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Old 10-16-2015, 10:30 AM   #266
Bunk
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Quote:
Originally Posted by Slava View Post
I understand this, but I think that this risk is somewhat overstated. In Alberta you have coverage for uninsured motorists and its built into every auto policy. So if you are in an Uber vehicle and the guy crashes, this should provide coverage for your damages. I also note that this would apply for an uninsured motorist causing damages to another vehicle.

So really, what are we looking at as not being covered? Damage to the Uber driver and his vehicle. I agree that is concerning, but that is the real risk here.

I also recognize that an enormous slew of SEF44 claims is probably not something we want either, but to say there is no safety net is a little untrue.
I think the solution is a new (previously unthought of) insurance category. Sort of an pseudo commercial insurance class for ridesharing, or a personal auto insurance plus if you will.

By the sounds of it, that may be the direction insurance companies and regulators go.
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