One of the fastest growing options for transportation are rideshare companies like Uber and Lyft.
Rideshare companies allow people to use their personal vehicles like taxis, driving passengers to their destinations for a set fee. However, with the advent of ridesharing comes rideshare accidents, and confusing questions can arise about who is liable in a rideshare accident as well as what a Lyft or Uber settlement amount is worth.
With experience handling all types of auto accident cases in the Houston area, our office is here to represent you in your rideshare accident and help you understand what a rideshare settlement might be worth.
Uber and Lyft Insurance Policies
Uber, Lyft, and other rideshare companies carry auto insurance coverage for the vehicles operating under their company banner. Both Uber and Lyft carry third party liability coverage up to $1 million for personal injuries and property damage per accident.
In addition, these companies maintain uninsured/underinsured coverage up to $1 million per accident. The policies only apply during a ride, from the time that a driver picks up a passenger to when the passenger is dropped off, and not in between rides. However, these policies only apply in certain situations when a rideshare accident occurs.
What Insurance Coverage Applies?
Determining what insurance coverage applies is based on the specific facts of your case.
A typical auto insurance policy has an exception for business use, which means that the insurer will not cover damages that occur while the driver is using the vehicle in a for-profit way unless the driver has a commercial driving provision that covers their vehicle as a rideshare driver.
In an accident where the rideshare driver is at fault, the insurance policy of the driver applies first, and the rideshare company’s third party policy kicks in if the total compensation exceeds the driver’s personal policy limits.
If the accident is caused by the driver of the other vehicle and not the rideshare driver, then the insurance policy of the at fault driver will apply to your claims. All drivers in Texas are required to carry minimum auto insurance coverage while on the road. If the driver at fault is uninsured, underinsured, or is unknown due to a hit and run accident, the rideshare company’s uninsured/underinsured policy may apply to your case.
You should only trust a knowledgeable car accident attorney with a case involving a rideshare company due to the potentially complex nature of your claims against multiple entities that could cover the damages caused by the accident.
Talk to a Qualified Attorney Today
Accidents involving rideshare companies like Uber and Lyft can be complex and fact-specific to your case.
To learn more about Uber and Lyft settlement payouts as well as a free review of your claims, call the office or contact us today at the Milano Legal Group in Houston to speak with a knowledgeable Texas auto accident attorney now.