Another insurer has entered into Ontario's ridesharing
insurance market. Effective December 1, 2016, Northbridge Insurance
provides ridesharing coverage for users of RideCo., a Waterloo
Region-based ridesharing company. The new product seeks to fill
existing coverage gaps under Ontario's standard Ontario
Automobile Policy (OAP 1) when insureds are using their vehicles
for RideCo. However, the new policy still leaves coverage questions
about how the new policy interplays with the vehicle's
underlying policy.
Background
Like UberX, RideCo is an online, app-based ridesharing company
that operates in Waterloo Region. According to its Web site:
RideCo lets you book personalized, express transit service. You
simply search and book a ride on our mobile app. Our technology
will do the work to schedule professional transportation to fulfill
your ride booking. What is unique is that you will share that ride
with other passengers, therefore making it affordable—near to
the
