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Car insurance is a vital expense that you must always have when driving a car. There was a recent fatal accident involving a customer of Uber that brought to light some devastating gaps surrounding insurance coverage for driver, company and passenger. It appears that freelancers aren’t required to carry a high threshold of collision damage and simply requires uninsured motorist coverage. The remainder of the article focuses on opinions regarding where regulation of insurance should be heading.

Key Takeaways:

  • In the new sharing company, ride sharing companies like Uber, Lyft, and Sidecar are making a compelling case that the government shouldn’t treat them like conventional service providers.
  • Ride sharing companies argue that they are not taxi companies but rather they empower people to act as limo drivers on a part time basis.
  • Each ride sharing company has a smartphone app which gives freelance drivers the ability to offer rides for a fee.

“A recent fatal accident involving a driver who used Uber highlights gaps in the insurance coverage that ride-sharing services, their drivers and state regulators can’t ignore.”

Read more: https://www.latimes.com/opinion/editorials/la-ed-uber-insurance-20140206-story.html#axzz2sfdEB7W4

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