Ride Sharing and Auto Insurance
Considering taking a ride in an Uber cab? Considering becoming an Uber driver?
Take a look at this:http://www.fsco.gov.on.ca/en/auto/Pages/ridesharing-info.aspx
The Superintendent of the Financial Services Commission of Ontario (FSCO) has approved fleet auto insurance coverage for the following ridesharing companies:
- Uber – policy provided by Intact Insurance (came into effect on July 7, 2016)
- RideCo – policy provided by Northbridge Insurance (came into effect on December 1, 2016)
What you need to know:
Make sure you have the proper coverage; to date only Intact and Northbridge are able to insure these ridesharing programs in Ontario. If you are using your vehicle for a ridesharing program, be sure to tell your personal auto insurer. Failing to do so could leave you exposed to loss or damage to your vehicle, injuries to passengers or others, and your own personal injuries.- September 2023
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