost as little as $10 per month, and will usually cover your costs if you’re injured or if your car is damaged. Collision Coverage: If your car does damage another person’s property in an accident, this type of coverage will pay for the repairs. It’ll also cover any expenses related to driving while your car is damaged, such as lost wages and transportation costs.
What To Do If You’re In A Accident
If you are in an accident while using Uber, the first thing to do is contact Uber. Immediately after the accident, make a police report and seek medical attention as necessary. If you were driving for Uber at the time of the accident, be sure to provide your driver’s license and vehicle registration information to the Uber customer service representative. If you were not driving for Uber, be sure to obtain liability insurance for yourself and any passengers in your vehicle. Additionally, if you have comprehensive or collision insurance for your car, we recommend that you add Uber as an additional policyholder.
Conclusion
If you’re wondering what type of insurance Uber requires, read on to learn more. Most likely, you will need personal liability insurance (PLI) and property damage insurance (PDI). PLI covers you if someone is injured while using your Uber app or when they are riding in an Uber car, and PDI protects the company from losses caused by vandalism or theft. You may also want to consider additional coverage such as auto insurance, motorcycle insurance, and homeowners’ insurance. For a full list of what’s covered under each policy type, check out our guide to the different types of Uber policies.
