How Long Does It Take to Settle a Lyft Accident Case?

Lyft Accident Case Settlement: The Timeline

How long will it take for Lyft to settle an accident claim?

How long does it take for Lyft’s insurer to settle a personal injury claim?

How much time does it take for Lyft to pay out on a personal injury claim?

How long does Lyft take to process a personal injury claim?

The answers to these questions depend on many things, especially the length of time it takes you, your attorney, and the insurance company to go through each step of the process associated with settling a claim. To start, the amount of time that it will take to settle a lyft car accident claim will depend on things like when the accident occurred, what the available insurance coverage is and the severity of the injuries sustained. Generally, however, due to Lyft’s high liability insurance policy limits ($1 million), Lyft is usually not quick to settle personal injury claims. The reasoning for this is that in most cases, the value of the injuries and damages that need to be compensated after a lyft car accident are nowhere near Lyft’s $1 million dollar policy limits.

Thus, Lyft usually does not have an incentive to settle quickly. In these cases, Lyft is not worried about the potential of getting slapped with a jury verdict in excess of their policy limits. However, Lyft’s primary insurance coverage does not always apply. This is because there are 4 types of insurance coverages that may apply. Here are the names of the four types of coverages: Contingent liability Coverage, Primary Automotive Liability Coverage, Collision Coverage, and Uninsured/Underinsured Motorist Coverage.

Lyft’s car insurance works similar to other car insurance. The biggest difference is that Lyft cars usually have much more insurance than your average car. Contingent liability coverage is designed to provide coverage when the app is in driver mode but the driver has not received a ride request. The policy has a $50,000 maximum limit per person, $100,000 maximum limit per accident, and a $25,000 maximum limit for property damage. There is no deductible under this policy. It is important to point out that this coverage may be modified to comply with specific city or state insurance requirements.

Lyft’s primary liability insurance is designed to act as the primary coverage from the time a ride is accepted until the time the ride is complete and the coverage limits are $1 million. For drivers who already carry commercial insurance (or personal coverage providing specific coverage for ridesharing), Lyft’s policy will be excess coverage. The primary insurance liability limits only apply from the time a driver accepts a ride until the ride is complete. When a lyft driver is waiting for ride requests, Lyft’s contingent liability coverage applies. Lyft’s contingent liability coverage has a maximum of $50,000 per persona and $100,000 per accident. In these cases, if a Lyft driver was negligent and caused serious injuries to another passenger or person riding in another vehicle, Lyft will be more inclined to quickly settle the claim so as to avoid the potential that they will have to pay a jury verdict that exceeds their $50k/$100k policy limits.

Who Handles Lyft Accident Claims?

To try and understand how Lyft accident claims are handled, it is important to realize that Lyft does not handle their claims directly. Instead, Lyft’s claims are handled by one of their many partners throughout the United States including: Latitude, Travelers (Constitution State Services), Progressive (United Financial Casualty Company), State Farm (State Farm Mutual Automobile Insurance Company), and Sedgwick. Currently, Lyft is insured by Greenwich Insurance Company. It says so on Lyft’s Certificate of Insurance for Florida. If you want to take a look at Lyft’s Certificate of Insurance for your state, you can head over to the following link: List of COA’s for Lyft By State.

Below we have provided an infographic that explains all of the steps that lead up to an eventual settlement of a Lyft accident claim:

building-your-personal-injury-claim-1

As you can see, there are many parts of the process of reaching a settlement for a Lyft accident claim. Each of the points above can take time to complete. You might have assumed that Lyft and Lyft’s insurance company could be the only parties that could cause a delay in your settlement; however, both you and your attorney can cause your settlement to take longer. You must hire a persistent attorney that is experienced in handling claims against insurance companies. You must also always do everything in your hands to be available to sign the documents necessary to finally get your check. If you or a loved one were involved in a car accident involving an uber or lyft vehicle, contact the accident injury attorneys at Suarez & Montero and ask about receiving a free consultation so that we can see how we can help you with your uber accident claim. Our skilled rideshare accident lawyers have the experience necessary to handle all aspects of your rideshare case to make sure you secure the compensation that you deserve.

Our skilled Uber and Lyft accident attorneys routinely leverage their considerable experience into obtaining significant settlements from insurance companies who are known for being reluctant to pay out on claims. Additionally, our firm genuinely cares about our clients. When they come to us for assistance with any legal matter, we provide the utmost personal attention to make sure that we achieve the best possible outcome.

We serve clients throughout Florida including those in the following areas:

Miami-Dade: Aventura, Coral Gables, Doral, Fontainebleau, Hialeah, Homestead, Kendall, Miami, Miami Beach, Miami Lakes, North Miami, Tamiami, and Westchester.

Broward: Fort Lauderdale, Hallandale Beach, Hollywood, Pembroke Pines, and Weston; and Palm Beach County including Boca Raton, Lake Worth, and West Palm Beach.

Jaime Suarez

An experienced legal personal injury defense professional in Miami, who is dedicated to helping accident victims with personal injury cases involving automobile accidents, brain and spinal cord injuries, slip and fall accidents, prescription errors, wrongful death, and accidents at work.