Lyft has launched its own collision insurance business, with the help of Google and Lyft, that will be available to customers of its parent company, Uber.
The collision insurance company has added two new insurance categories to its existing insurance pool, which currently includes a single-vehicle collision.
Lyft is offering drivers and passengers the ability to choose between the three new collision categories: personal, commercial and commercial coverage.
Personal coverage includes claims for loss of personal property, such as car parts, furniture and furniture components, and personal property damage that does not include personal property.
Commercial and commercial insurance covers claims for bodily injury, such a claim for loss or damage to property, or bodily injury or death to a passenger or driver.
The personal coverage for these types of claims is the same as the commercial coverage, with a minimum $1,000 deductible and an maximum $2,000 limit.
Lyft says it has not found any customers who use commercial insurance, and is looking to see if there are any drivers who have used commercial insurance.
The new collision insurance pool also includes claim limits for the collision of a vehicle with a person.
For instance, a collision involving a person could be for the driver of a pickup truck being struck by a pickup driver who is trying to drive the truck.
Lyndon has expanded its collision insurance offering to include drivers in the United States, Canada and Mexico, but only for the drivers of Lyft vehicles.
Lyneham said that the new collision policy includes a one-year deductible and a maximum limit of $1 million, which is more than double the $250 deductible and $500 limit for the existing policy.
The company said that if you have a collision claim in the U.S. or Canada, your claim will be processed in 1-2 business days.
Lymeham has been testing its collision policy for a year, and says that the coverage will be rolled out in the next few months.