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NRMA insuring Uber drivers

Discussion in 'Living Room' started by Chilliblue, 28th Aug, 2015.

  1. Chilliblue

    Chilliblue Well-Known Member

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    Interesting that whilst being an Uber driver for monetary gain is an illegal activity in Australia (and even Uber's own CEO admitted that Uber works outside of the law), NRMA has decided that they will provide insurance coverage.

    The reason given is that NRMA do not want to discriminate amongst policy holders.

    Interesting policy when the same company will void your insurance policy if you have an illegal addition to your property (real estate or vehicle) and will not cover any pre advised illegal additions.
     
    Perthguy likes this.
  2. Peter_Tersteeg

    Peter_Tersteeg Finance broker and strategist Business Member

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    From a certain perspective there's potentially an upside. A lot of Uber drivers will switch to NRMA as a result of this and due to the exclusivity they can charge a premium. Even if Uber is shut down, a lot of people will maintain those policies.
     
  3. Steven Ryan

    Steven Ryan Mortgage Broker Business Plus Member

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    "When an idea's time has come, it cannot be stopped".

    Good to see some support. Some landlord insurers are starting to wake up to Airbnb) (and other short stay) hosts too.

    It's only a matter of time before the archaic taxi and hotel industries are massively disrupted and ultimately, both users and participants will win. Just some growth pains to get through first.
     
  4. Azazel

    Azazel Well-Known Member

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  5. geoffw

    geoffw Moderator Staff Member

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  6. Darlinghurst Boy

    Darlinghurst Boy Well-Known Member

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    Sydney Taxi plates have gone under 300k in most cases.
    I have been looking for one and got offered a 250k to buy from a investor.

    But too risky to buy plates at this time.
     
  7. Big Red

    Big Red Well-Known Member

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    All the gov has to do is request the metadata from the call and they have a list of uber drivers?