Ridesharing

{
  "id": "MLC-T-INS-002955",
  "term": "Ridesharing",
  "field": "Insurance and risk management",
  "definition": "The practice of individuals using their personal vehicles to transport passengers for a fee, arranged through a digital platform or app. This activity creates unique insurance challenges because personal auto policies often exclude coverage when a vehicle is used for commercial purposes. Specialized insurance products or endorsements are available to cover the different phases of ridesharing activity.",
  "subject": "Personal Lines",
  "url": "https://mlchart.com/terminology/insurance/ridesharing/"
}