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HOW TO GET INSURED AS E-HAILING DRIVER | Do you provide e-Hailing services for Grab, EaziCar, DIFF, PicknGo, MULA, and MyCar? Do you know it's essential for you to be covered, and a basic auto insurance policy does not give you the necessary coverage when providing e-Hailing service? When your car gets into an accident during an e-hailing ride, you run the risk of not being covered, except you purchase an add-on coverage to your existing auto insurance policy.
What Is E- Hailing Service?
The E-hailing services are known to be on-demand vehicle acquisition that allows users seeking a ride to make their journey request, which drivers can respond to. The Service relies on network dependency and a specific digital application to connect riders with drivers through the Internet. Since the launch of Grab, Malaysia's e-hailing industry has continued to grow immensely in the transportation industry. It has triggered significant disruptions in the ride-hailing market, which was usually controlled by the taxi industry.
I Already Have Auto Insurance; Why Should I Get E-Hailing Insurance?
By now, you already know that it is required by the law to ensure your private car before you can legally take it for a ride. A standard auto insurance policy does not cover e-hailing services. When you use your car for e-hailing, your car will be classified as a public service vehicle (PSV).
You can easily add e-hailing add-on coverage to the policy you're currently carrying, be it third-party, third-party fire and theft, or a comprehensive car insurance plan. However, some insurance companies only add the e-hailing add-on to complete policy, but others provide e-haling coverage to third-party and third-party, fire, and theft.
Having both a private vehicle insurance policy and e-hailing insurance coverage is a brilliant move for e-hailing drivers because it helps minimize legal and monetary dangers that you may run into. Without e-hailing insurance coverage, you may need to dive deeper into your pocket to cover for the misfortune and damages to passengers and the third party in case of an accident.
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