Two peer-to-peer trends that are growing in popularity are ride-sharing and personal vehicle sharing, or car-sharing. Most people do not realize that their personal auto insurance policy may not cover them if they were to suffer a loss using either service.
Ride-sharing involves a transportation network company (TNC), such as Uber or Lyft, which provides prearranged transportation services for compensation. This is done by using a digital network (app) to connect passengers with drivers using their personal vehicles to transport people, goods, items or products for a fee. Individuals like to use a TNC as an alternative to taking a taxi or renting a vehicle, and those who drive for a TNC do so as a way to make extra income.
A personal vehicle sharing program, or car-sharing, provides individuals with the opportunity to list their personal vehicle(s) online for rent to others. This gives vehicle owners an opportunity to make some extra money with a vehicle that they may not often drive. It also serves as an alternative rental option rather than using a traditional auto rental agency.
If you lend your vehicle via a personal vehicle sharing program or drive for a transportation network company, please discuss this with us at Benton White Insurance to ensure that you have the right coverage. An assumption that coverage is provided for an exposure like ride-sharing vs. not having coverage could be costly if you had an unfortunate claim while driving for one of these type companies. We can easily offer a solution for you that will hopefully prevent a tragic situation.
With over 50 years of combined insurance experience, we are ready to assist you with auto insurance, homeowners insurance or some other insurance need you may face. EMAIL us at info@BentonWhite.com or TEXT or CALL us at 615.377.1212. We’re here and ready to EARN your business!
If you own a house, homeowner’s insurance is a necessity. Not only do you need it to protect your home and possessions against damage and theft, your mortgage lender will also require that you carry it if you have a loan on your home. It’s not enough to simply have coverage, you need to have the right coverage. We ALWAYS suggest that it is a good time to review your policy is when it comes up for renewal annually. Of course, we do it for you here at Benton White Insurance. Insurance companies...
We insure a lot of SUV’s and as you may know, some vehicle companies are only going to make SUV’s in the future as they stop manufacturing private passenger vehicles from their factory lines. Safety is always a concern when one purchases a vehicle. That's why, when the Insurance Institute for Highway Safety released their 2018 SUV safety tests, it caught a lot of people’s attention. Many were surprised that two of the most popular midsize SUVs in the U.S. were given a "poor" rating in the...
Two former burglars have shared their tips on how to best protect your home from intruders. The ex-criminals, who spoke on the condition of anonymity, revealed these steps all homeowners can take to secure their property, particularly before heading off on their vacation. Some focus on ways to make your home look less appealing to potential intruders, including installing fake burglar alarms and security cameras outside. Others offer tips to safeguard yourself against becoming a target in the first...