Ride share drivers might not be covered under insurance - WSMV News 4

Ride share drivers might not be covered under insurance

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On any night, downtown Nashville is packed with those out to have a good time.

That means it's also where area taxi drivers come to make money, and they aren't the only ones.

Ride share drivers like Jacob Coy are also known to pick people up or drop them off in this area.

Coy is part of a national ride share program known as Lyft. It's hard to miss the pink mustaches on drivers' cars.

"They're going to get awesome service. Be prepared to have, like, unusual fun stuff because a lot of the drivers do different things," he said.

But if the fun suddenly turns into a crash, Kate Abernathy with the Tennessee Department of Commerce and Insurance warns the driver might face trouble.

"If a person were to call their insurance company in the event of an accident and say, 'Hey, I have a fare. I'm driving for this transportation network company, we've been in an accident,' well, your personal insurance company may not cover you because there are exclusions for livery," she said.

Both Lyft and UberX require drivers have the minimum insurance required by state law. They also provide $1 million in liability coverage as well.

But Abernathy says if you want to use your car for a ride share, it's best to first check with your insurance company.

"That before you pick up another individual, that that medical insurance and that additional coverage that's necessary that you would find in a commercial insurance package that our limousine and our taxi drivers have is in play," Abernathy said.

Coy says he did read the fine print of his policy. He's a personal insurance agent.

"Most companies will cover it, you just kind of have to explain to them what it is," he said.

Currently there are no regulations for transportation network companies, such as Lyft and Uber, but the director of Metro's Transportation Licensing Commission says they are working on legislation and hope to have something for consideration next month.

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