Insurance Co Offer Rideshare Insurance Coverage for Ride-Hailing Drivers
WOODLAND HILLS, Calif., Aug. 15, 2016 /PRNewswire/ — Farmers Insurance®, announced the introduction of its new Rideshare Insurance Coverage, which is designed to make Rideshare Insurance Coverage options available for ride-hailing drivers in Michigan, beginning today.
The new Farmers Rideshare Insurance Coverage can provide Farmers customers coverage when a driver turns on the ride-hailing application and during the time the driver is awaiting a match. The Farmers Rideshare Insurance Coverage will extend a driver’s Farmers auto insurance coverage until they accept a ride, at which point their TNC affiliate’s commercial insurance coverage would apply.
Farmers Rideshare Insurance Coverage enables a driver to select the coverage that fits their needs; including comprehensive and collision coverage that can pay for damages to their own vehicle, uninsured/underinsured motorist coverage (in case they are hit by a driver who isn’t insured or is underinsured) and Medical Payments coverage.
