Taxi insurance is one of the most important guarantees that a taxi owner must have. This insurance provides a safety net in the event of an accident to repair damage to the vehicle, drivers, passengers and others. The insurance is also useful for receiving financial support for fire, explosion, theft, vandalism and third party damage. There are two types of taxi services: public rental and private. The government has made taxi insurance compel all taxi services.
Private and public taxis accommodation
Public taxi rentals are taxis that handle reservations or take passengers off the street when and where they are welcome. On the other hand, personal taxi rental is the type of service that applies only to people who book a taxi. A private taxi cannot take passengers, unlike a public taxi.
Personal rental insurance is the coverage offered by taxis that offer private rental services. The provisions and provisions of the private renter insurance differ slightly from the terms of the statutory rental insurance. A private taxi owner can choose from an extensive rate, taxi share insurance and fire and theft insurance. The risks associated with public and private rental are almost the same, as they are used almost simultaneously to carry passengers. As a result, the coverage required for private rent is comparable to that of public rent.
The provisions of private rent
Private taxi insurance is only valid if a vehicle complies with all the rules and regulations that apply to a private taxi service. Private taxi drivers need a special vehicle that sets them apart from other drivers. The driving license is issued after careful examination of the driving rights, the distance and the registration driver. Unlike public taxis, private taxis are not allowed to advertise with flashing signs on the vehicle. A private taxi is required for this service, which needs to be renewed in a timely manner.
What should private renter insurance cover?
The basic guarantees that personal insurance must offer are vehicle damage as a result of collision, fire or vandalism, physical or material damage to passengers and all third parties involved, and legal costs. in the event of legal action against the taxi company. If the vehicle is seriously damaged and unusable, financing for a new vehicle is mandatory. Another very important guarantee that the insurance company has to offer is the loss of income. If you are a taxi driver and taxi driver and are unable to drive due to illness or any other valid reason, the insurance must cover your expenses. You can also get a repair and maintenance guarantee from the insurance agent to replace the windshield and windows, as a private taxi should always look new and pop up.
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