Ride sharing insurance

Erie Insurance (US) has developed product destined for the ride sharing market. Cody Cook, the company’s VP for auto claims that premium increases on average by 30-35% (certainly less expensive than commercial auto insurance). Cook explains: “We’re using a traditional class called ‘business use.’ For customers that have the ‘business use’ designation on the insured vehicle, the livery exclusion—which is standard in auto policies—no longer applies.”

Photo : Über

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