In an important move aimed at protecting Massachusetts drivers, MAPFRE Insurance will be among the first insurers in the state to offer gap coverage to auto insurance policyholders using their personal cars to drive for rideshare companies like Uber and Lyft. The state’s Division of Insurance has approved the filing.
MAPFRE, the largest private passenger and commercial automobile insurer in Massachusetts, will begin offering the gap coverage on May 1, 2017. MAPFRE is introducing this coverage following the implementation of state legislation pertaining to the coverage that ride share companies and drivers must carry for vehicles used to provide rideshare services. The endorsement offers critical coverage to drivers when they turn on a rideshare app and provides protection until they accept a passenger request.
“With the growth of ride-sharing activity across the state, we know thousands of drivers for companies like Uber and Lyft need appropriate protection,” said John Kelly, senior vice president of MAPFRE’s Northeast Region in a press release. “Guided by the leadership of the Governor and Legislature, MAPFRE is proud to be among the first carriers in the Commonwealth to offer an auto insurance endorsement that will help close a potential gap in the coverage available for Transportation Network Company drivers without appropriate coverage. We encourage our customers and agents to discuss this new coverage feature with customers who are active ride-sharers.”
MAPFRE Insurance writes property and casualty insurance in 19 states across the United States through a network of more than 5,000 independent agents and brokers. It provides a full range of insurance products, including coverage for automobiles, homes, motorcycles, watercraft and businesses, as well as term life insurance. MAPFRE Insurance is part of the MAPFRE Group.
Source: MAPFRE Insurance