Ridesharing is part of the emerging sharing economy and includes services such as Uber’s UberX. Ridesharing continues to grow at a rapid pace and is absolutely changing the way we travel.
Uber has made a deal with Intact and bought commercial coverage for their drivers. This means that those insured with Intact can now drive for Uber for no extra cost over their regular premium. Customers simply have to be insured with Intact and call their broker or agent before participating. The Intact coverage will apply from the moment drivers make themselves available to accept a ride request until passengers have exited the vehicle. Offering utmost peace of mind for both drivers and passengers, most importantly at no extra cost to the driver.
This unique ridesharing product will benefit both drivers and passengers, and speaks to how insurance is evolving to meet the needs of consumers. The coverage breaks down as follows.
Existing customers that would like to drive for UberX can please contact their Broker. New customers can get started by contacting us.