Like several cities across the world, ride share services such as Uber have become increasingly popular in the province of Alberta. The unique opportunity offered by Uber cuts across demographics and touches people from all walks of life. Some have earned such tremendous recognition and popularity that their brand names are now used as verbs!
Whether you wish to make some extra cash with the freedom to operate beyond your regular job, or you want a flexible career where your personal vehicle is your office and you are your own boss, being a ride share driver is a lucrative option for many individuals. However, being a ride share driver means that you are providing commercial rides in your personal vehicle and historically, there was no personal or commercial insurance policy that could cover and compensate the passengers you ply from one place to another. However, the province of Alberta has now approved personal insurance coverage for ride share that typically allows:
- $2M in Third Party Liability coverage
- Standard Accident Benefits
- $1,000 deductible for comprehensive and collision coverage.