Auto insurance is a mandatory measure for ensuring the safety of drivers, and, in some cases, their passengers. To obtain Uber vehicle insurance or any other type of policy, it’s important to understand the main types and their differences. Today, we’ll look at auto insurance options valid for New Yorkers.
Kinds of NY insurance for vehicles
Let’s begin by pointing out the fact that auto insurance options are personal and commercial. Let’s review their features:
- Personal. This alternative is the only proper one for car owners who use their vehicles exclusively for personal use. The basic coverage offers reimbursement for damages caused by different types of happenings, such as road accidents, hijacking, theft, vandalism, and other people’s property harm. If people are injured, this kind of insurance usually also covers medical expenses. When opting for personal auto insurance, it’s essential to know that if the vehicle is used for taxi work or any other commercial transportation services, personal insurance will not cover potential damages.
- Commercial. This is TLC insurance, which is required for anyone involved or planning to be involved in commercial transportation activities. This policy is mandatory for drivers of cabs, limos, Uber, and Lyft, as well as for using a vehicle for official purposes. Commercial kind of insurance gives expanded safeguarding, as it covers both the driver and passengers, compensates for damages in the event of accidents regardless of fault, and guarantees legal protection in case of lawsuits. According to the TLC commission’s requirements, such insurance is a mandatory condition for conducting commercial activities in New York.
Choosing the Best Uber Auto Insurance
To purchase the optimal insurance policy, you need to:
- Consider how the vehicle will be used to determine the appropriate type of auto insurance.
- Compare offers from different insurance companies (rates, conditions, etc.).
- Think about the cost, as well as possible ways to reduce it.
- Submit an application to your chosen insurance company.
- Provide the necessary documents and pay the insurance premium.
After that, you’ll receive your policy. A & Y Royal Insurance can help you choose the best auto insurance option. As one of the top insurance brokers in New York, the company works directly with insurers to help each client secure effective protection for personal or commercial vehicles. They also offer homeowners insurance New York and business insurance in New York.
