In the event the Quebec government regulates ride-sharing, count on coverage from Aviva
MONTREAL, May 4, 2016 /CNW/ - Responding to the growing trend of ride-sharing services and the need to protect both passengers and drivers, Aviva Canada – one of the country's leading providers of home, automobile, leisure/lifestyle and business insurance – is pleased to have developed an affordable and convenient insurance product that would bridge the insurance gap in Quebec, if the government decides to allow ride-sharing programs. Unlike carpooling, ride-sharing drivers and passengers are not covered by their personal automobile insurance policy in case of a claim.
Earlier this year, Aviva Canada made ride-sharing insurance coverage available in the province of Ontario and filed for regulatory approval in Alberta.
"We have developed a simple and affordable product designed for Quebec drivers and passengers that will give them absolute peace of mind while ride-sharing, if the government goes ahead with a dual regulation regime and pending regulatory approval," said Martin-Eric Tremblay, Senior Vice President for Quebec and Atlantic Canada for Aviva Canada. "We're thrilled to be providing innovative insurance solutions that meet the ever-changing needs of Quebec consumers."
The coverage is independent of ride-sharing facilitators and is a simple addition to an Aviva-insured personal auto policy. It would become available for Quebec drivers with the required approval of the Autorité des marchés financiers (AMF). Ride-sharing drivers (such as those contracted with UberX and the like) will be protected from the moment they initiate looking for passengers through to collecting and dropping off those passengers. Eligibility for coverage will be based on some simple underwriting criteria (e.g., maximum of eight passengers, licensed for a minimum of six years, no other commercial use, etc.).
This coverage will be available for drivers that spend up to 20 hours a week participating in ride-sharing. The cost for the additional coverage will be calculated using factors such as time spent ride-sharing, area driven and driving record.
To be clear, Aviva Canada does not endorse Uber, or any other specific ride-sharing program. Aviva takes no position on the regulatory or public policy questions raised by ride-sharing, which are best left to elected government officials. It is Aviva's view that regulation needs to work for consumers and respect the need to evolve in their best interests as innovation brings the need for new products. As an industry leader, Aviva Canada will continue to proactively address gaps in insurance coverage that potentially leaves ride-sharing drivers and passengers without appropriate protection and benefits in Quebec.
About Aviva Canada
Aviva Canada is one of the leading property and casualty insurance groups in the country providing home, automobile, leisure/lifestyle and business insurance to more than three million customers. A wholly-owned subsidiary of UK-based Aviva plc, the company has more than 3,500 employees, 25 locations across Canada and approximately 1,500 independent broker partners.
Aviva Canada invests in positive change through the Aviva Community Fund, Canada's longest running online community funding competition. Since its inception in 2009, the Aviva Community Fund has awarded $6.5 million to over 222 charities and community groups nationwide.
For more information visit AvivaCanada.com, our blog or our Twitter, Facebook and LinkedIn pages.
SOURCE Aviva Canada Inc.
For further information: Media Contact: Priscilla Wong, Public Relations Specialist, Aviva Canada Inc., Desk: 416-288-6780, Mobile: 647-208-7523, email@example.com; Alessandra Salituri, Public Relations Consultant, Jonathan Goldbloom and Associates, Desk: 514 -750-0887 Ext 100, Mobile: 514-567-8553, firstname.lastname@example.org