Since the birth of technology-based transportation networking companies, such as Uber and Lyft, 29 states have passed legislation to address the insurance coverage gap that exists. Florida is not one of them. For the third straight year, the Legislature put the ride-sharing bill into park.
Commercial ride-sharing is gaining in popularity. Many states have adopted model legislation to address the gap in auto insurance coverage that exists. The gap occurs when a ride-share driver is “on the clock” to pick up a fare and when a passenger gets into the car. If a car crash happens along the way, that driver would be on his own dime. And, most of those drivers are unaware of this.
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Most personal auto insurance policies do not provide liability coverage if the vehicle is used as a “public or livery conveyance”.
Another innovation born of mobile technology is the move to a sharing economy. People like to connect, and many like to make extra money by sharing stuff they already own. That’s what ride sharing is all about. It links people who need a ride with car owners who want to use their cars to bring in a little extra cash by chauffeuring strangers around town. It’s a business model that seems to fit in Florida where public transportation is often spotty and hailing a cab is simply not possible on every street corner, as it is in a metro like New York City.
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