California Vehicle Code Section 5430
requires ridesharing companies to carry a minimum of $ 1 million in uninsured and underinsured insurance premiums to cover:
Not exact matches
At least in the case of
ridesharing companies, these background checks don't always meet the rigor of checks
required for taxi drivers in certain areas.
No one would be
required to use Uber, Lyft or any other
ridesharing company, but I believe we should have the option here in Western New York - just like almost everywhere else in the country.
In February,
ridesharing company Uber announced that it is
requiring drivers to go offline for six straight hours after a total of 12 hours of driving time.
The
rideshare company employing your driver is
required by California law [Vehicle Code 5430 VC] to maintain an insurance policy to cover accident - related costs.
These claims often are complicated because it
requires investigation by an experienced Boston
ridesharing accident attorney to find out who the correct insurance
company is to pursue.
Ridesharing companies are
required, by law, to carry insurance coverage in case a passenger is injured.
California law
requires Uber, Lyft, and other
rideshare companies to carry specific types and amounts of insurance to cover:
California Vehicle Code 5430 VC
requires these
companies to carry a minimum of $ 1 Million in premiums to cover personal injury, death, and property damage caused when an accident occurs while a
rideshare driver is on the clock.
While this side hustle doesn't
require any start - up capital, you may need to do some extra things to be approved by the
rideshare companies, like having your car inspected by a third - party mechanic before you can drive.
When you log in to the
rideshare company's app, you could be faced with a coverage gap that could
require you to pay for damages out of your own pocket, in the event of a claim.
If you use your vehicle for business or for
ridesharing services like Uber and Lyft, some
companies may charge you more, or may even
require a commercial policy.
Drivers who work for a
ridesharing service, such as Uber or Lyft, will still be
required to have liability insurance, but the
ridesharing company will be responsible for damages over the maximum payout of the driver's policy.