As an Uber and Lyft driver, am I covered with the minimum required coverage in Florida? Many individuals opt to become rideshare drivers to make a living. In South Florida, specifically in Miami-Dade, around 12,000 people work as Uber or Lyft drivers. This business offers a certain level of freedom and autonomy, allowing one to work without a boss and at convenient hours.
However, as a business, it’s crucial to have commercial insurance that protects your assets and the client and assumes liability for third parties.
While the minimum coverage required by Florida law is sufficient to register as a driver on ridesharing platforms—$10,000 for Personal Injury Protection (PIP) and $10,000 for Property Damage Liability (PL)—both Uber and Lyft provide their drivers with commercial insurance of at least one million dollars in PIP and PL, automatically activated when drivers are transporting a passenger.
However, suppose you’re an Uber or Lyft driver with private insurance who lacks comprehensive collision coverage and causes an accident while transporting a passenger. In that case, I regret to inform you that repairing the damage to your car is entirely your responsibility. Your insurance won’t cover the repair costs, as it lacks adequate coverage, nor will Uber or Lyft’s commercial insurance.
To avoid such a dire scenario, you should include comprehensive and collision coverage in your private insurance; only then will Uber or Lyft cover your car’s repairs under any circumstance with their commercial insurance.
In conclusion, if you’re in the ridesharing business and want to protect your income, consider getting comprehensive collision coverage from Univista Insurance. As an Uber and Lyft driver, am I covered with the minimum required coverage in Florida?
Give us a call today for a comprehensive evaluation! 305-728-2088. You can also get a free quote here.
