What To Do If Involved in Uber or Lyft Accident
What to do if in an accident.
The convenience of using an App on your smartphone to call for a taxi ride with companies like Uber and Lyft has increased the number of individuals opting to use these ride-sharing car services. There is a difference between a traditional Taxi Company insurance policy and a Ridesharing insurance policy.
A traditional Taxi Company in most cases has liability insurance for its vehicles. These policies vary in the amount of insurance coverage provided. Some policies cover for injuries, medical expenses and other losses caused by an accident. These insurance limits vary however depending on the Taxi Company.
Earlier this year, the New Jersey Legislature passed a law entitled the Transportation Network Company Safety and Regulatory Act which governs ridesharing car services like Uber and Lyft. In many ways but not all, you are provided better insurance in a ridesharing car service that is complying with the new ridesharing law. (more…)
