The rise of rideshare services like Uber and Lyft has revolutionized the transportation industry, providing convenient and affordable options for millions of people. As of February 2024, sales at Uber were up by 14% and Lyft bookings were up by 4%, with 36% of all Americans using a rideshare service. However, the convenience of booking a car via phone often comes at a cost, as many rideshare drivers are underinsured, leaving passengers vulnerable in the event of an accident.
Inadequate Insurance Coverage
Rideshare companies like Lyft and Uber now provide insurance, but this coverage is often inadequate, especially in the case of serious injuries or fatalities. Uber and Lyft insurance, provided to all drivers, only covers up to $50,000 in bodily injury coverage per person, $100,000 in bodily injury coverage per accident, and $25,000 in property damage coverage.
This level of coverage may be sufficient for minor fender-benders, but it can quickly become insufficient when dealing with more severe accidents. Medical bills, lost wages, and other damages can easily exceed these limits, leaving the injured party responsible for the difference.
Negotiating the Claim
When a rideshare passenger is involved in an accident and the driver’s insurance coverage is insufficient, it is essential to work with an experienced personal injury lawyer to negotiate the claim. Here are some strategies that can be employed:
- Identifying All Potential Sources of Recovery
In addition to the driver’s insurance policy, there may be other sources of recovery available, such as the at-fault driver’s personal assets.
- Maximizing the Recovery
Once all potential sources of recovery have been identified, the next step is to maximize the amount that can be recovered from each source. This may involve negotiating with insurance companies, presenting a strong case for the extent of the injuries and damages, and exploring alternative dispute resolution methods, such as mediation or arbitration.
- Pursuing Uninsured/Underinsured Motorist Coverage
If the driver’s rideshare insurance coverage is insufficient, the passenger may be able to turn to their own uninsured/underinsured motorist (UM/UIM) coverage. This type of coverage is designed to provide protection in the event that the at-fault driver has insufficient or no insurance.
- Exploring Third-Party Liability
In some cases, it may be possible to pursue a third-party liability claim against other parties involved in the accident, such as the vehicle manufacturer or the company responsible for the road conditions.
- Advocating for the Client’s Rights
Throughout the negotiation process, it is essential for our personal injury lawyers to advocate for the client’s rights and ensure that they receive the full compensation they are entitled to. This may involve challenging insurance company tactics, such as lowball offers or denials of coverage, and holding all responsible parties accountable.
The Importance of Legal Representation
Navigating the complex world of insurance claims and negotiating with insurance companies can be a daunting task, especially for someone who is already dealing with the physical and emotional aftermath of an accident. This is where an experienced personal injury lawyer from our firm can make all the difference.
One of our skilled attorneys will have a deep understanding of the applicable laws and regulations, as well as a proven track record of successfully negotiating with insurance companies. They can help ensure that your rights are protected, that all potential sources of recovery are identified, and that the maximum possible compensation is obtained.
Moreover, we work on a contingency fee basis, which means that we only get paid if we are successful in recovering compensation for their client. This can provide peace of mind, so you can focus on your recovery without worrying about the financial burden of legal fees.
By working with us, you can navigate the complex legal landscape and maximize your chances of recovering the compensation you deserve. Through a combination of negotiation strategies, legal advocacy, and a deep understanding of the applicable laws, we can help ensure that your rights are protected and that you receive the full measure of justice.
Get in touch with us today if you’ve been involved in an accident with a rideshare driver. You can visit our offices at the following locations:
- Beverly Hills – 8383 Wilshire Blvd, Suite 830, Beverly Hills, CA 90211
- Los Angeles – 212 East Pico Blvd, Suite #4, Los Angeles, CA 90015
- Tulare – 100 E. Cross, Suite #122, Tulare, CA 93274
- Hanford – 13400 Hanford Armona Rd, Suite #B
Call now for a free consultation on (877) 729-2652 or (323) 782-9927.
