Rideshare services like Lyft have revolutionized transportation, offering a convenient and affordable way to get around. However, accidents can and do happen. Understanding Lyft’s insurance policy is essential for both drivers and passengers to ensure they are adequately protected. Our friends at Unidos Legales discuss the key elements of Lyft’s insurance policy and what you need to know if you’re involved in a Lyft accident.
The Basics Of Lyft’s Insurance Coverage
Lyft’s insurance policy is designed to provide coverage for drivers and passengers in the event of an accident. There are three primary phases to consider:
Phase 1: App On, No Ride Accepted
When a Lyft driver has the app on and is waiting for a ride request, they are covered by Lyft’s contingent liability insurance. This coverage includes:
- $50,000 per person for bodily injury
- $100,000 per accident for bodily injury
- $25,000 per accident for property damage
This contingent coverage only applies if the driver’s personal auto insurance does not provide coverage. It serves as a secondary layer of protection.
Phase 2: Ride Accepted, En Route To Pick Up
Once a driver accepts a ride request and is en route to pick up the passenger, Lyft’s coverage increases significantly. During this period, Lyft provides:
- $1,000,000 for third-party liability
- Uninsured/underinsured motorist bodily injury coverage
- Contingent comprehensive and collision coverage (with a $2,500 deductible), provided the driver also has comprehensive and collision coverage on their personal auto insurance policy
Phase 3: Passenger Onboard
When the passenger is in the car, the same level of coverage as in Phase 2 applies. This ensures that both the driver and the passenger are protected during the ride.
Understanding Lyft’s Insurance In Different Scenarios
Understanding Lyft’s insurance policy is crucial for both drivers and passengers. Our friends at Unidos Legales emphasize the importance of being informed and prepared to protect your rights in the event of an accident. If you find yourself involved in a Lyft accident, following the appropriate steps and seeking legal assistance from an abogado para accidentes en Lyft can make all the difference in your recovery and financial stability.
If You’re A Passenger
As a passenger, you are covered by Lyft’s $1,000,000 third-party liability insurance from the moment you enter the vehicle until you exit. This coverage also includes uninsured/underinsured motorist bodily injury coverage, which protects you if the at-fault driver lacks sufficient insurance.
If You’re A Driver
As a driver, it’s crucial to understand that Lyft’s coverage is contingent upon your personal auto insurance. If your personal policy does not cover you during rideshare activities, Lyft’s insurance will step in. However, the contingent comprehensive and collision coverage requires you to have similar coverage on your personal policy, with a deductible of $2,500.
Feel Free To Seek Legal Advice
Attorneys like those at Unidos Legales can attest to the importance of legal representation in Lyft accident cases. Consulting with an abogado para accidentes en Lyft can help protect your rights and ensure you receive the compensation you deserve. An attorney can guide you through the process, help gather evidence, negotiate with insurance companies, and represent you in court if necessary.
