Lyft Insurance New York
Lyft’s rideshare insurance policy isn’t valid in New York City, so drivers will need to purchase commercial insurance coverage meeting the Taxi & Limousine Commission’s minimum insurance limits. For most vehicles that will be liability coverage in the amount of $100,000 per person, $300,000 per accident, $200,000 in personal injury protection and $10,000 in property damage.
What is Lyft?
In late 2014 Lyft entered New York City after getting licensed as a TLC Black Car Base. Currently, Lyft operates two NYC bases (Endor Car & Driver LLC and Tri-City LLC) out of the Falchi building in Long Island City, NY, the same building as the Taxi & Limousine Commission. If you have decided to sport a pink mustache and drive for Lyft in NYC, there are a few things you should be aware of. To offer pre-arranged passenger service for Lyft in NYC, you need to have a valid TLC license and affiliate your vehicle with the base. Also, you need to comply with Lyft’s insurance requirements, so what are they?