All of us at Endline/Pike Insurance want to wish you a Merry Christmas and a Happy New Year.
Drive for a Ride-Sharing Company? Car-Sharing? Better Check Your Insurance
Two peer-to-peer trends that are growing in popularity are ride-sharing and personal vehicle sharing, or car-sharing. Most people do not realize that their personal auto insurance policy may not cover them if they were to suffer a loss using either service.
Ride-sharing involves a transportation network company (TNC), such as Uber or Lyft, which provides prearranged transportation services for compensation. This is done by using a digital network (app) to connect passengers with drivers using their personal vehicles to transport people, goods, items or products for a fee. Individuals like to use a TNC as an alternative to taking a taxi or renting a vehicle, and those who drive for a TNC do so as a way to make extra income.
A personal vehicle sharing program, or car-sharing, provides individuals with the opportunity to list their personal vehicle(s) online for rent to others. This gives vehicle owners an opportunity to make some extra money with a vehicle that they may not often drive. It also serves as an alternative rental option rather than using a traditional auto rental agency.
If you lend your vehicle via a personal vehicle sharing program or drive for a transportation network company, please discuss this with our agency to ensure that you have the right coverage.
Preparing for the Unexpected
What would you do if your home was destroyed by a fire, or one of your water pipes burst while you were on vacation, or a burglar stole valuable items from your home? You can’t prepare for everything, but planning for the unexpected when dealing with property claims could make these situations easier to handle.
Below are some things to consider before a loss happens:
Take photographs with a phone camera to document ownership of items.
Walk room by room, making notes of items. Don’t forget things like artwork, bedding and clothing.
Prepare an inventory list of your property throughout your home.
Make sure you record high-value items such as antiques, guns and jewelry.
Don’t forget storage sheds and your garage for contents you may have outside of the home.
If you suffer a loss, below is a checklist of things to do to make the claim go more efficiently:
Notify your agent.
Protect your property from further damage.
Create an inventory of damaged or destroyed items.
Keep your inventory cataloged by room. This way you’ll be less likely to forget something.
Fully describe each damaged item, including quantity, age, brand, model and serial number, if available.
Submit completed inventory forms to your claim adjuster as soon as possible.
Save all receipts for items you replaced and number each to correspond with your inventory.
Dealing with a loss can be emotional and time-consuming. It is our agency’s goal to provide excellent claims service. By using these tips, you will be better prepared for the unexpected and know what to do if a loss occurs.