Uber quickly emerged as a great way for almost anyone to earn money in a “side hustle” or even monetize their car ownership. In fact, many urban car owners have started to see Uber as a great way to earn their car payments or offset car expenses and bring in a bit of income. Yet, as you might realize, being on the road for much longer periods of time, having lots of passengers, and using the car for income means that Uber driver insurance in Chicago is a must.
In fact, Uber “requires all of their drivers to have car insurance, and provides supplemental insurance coverage, but only while the app is on.” What does that mean? When you are an Uber driver, you are much like a taxi cab driver, but instead of being “hailed” from the side of the street, a passenger uses the “app” to contact you and arrange for a ride. Most drivers today are part of the UberX program that enables local drivers to respond through the app and use their own, private cars to do it.
Is the privacy of the process why you need Uber driver insurance in Chicago? Actually, no. The reason you need Uber driver insurance in Chicago is because the coverage available through Uber is not always on. When a passenger hails you through the app, and you accept it through the app, a more substantial sort of coverage (from Uber) is activated. When you are just in the car with the app off, you have no coverage from Uber.
In the past, drivers had coverage via Uber only when passengers were in the car. Even so, the coverage during downtimes may not be adequate for most. Additionally, personal auto insurance can often be null and void if you use your car to provide “driving for hire” services. That means you’d have zero coverage unless you purchased Uber driver insurance in Chicago
There are a lot of technicalities involved in becoming an Uber driver. These also include whether or not you will need to get a commercial license, if your vehicle qualifies as an acceptable Uber vehicle, and more. The good news is that insurance policies are becoming easier and easier to find, with several of the top services creating policies specifically for those eager to become part of the Uber world. If you want to know more about Uber driver insurance, get in touch with Illinois Automobile Insurance Agency and discuss your options. You can also connect them on Facebook.