“Many transportation companies have historically offered car insurance for drivers with full coverage once the meter begins, not on the way to pick up the customer or the return trip after drop off,” says Todd Thomas, State Farm agent in San Luis Obispo.
San Luis Obispo, Calif. (PRWEB) March 21, 2017
When a customer takes advantage of Uber or Lyft transportation services, chances are they haven’t given too much thought to what kind of car insurance is covering the driver, vehicle, and passenger. With the birth and rapid expansion of Transportation Network Companies, a new car insurance coverage was needed to mitigate the new risks facing the estimated half million drivers using their personal vehicles to transport customers.
“Many transportation companies have historically offered car insurance for drivers with full coverage once the meter begins, not on the way to pick up the customer or the return trip after drop off,” says Todd Thomas, State Farm agent in San Luis Obispo. “On the flip side, traditional personal auto policies aren’t designed to extend coverage for when you’re transporting passengers for hire. We were in new territory, and were one of the first companies to offer Transportation Network Company Driver Coverage for the growing number of TNC drivers in California.”
The new car insurance offering enables policy holders to have their personal auto policy fill in the coverage gaps left by TNC-provided insurance. State Farm Transportation Network Company Driver Coverage provides drivers with the same full liability coverage limits of their personal auto policies, even when "available for hire."
"We understand that adapting and innovating to our customers' changing needs is part of the service we offer," says Thomas. "This product is an example of our commitment to our customers and provides them the coverage and peace of mind they need when using their personal cars to provide TNC services."
About Todd Thomas State Farm
Todd Thomas-State Farm Insurance Agent offers Car Insurance in San Luis Obispo, as well as home, life, property, and business insurance. Serving the Central Coast for more than 15 years, Todd Thomas State Farm offers friendly personal customer service around the clock. As a local State Farm office, they are committed to providing the best combination of price and value for car insurance,homeowners insurance, business insurance, and life insurance. Learn more at https://www.toddthomasagency.com/.
1238 Marsh Street
San Luis Obispo, CA 93401-3326
Press release by Access Publishing, a Paso Robles media company, 806 9th St. #2D, Paso Robles, CA 93446.