Given Lyft’s promised arrival in Canada by the end of the year, insurance coverage for the ride-sharing service remains a big question mark. The insurance of the sharing platforms is a fascinating discussion, with several new questions popping up re who is responsible for which risk
“Lyft is in the same circumstances as Uber was – virtually every private automobile insurance policy has a restriction in it that precludes the vehicle from being operated for hire,” he noted. In the Uber example, companies such as Intact Financial Corporation, Aviva Canada and Pembridge Insurance in Alberta have offered coverage. For its part, Intact has contracted with Uber to provide coverage when a driver is looking for a fare and when they have one in place.