Insurance

Insurance Policy


DISCLAIMER: This is an unofficial summary of DriveOn, Inc's insurance policy and may not always be up to date. None of the statements below should be interpreted as binding and are provided for quick reference.‍

 

Coverage limits

Our insurance program provides auto insurance to cover customers and vehicles that meet our Eligibility Requirements. Coverage applies while your DriveOn service is active. $1M in liability coverage is supplied by National Indemnity. All DriveOn customers get insured through National Indemnity Company. National Indemnity is an A++ Rated insurance company owned and backed by Berkshire Hathaway. Here's a link to more information about National Indemnity:
https://www.nationalindemnity.com/About_FinancialInfo.aspx

The liability coverage is compliant with all state minimum requirements in states in which we currently operate. Physical Damage is provided by DriveOn, Inc. Please refer to our Terms of Service for more information.

The new policy will cover you and the DriveOn network vehicle you select. You are free to cancel your current policy once the new policy with National Indemnity takes effect (on the day you select a DriveOn vehicle to take). The National Indemnity policy will be primary coverage for the borrowed DriveOn vehicle as long as your DriveOn service is active.

Having all DriveOn users insured through the same carrier ensures fairness, trust and simplicity if there is ever a claim.

Insurance is included at no additional cost as part of your DriveOn service. If you would like more details about insurance please contact us!

 

Liability Coverage

Insured drivers are covered up to combined single limit of $1,000,000 for liability.

Physical Damage Coverage

The physical damage coverage provided by DriveOn protects the owner's vehicle in the event of an accident. This covers damage to the vehicle in the event of an accident up to the actual cash value of the vehicle or $50,000.00; whichever is lower.

Uninsured and Underinsured (UI/UM) Coverage

UIM limits included up to $1,000,000 in the following states (per statute): AZ, CA, MO, NV, PA, TX

UM limits included up to $1,000,000 in the following states (per statute): AZ, CA, FL, MO, NV, PA, TN, TX

 

Personal Injury Protection (PIP)

As mandated by law, PIP coverage is provided in Florida.

Medical Payments Coverage

Medical Payments Coverage is not included. We recommend you consult your health care provider to check coverage.

 

Exclusions

DriveOn is a peer-to-peer car-sharing network. The insurance coverage provided is similar to a personal auto policy, however, this policy has some unique exclusions specific to our model:

 

Wear and Tear

If a possessor causes excessive wear and tear to a car he or she takes they are responsible for repairing the car prior to returning it or the possessor will be billed for repair of all excessive wear and tear. Wear and tear details here.

Personal Belongings

Personal belongings left in the car are not insured. These include tapes, records, discs or other similar audio, visual or data electronic devices, or any speed measuring equipment within the vehicle. It is the responsibility of the owner and possessor to ensure they remove any personal belongings from the car before and after each period.

No Permissive Drivers

Insurance covers our customers only. As per DriveOn's Terms of Service, DriveOn cars may only to be operated by the possessor of the car.

Personal Usage Only

Insurance coverage applies to cars for personal use only. Cars used for commercial purposes (such as commercial deliveries or commercial ride-sharing), organized racing, or stunting activity are not covered.

Late Reporting

Incidents that occur must be reported to DriveOn, Inc. within 24 hours of the occurrence. If a claim is not reported within 24 hours of the event occurring, you may forfeit your insurance coverage and be solely responsible for the full cost of repairs and any loss or liability arising from the incident.

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Additional Terms and Exclusions

If you have specific questions regarding the statement of insurance including terms, limitations, and exclusions, please contact us at help@driveon.co.