Uber expands insurance coverage for ridesharing drivers
Published on Mar 15, 2014 4:37 AM
SAN FRANCISCO (REUTERS) - UberX on Friday expanded the insurance coverage it offers to ridesharing drivers, a step toward easing US regulators' and lawmakers' concerns and creating broader acceptance of the services.
Ridesharing companies such as UberX, part of black-car service Uber, allow members of the public to hail rides at the touch of a smartphone app. Mom-and-pop drivers rather than professionals typically answer their requests, in regular cars rather than commercial vehicles.
Until now, ridesharing companies' policies kick in only when a driver is giving a ride or en route to pick up a fare. That left drivers exposed when they were between rides in what has become known as the ridesharing insurance gap.
UberX's new policy is designed to make drivers more comfortable, along with regulators and lawmakers, many of whom are currently working through rules that would apply to ridesharing companies, Uber Chief Executive Travis Kalanick said on a conference call with reporters.
To continue reading, log in if you are a subscriber
Enjoy 2 weeks of unlimited digital access to The Straits Times. Get your free access now!