All Lyft drivers are covered by liability, collision, and comprehensive insurance. Your financial risk is significantly increased regarding Lyft’s “default insurance,” which is contingent and may create gaps in coverage. If you don’t have the proper insurance while driving for Lyft, you might be held liable for any damages or medical costs caused by a traffic collision. Injuries or damage to you or your car will not be covered by liability insurance. Likewise, your repair or medical expenses will not be covered by liability insurance, even if you are found to be at fault for an accident. It’s crucial to note that you will be liable for paying your medical expenses if you choose to drive with little liability insurance. Ride-sharing insurance is a kind of vehicle insurance specifically designed for drivers of delivery firms who utilize mobile applications to provide their services on a part- or full-time basis.
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