Ride-sharing: Close the Insurance Gap that Leaves Everyone Vulnerable
Wednesday, Nov 12, 2014 - Posted by Advertising Department [The following is a paid advertisement.] The Illinois Insurance Association and the Property Casualty Insurers Association of America urge lawmakers to override Governor Pat Quinn’s veto of HB 4075 & 5331. While we support innovation and welcome new transportation choices in the marketplace, consumer safety is of utmost concern. It is vitally important that the vehicles used by commercial ride-sharing services are properly insured and the public protected in the event of an accident. HB 4075 and 5331 are needed in Illinois to clarify what insurance coverage is being provided and when. There should be a uniform statewide approach to protecting consumers to avoid the creation of a confusing and costly patchwork of local regulations. Without these bills, there will continue to be uncertainty whether there is proper coverage for injuries or damage arising out of an accident. Uber and Lyft supported statewide legislation in California and Colorado which requires primary insurance coverage from when the app is turned on until it is turned off. They should provide Illinoisans this same type of protection. Override the veto and provide clear consistent statewide rules that don’t leave policyholders or accident victims in the lurch because of coverage disputes.
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