Rectifying Lyft Accident Policy
Ever since the Assembly Bill 2293 was passed in California, rideshare service Lyft has since arguably been dealt with a heavy hand: they have to provide a Lyft car insurance with Lyft insurance policy limits amounting to a million dollars.
While this ultimately is nothing compared to the millions of dollars they rake in each year, this is still a pretty significant dent in their pockets — one that Lyft riders injured in an accident can most definitely take advantage of.
The problem is, Lyft riders and Lyft drivers alike are not aware of the existence of such a law. This results in them missing out on a hefty settlement that they are rightfully entitled to. Fact of the matter is, the costs of medical treatment are overinflated and may not even be covered by the measly settlements Lyft gives the injured.
For this reason, you will need a Lyft accident attorney to help you get the justice and compensation you deserve.
While it’s highly encouraged to go after Lyft’s insurance policy, it’s important to note that your chances of getting a million dollars is dependent on the situation. One of the key determining factors is when the accident happened in the rideshare service duration: did it happen during Period 0? Period 1? Period 2? Period 3?
What even are these so-called “periods” as outlined by the California Department of Insurance? Let’s go through each of them.
Period 0 of Lyft Accident Policy
When a driver hasn’t turned on their Lyft app, their personal insurance policy will kick in. This is referred to by the California Department of Insurance as “Period 0.” During this period, the Lyft driver needs to have personal insurance that meets the minimum policy limits. This is outlined as follows:
$15,000 of bodily injury coverage per person injured in an accident
$30,000 of bodily injury coverage total per accident
$5,000 of property damage coverage per accident
1st Period of Car Insurance for Lyft
The California Department of Insurance typically defines the first period as the time where the Lyft drivers have turned on their Lyft application and are just waiting to be paired with a passenger. The policy limits of the rideshare insurance during this period are as follows:
$50,000 of bodily injury per person injured in an accident
$100,000 of bodily injury total per accident
$30,000 of property damage per accident
The 1st period is when rideshare insurance will come in handy. Luckily for Lyft drivers in California, they don’t have to avail their own as Lyft will provide it for them (note: still consult with Lyft and your personal insurance coverage).
2nd and 3rd Period: Lyft Insurance Policy Limit
The 2nd and 3rd periods are the phases in the Lyft rideshare service in which the driver has been paired with the rider and has picked them up respectively. It is during Periods 2 and 3 where Lyft’s one million dollar policy kicks in. So if you got into an accident, you may be entitled to up to a million dollars in settlement amount.
Call Omega Law Group
Contrary to their promises of reduced traffic fatalities, rideshare services like Lyft have been found to account for 3% of the increase in traffic fatalities annually since their surge in popularity in the early-2010s.
The experts at the University of Chicago suggested that the number of Lyft and Uber riders on the road increase contributes to the congestion on the road which then indirectly and/or directly leads to car accidents.
While rideshare services have made the effort to refute their claims, fact of the matter is that Lyft accidents will likely happen. And if you’re availing their services, it may happen to you as well. You need to be prepared for when you’re in that situation. Arm yourself with the best legal protection available to you. Call Omega Law Group.
The legal team of Lyft accident experts at Omega are well-versed in matters relating to personal injury and are well-equipped to handle the unique needs of their clients. Through their personalized client service, they were able to acquire more than millions of dollars in compensation. Their excellent work in the field hasn’t gone unnoticed.
Since they’ve established themselves as a premiere personal injury law firm, they’ve accumulated awards from industry-vetted organizations like SuperLawyers, Best Lawyers, and most notably the US World & News report.
They were also recognized as one of the “Most Admired Firms” by the Los Angeles Business Journal where they also made headlines for their innovative integration of A.I.-technology to streamline their case processes.
Yet they remain true to their mission to provide equitable and quality legal services to those in need in spite of all the prestige they’ve garnered over the years. By operating on a contingency fee basis, they ensure that their clients don’t have to pay upfront for any legal fees. Schedule a free consultation with our Lyft accident experts to learn more!