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Insurers respond to Alberta’s ride-hailing decision
Intact, Pembridge and Aviva get into the game
Staff with files from The Canadian Press on June 30, 2016
Insurers are responding to Alberta’s new insurance requirements for Uber and TappCar drivers, which require ride-hailing companies to provide up to $2 million in third-party liability insurance, with optional collision or comprehensive coverage. All drivers must also undergo a detailed police check and obtain a Class 1, 2 or 4 licence.
As of July 1, all Uber drivers in Alberta will be automatically covered by Intact’s new ridesharing policy “from the instant a ride is accepted until the passengers have exited the vehicle,” the insurer said in a release. Uber will be purchasing that insurance for their drivers.
Read: Uber’s fine print says the company isn’t liable for passenger safety
Intact will keep working with Ontario and Quebec regulators to offer similar coverage in those provinces “in the coming months.”
Pembridge Insurance will also launch coverage for ride-hailing drivers on July 1. The endorsement is added to standard automobile policies, and provides coverage for the time when the driver has logged onto an app and is waiting to be matched with a customer.
On August 1, Albertans will be able to add Aviva Canada’s ride-share coverage to their personal auto policies. It will kick in “from the moment they initiate looking for passengers through to collecting and dropping off those passengers.” Aviva is also considering a policy that will cover the period when drivers are available to accept a ride and are waiting to be connected with a passenger.
Read: Half of Quebec’s Uber drivers don’t tell their insurers
Drivers must be licensed for at least six years, and will be limited to carrying eight passengers per ride and to driving for hire for a maximum of 20 hours each week.
The cost for the extra coverage will be “a small portion” of what the driver earns for ride-sharing, calculated through factors such as time spent ride-sharing, area driven and driving record.
In February, Aviva introduced a similar policy in Ontario.
Insurers respond to Alberta’s ride-hailing decision
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