The ride-sharing economy provides a lot of easy ways to make money, including giving rides, renting out your car, and making deliveries for a variety of companies. However, what if you’re involved in an accident while working? Will your auto insurance cover the damage? Before signing up for a rideshare service, there are a few things you ought to know about your insurance coverage.

What You Should Know About Auto Insurance & Making Money With Your Vehicle

1. Your Personal Auto Insurance Won’t Cover Damages

Personal auto insurance policies don’t cover accidents that occur while you’re using your car for work, no matter how much coverage you purchase. Depending on the activity you’re engaged in and the local laws in your area, you may need to carry a business insurance policy that will cover liability claims and pay for damages if you’re in an accident.

2. Platform-Provided Insurance

Fortunately, many popular platforms maintain insurance protections for drivers who are picking up passengers, waiting for a call, or en route to a destination. Some apps that allow you to rent your car out when it’s not in use also provide some coverage in case someone else crashes your car. However, the amount of coverage provided varies from one company to the next and might depend on how much personal insurance you carry.

3. An Insurance Agent Can Help

A skilled insurance agent can review the coverage offered by the employer and your own policy, identify any gaps, and recommend products to ensure you’re adequately protected. In some cases, you may need an endorsement on your existing auto insurance, while others may require a separate business policy.

For more than 60 years, drivers throughout Ohio’s Lorain County have relied on Custis Insurance Service for attentive service and personalized solutions. Whether you’re buying a new car or planning to use your vehicle to make money, you can rely on these independent experts to find the coverage you need at the right price. Follow them on Twitter for more insurance tips and call (440) 949-7171 or visit them online to request a free quote.