Rideshare services such as Uber and Lyft are recruiting amateurs and college students to be drivers. Considered to be the “perfect part-time solution” for students and part-timers according to a recent post on an Uber newsroom blog.
And some drivers are using their personal auto policies to falsely insure commercial activities. This is the new risk: drivers who are insuring their vehicles with personal auto policies and not advising their carriers of their rideshare activities.
And they're openly sharing advice on how to get away with it with fellow drivers.
|How it started
The ridesharing concept has skyrocketed since its inception in 2009. They offer lower rates than licensed taxis through the use of the drivers' personal vehicles, escaping most commercial regulation.
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