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| - FOR PROSPECTIVE WANNABE LYFT DRIVERS ONLY...
THE INSURANCE MYTH THAT LYFT ALLOWS YOU TO BELIEVE...WARNING!!! I cannot believe I am writing this. The following is information I found out today in the process of renewing my personal auto insurance. Turns out that personal auto ins policies in Arizona will not accept you for coverage if you are a ride share driver. I have been driving for Lyft for 6 months. The money to be made is deeply devalued based on gas, wear & tear maintenance services, and OMG...INSURANCE. If I had not enjoyed it a lot as a retired guy, it is not worth it. To preface I am a retired insurance agent for 27 years in all personal lines. 16 of those years were with Liberty Mutual, a renowned and reputable carrier by any account. The following is my message to LYFT inside my drivers app. Not sure I'll get any answers. You will understand why this situation is not divulged by LYFT with any tutorial link or video. Read to understand why.
"I have just discovered personally that 3 major national insurers will NOT insure Lyft/Uber drivers for losses in their PERSONAL coverage policies. When we see well documented tutorials that LYFT provides liability when in network, we assume that our personal policy will exclude that. That's as far as it goes for anxious prospective drivers. We assume that as long as we have a personal loss on our regular policy (whose coverage you verify to be in effect BEFORE GRANTING DRIVING PRIVILEGES) Personal auto will cover us because you people cover the business operating end. It seems like logic and common sense yin & yang.. I have just discovered (since it's my first insurance renewal since driving for Lyft) that if I am a ride share driver and do not bother to disclose this, THERE IS NO COVERAGE UNDER MY PERSONAL PLAN!!! I confirmed this with at least 3 national companies, AAA, Geico, and Progressive. I thought this was impossible. I called the Arizona Insurance dept for Consumer Affairs today. I worked my way up to a supervisor having spoken to two other reps that could not understand the scope of my inquiry. I was told that if you do not disclose you are a Ride Share driver, they can be allowed to DENY any coverage at all on your personal policy. Your detailed information about the thoroughness of insurance coverage WHILE LYFT DRIVING IN NETWORK leaves people like myself with a false sense of security that as long as my loss is during personal use, I must be covered. For AAA, Geico, and Progressive this is not the case. In fact I was informed unequivocally by AAA that if an auto ins customer calls for service and randomly mentions they are a ride share driver, the rep is obligated to notify the underwriting department so that a cancellation may be issued!!! The AZ department of ins says that if the insured did not disclose they were a ride share driver when applying for coverage, the insurance company may have rules in place to deny any coverage whatsoever! As a retired insurance agent of 27 years I was shocked to find this out. Upon specifically calling the underwriting departments of AAA, Geico, and Progressive (which issued a 10 day cancellation on a brand new policy I purchased before Equifax disclosed I was a Lyft driver) that these underwriting rules are in effect with at least these 3 nationally recognized carriers. NO LYFT OR UBER DRIVERS ALLOWED...PERIOD!!!
How many thousands of drivers do you have that joined Lyft as I did midterm in a policy having never disclosed they were a Lyft driver at signup (because they were not), assuming that with your insurance admonitions, that there must not be an issue with their personal coverage...how many thousands? I'm an insurance agent and it did not occur to me to call my company midterm to ask. If I had I would have found out that no personal lines auto in Arizona provides ANY coverage for ride share drivers All 3 companies told me it has to do with Arizona state specifically. AAA said that the only state in which they cover ride share drivers is California. I now believe your company to have left thousands of drivers at risk with a false sense of security with their personal auto policies. PLEASE ADVISE! How is this possible?"
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