March 4, 2016
The South Australian Government is currently reviewing the regulatory framework that governs ridesharing services, such as Uber. Some argue that the outcomes from the review could result in significant changes to the ridesharing and taxi sectors.
As ridesharing is a relatively new service in Australia, there are some gaps in the insurance framework. These include:
The complexity of ridesharing insurance policies also makes it difficult to discern when a driver is protected. For example, a driver who has a collision while a passenger is in the car may not necessarily be covered under their policy.
Many drivers do not realise that there are specific times and activities that preclude them from being protected, which arguably puts drivers and passengers at great risk.
We look forward to discovering what the South Australian Government reveals in its review, and certainly believe now is the time to adapt insurance policies to the new wave of ridesharing services, which appear here to stay.
If you’d like your Motor Vehicle Insurance policy reviewed, please contact our insurance brokers. We can assess whether more affordable options are available, and whether you have the right level of motor vehicle insurance cover.
For the full article this blog is based on, please head to INDAILY, Adelaide’s Independent News.
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