In a press release today the Government of Alberta warns passengers and drivers of the possible financial dangers of using the controversial Uber Ride Sharing Service.
The Alberta Superintendent of Insurance has completed a review of Uber's insurance policies and has found some significant issues with regulatory compliance. They are stating that "Albertan's are at risk of not having access to insurance protection and accident benefits under Alberta law if using Uber's ride sharing services."
The Insurance Bureau of Canada stated in an interview earlier this year that Uber drivers are essentially voiding their insurance by participating in the service. "Uber drivers will most certainly void drivers policies unless they have the optional SEF 6 endorsement added to their policies." But today is the first time we are hearing about the potentially devastating risks for Uber passengers.
The Alberta Government is encouraging passengers of any service to always ask for proof of commercial insurance coverage so they are not putting themselves at risk of having no protection in the event they are injured in an accident.
A plan is currently underway to develop new regulatory approaches for ride sharing services, but until then they urge every one to use caution and understand the risks of using these services.