If you work for a company that involves taking passengers to destinations in your vehicle, then you want to consider rideshare insurance. This is a type of coverage that’s a bit different than what you would normally carry and can protect your passengers as well as yourself. Here are a few reasons why you might want to invest in a policy.
There could be gaps with your insurance coverage that wouldn’t pay out if you’re in an accident while working. A benefit of rideshare insurance in Illinois is that it will usually cover medical expenses for those who are involved in the accident instead of completely going on your personal policy. This is because most personal policies don’t have room for using your vehicle for business.
If you’re in an accident, rideshare insurance in Illinois can usually help cover any deductible that you might have. This means that you could spend less money whereas if you don’t have coverage, then you might have to pay for most of the damages and even personal injury claims. Keep in mind that most deductibles are minimal and that you’ll usually pay out up to the amount of the deductible, but the rideshare coverage can result in not spending as much of your own money.
You can set the limits of your policy, but they are usually comparable to what you would typically have for your personal insurance. If you can set your limits to the minimum amount and set a deductible that’s a little above the minimum, then the cost of the policy usually isn’t that expensive while still offering the protection that your passengers need.