![]() ![]() eRideShare and Ridester use web portals to match drivers and passengers. What is ride sharing?Ĭompanies like Lyft, Uber, Sidecar, eRideShare, and Ridester act as brokers or ride-sharing exchanges between prospective drivers and passengers. GetAround is currently available in San Francisco, Portland, Chicago, Austin, and San Diego. The services solicit car owners with pitches such as “The average car sits idle for 22 hours a day” and “Earn up to $1,000 a month by renting your car.” 1 Typical rental fees can range from $8 to $10 per hour. For example, a car owner can drive to work in the morning and park his car, at which time a renter can pick up the car to run a few errands and return it before the end of the workday. Using a smartphone application, car owners list their cars as available for rent from any location within the geographic area that offers the service. GetAround and RelayRides offer “peer-to-peer” car rentals, another version of car sharing. Their service is currently available at two airports in Boston and San Francisco. FlightCar’s rates are typically far below the rates of commercial rental car companies. FlightCar even washes and vacuums the car. In return for sharing a car that would otherwise sit idle, the car owner gets free airport parking, a ride to the terminal, and a portion of the car’s rental fee. FlightCar bills its service as “car sharing for travelers.” The company specializes in owners who drive to the airport and park their cars there while traveling. Services such as FlightCar, GetAround, and RelayRides act as brokers between people offering their cars for rent and those seeking rentals. Simply put, with car sharing, a private individual rents his or her personal vehicle to another driver for a few hours, days, or weeks. Entrepreneurs are eager to capitalize on the trend. It’s now possible to share cars and rides with little or no advance notice using social networks to draw from large numbers of anonymous individuals. Technology has altered the nature of ride sharing. But those forms of sharing typically require advance planning and involve people who know each other. Some traditional taxi companies and related regulators appear vexed by ride sharing.Įmployee carpools or college dorm mates sharing a ride home from school are long-standing traditions. But despite the friendly-sounding names, the new types of sharing may have implications that insurers and policyholders haven’t anticipated. The idea of sharing a car or a ride seems innocuous it conjures up images of giving a neighbor a lift to the store or parents taking turns running errands with the family minivan. Two new issues - ride sharing and car sharing - have now crossed insurers’ paths, and they pose some interesting challenges. Personal auto insurers track many industry trends, including mobile app technologies, telematics programs, and automated vehicle advancements. ISO Electronic Numerical Listings of Classification Codes.Estimating Software for Building and Repair. ![]()
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