What Happens If You’re Involved in a Car Accident with an Uber or Lyft?

https://www.727injury.com (727) 381-2300 St Petersburg Personal Injury Attorneys McQuaid & Douglas

This video will address updates to Uber and Lyfts insurance policies and also address what happens if you're involved in a car accident with an Uber or Lyft. So you may have seen in the news, uh, some of the published losses for Uber and Lyft. And what makes these companies unique is that they actually lose money on every single ride that they, that they perform. Uh, they subsidize the driver's salaries basically, uh, in order for people and customers to use Uber and lips services. So it's an a bizarre business model. Uh, and I've written about this extensively. If you've read some of my other blogs, uh, basically the business model for Uber and Lyft is eventually autonomous drivers will take over and therefore the, uh, the costs to pay the drivers will be eliminated and therefore they will be the only product out there or service out there, uh, available. And they'll take over the market at that point.

But up until the time that autonomous drivers or avail autonomous driving vehicles are, uh, available, they're losing money and they're losing big money. Uh, so Uber has now changed its insurance policy. It is cut down its insurance policy. Uh, I believe specifically to sort of a hedge to the amount of money that they are low that they are losing. In previous articles and previous videos, I have mentioned that Uber is the preferred service over Lyft solely based on the fact that Uber used to carry $1 million worth of coverage, less no longer the case. They have now limited their insurance down to $250,000, which is the same as lifts, um, uninsured motorist policy. So, um, they have greatly diminished the amount of insurance that's available, uh, for either their drivers or their customers who are using their products. And that's, that's a big issue. Uh, you also should know if you are involved in an Uber or Lyft accident and you are a, a a passenger, you do not have PIP benefits available.

So PIP benefits here in Florida called no fault. Um, and so basically they cover, for lack of a, you know, I'm not going to get into a long dissertation, but they pay for generally $10,000 worth of your medical bills. So it doesn't go very far. You go to the hospital, that $10,000 is going to be gone. So Uber and Lyft doesn't give that to you. So what you have to do, if you aren't in the back of an Uber or Lyft and you have your own motor vehicle insurance or you live with somebody, a resident and relative who does have motor vehicle insurance, you have to get your PIP through them. Uh, if you do not have a car or you don't live with a resident relative with a car, you don't have PIP benefits in an Uber or Lyft, that's a, that's a could be a major problem. Also, if you are Uber or Lyft driver, they do not pay PIP for you either.

You will have to get your PIP benefits through whatever insurance company that you have, um, uh, just to, to operate your vehicle. So you will be covered. You will have PIP benefits available. But just understand it's going through your own insurance company, not Uber or Lyft. So if you have been involved in an Uber or Lyft accident, if you're in the, if you're a passenger and you were struck by another vehicle, or your Uber or Lyft driver, uh, did something careless and caused the accident and you wish to make a claim and you're injured, or you have questions about the, how the insurance works, I encourage you to contact us here at st Petersburg personal injury attorneys, McQuade and Douglas. We handle these types of cases day in and day out, and we're happy to, um, address any questions that you may have.

*The above has been transcribed by a third party service and has not been checked for accuracy

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