What happens if you don’t have rideshare or commercial auto insurance?

Lyft and Uber insurance provide some limited coverage during period 1, as shown above. But if that’s your only insurance for period 1 you will have pay out of pocket if you cause an accident with more damage or injuries.

For example, if you cause $50,000 worth of property damage to someone else in Period 1, Lyft or Uber insurance pays only $25,000. And if you back your car into a pole, there’s no collision insurance from Lyft or Uber in Period 1.

Also, if your insurer finds out you’re driving for a rideshare service and you haven’t mentioned it, you could have a claim denied or your policy cancelled. That’s another reason to get the right insurance.