Uber has been in the news a lot lately. With several provinces coming forward and warning both UberX drivers and passengers that they may not necessarily be covered in the event of an accident.
CTV’s Canada AM ran a story about an UberX driver who was involved in a collision in Toronto while carrying a passenger. When the driver called his insurance company they denied his claim because he was carrying a passenger. The driver then had to sue Uber to try to recover his loss and now there is a question as to whether Uber’s insurance policy will even respond to this incident. What all Uber users and Uber drivers need to know is that their standard auto insurance policy is not adequate coverage. Even if the driver tries to insure their vehicle commercially, coverage may still not be adequate. The lesson here is UberX drivers and users beware! Until Uber, regulators and insurers are able to come up with a solution to this new “sharing economy” customers must use these services at their own risk.
Are you an Uber user?
What do you think of their service?
Should regulators and insurers embrace this new technology?
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