21 Oct '16, 2pm

Is taking an Uber car riskier than riding in a good old fashioned taxi?

If you need a ride to get somewhere, you may naturally reach for your phone and order an Uber or a Lyft. While there are many benefits of rideshare companies, there are also a few safety concerns regarding rideshare insurance and liability. Rideshare drivers are exposed to insurance risks because their personal insurance could be dropped if they are using their car for profit by transporting others, and Uber or Lyft might not extend coverage to the driver in every circumstance. If you are a rider, you could also be exposed to insurance risks because if your driver’s insurance company has dropped his policy and you are involved in a crash, you may not have any benefits to cover your medical expenses. Essentially, you are buying an unknown product because you don’t anything about your driver. There are some very tangible risks with rideshare companies as opposed to tradition...

Full article: https://www.taxifarefinder.com/newsroom/2016/10/20/is-ube...

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