Now there's a solution for uberx drivers. Visit here to learn more about Erb and Erb Insurance Brokers Ltd. Ridesharing car insurance.
With an ever changing business environment comes many new opportunities. The ride-sharing economy is proof that technology can make our lives easier. Now Aviva Insurance has announced a simple and affordable solution to people using their vehicles for ride-sharing purposes.
Aviva is working with provincial insurance regulators, like the Financial Services Commission of Ontario as an example, to bring a ride-sharing addition to regular passenger vehicle insurance policies. Aviva Insurance will have this option in early February and Erb and Erb Insurance Brokers Ltd. is pleased to partner with Aviva to bring this product to our clients.
How Does it Work?
This program is meant to help those people who do not use their car as a taxi as a primary job. Those that happen to use their car a few times a week for ride-sharing will love the ease of this new product. It will be a simple endorsement onto your existing Aviva car insurance policy.
Having this policy means uberX drivers will have insurance that will protect them, their family, their cars, and most importantly, their paying riders! It's a win-win! From the moment a driver connects with a potential rider through to dropping the rider off at his/her destination uberX drivers will have ride-sharing insurance protection.
- Coverage available for drivers spending up to 20 hours a week participating in ride-sharing
- Cost for coverage will be calculated by driving record, time spent ride-sharing
- Inexpensive - it will amount to a fraction of the income drivers earn through ride-sharing
- Maximum of 8 passengers
- Driver is licensed a minimum of 6 years
- No other commercial usage
You can read the Aviva Insurance Ride-Sharing Insurance Press release here.
Stay Tuned For More Ride-sharing Car Insurance News
At Erb and Erb Insurance Brokers Ltd. we believe in helping our clients by providing as many options as possible. With this new program we can provide coverage for those in the ride-sharing economy, easily, effectively, and affordably. Exciting times.
it's your car, lets protect it