According to data cited by the Pew Research Center, a growing share of Americans have used—and currently use—ridesharing apps. Uber is the largest ridesharing company in New Jersey. Taking an Uber can be convenient and cost-effective. Of course, there is always a risk of an accident.
This raises a question: How much does Uber pay in an accident claim? The answer depends on several factors. Within this article, our Jersey City Uber accident attorney explains the key things to know about how much the ridesharing company will pay for a crash in New Jersey.
Know the Law: New Jersey has Specialized Insurance Regulations for Ridesharing Companies
New Jersey has specific insurance regulations for ridesharing companies, such as Uber and Lyft, to ensure that passengers and drivers are protected in the event of an accident. These regulations require ridesharing companies to maintain a certain level of liability coverage for their drivers, both when they are logged into the app and waiting for a ride request, as well as when they are actively transporting passengers.
The New Jersey Motor Vehicle Commission explains that Uber and drivers must ensure that their vehicles are covered by a minimum $1.5 million liability policy whenever a customer is within a vehicle. When a ridesharing driver (Uber driver) is looking for a fare, there are also specialized regulations in place—with at least $50,000 for death or bodily injury per person and $100,000 per accident required. An Uber that is “off the clock” is not covered by these commercial regulations.
The Factors that Affect How Much Uber Will Actually Pay for an Accident
Of course, Uber’s insurance providers do not pay out the policy limit in every accident claim. There are a number of different factors that impact how much the ridesharing company will actually pay. Here are three of the most important factors:
- Liability: The first factor that affects how much Uber will actually pay for an accident is a liability. If the driver is determined to be at fault for the accident, Uber will likely be held liable for any damages or injuries that occur. New Jersey has a partial no-fault law, but serious accident claims are often fault-based claims.
- Damages: You must prove your damages. The extent of the damages will also play a role in determining how much Uber will pay for an accident. If the damages are severe and result in high medical bills or vehicle repairs, Uber will likely have to pay a higher amount.
- Ability to Navigate the Claims Process: Uber and its insurance companies are not on your side. They want to pay out less—possibly denying liability outright. An experienced New Jersey Uber accident lawyer can help you effectively navigate the process to maximize your settlement or verdict.
Contact Our Jersey City Uber Accident Attorney for a Free Review of Your Case
At The Law Offices of Anthony Carbone, our Uber accident lawyer has the specialized skills, experience, and legal expertise to help victims get justice. If you or your loved one was hurt in an Uber crash, we are here as your resource. Call us now or connect with us online to set up your free initial appointment. We handle ridesharing accident claims throughout all of North Jersey.
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