By Jon Brooks, KQED News Fix
The ride-service company Lyft on Wednesday announced it is offering additional insurance coverage to augment a $1 million excess liability policy mandated by the California Public Utilities Commission.
From the Lyft Blog:
(W)e have worked with leading insurance carriers to now provide additional insurance solutions for drivers on the Lyft platform. Today, we’re excited to be the first company to announce three additional excess coverages now live:
Collision ($2,500 deductible and $50,000 maximum applicable to drivers who have purchased collision coverage on their personal policy)
Uninsured motorists ($1M limit covering drivers if they are hit by an uninsured motorist that is at fault)
Underinsured motorists ($1M limit covering drivers if they are hit by an underinsured motorist that is at fault)
Two weeks ago, Kara Cross, general counsel for the Personal Insurance Federation of California, told us the lack of uninsured and underinsured motorist coverage was one of the defects in TNC, or transportation network company, insurance. Cross said that drivers injured while on a network company call could draw on the network company coverage only if the network company driver was judged to be at fault. Lyft’s new insurance coverage seems intended to address that.
Read the complete story at KQED News Fix.
