Uber, Lyft and Sidecar and other ridesharing companies have created an entirely new economy in a matter of months not only nationwide but right in the heartland of OHIO as well. Unfortunately, many of the drivers for these companies are unaware that their personal auto insurance policy specifically excludes “livery services” and the commercial use of their vehicles. However, for residents of Ohio, the Ohio Legislature took action and specifically spelled out coverage needs for the companies and the drivers As of January 2016, our agency will begin offering Rideshare Coverage for auto insurance to meet requirements by the new Ohio ridesharing law. And did you know that Farmers Insurance Group will be one of the first major companies to offer this coverage. By adding this coverage you can avoid a potential gap in coverage. The endorsement will provide coverage between rides and ride requests, once you become available for accepting requests. Stop into our office or give call us to learn more about this new coverage and about your options as a ridesharing driver.
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