Join the driver-funded mutual pool for a small weekly subscription fee. While your vehicle is in the collision center after an accident, you receive 80% of your average rideshare income until your vehicle is repaired.
Minimum rating of 4.8 on both Uber & Lyft platform is required.
We expect to maintain a high standard of clientele when it comes to income protection. Make sure you have a 4.8+ rating before applying.
Your weekly subscription fee is pooled with the fees of other highly-rated rideshare drivers. Kover.ai does not profit from excess fees, so you never overpay.
After an accident, you can file a claim directly on the website. Claims are reviewed algorithmically using impartial datasets. Most claims are approved in a few minutes.
Payments equal to 80% of your rideshare income are sent weekly to your checking or savings account on file.
File a claim when...
Payouts stop when...
a) You are involved in an accident (it doesn't matter if you are at fault); AND b) the vehicle you registered for Uber/Lyft is delivered to the repair shop.
a) Your repaired vehicle is returned to you; OR b) your maximum payout is reached.
Your average Uber + Lyft weekly income
Estimated Payout Per AccidentEstimate based on 6-week post-accident repair time
Big insurance companies have a big problem: they spend too much money. As a matter of fact, they waste hundreds of BILLIONS of dollars each year on outdated, manual processes. Then, they overcharge their customers to cover these extra expenses. Kover.ai decided to fix the broken insurance system. Artificial intelligence and blockchain smart contracts are used for end-to-end automation of the system. This revolutionary system results in near-zero operational costs! By cutting out the middleman, those savings can be passed directly on to you, the customer.
How are Kover.ai’s prices so low?
Big insurance companies spend hundreds of billions annually to maintain outdated, manual processes. Many literally still use IBM mainframes from fifty years ago! At Kover.ai, artificial intelligence and blockchain smart contracts are used to automate the process from end to end. This means no humans in the loop, which results in massive cost-savings. Those savings are passed directly to you.
Is your coverage as good as Big insurance company?
Absolutely! The terms are simple and clear, with no caveats. You pay a small weekly subscription fee in exchange for coverage that can repay you 80% of your income due to an accident.
How do I know you’ll be around if I need a claim?
Kover.ai is backed by MetLife Insurance, the largest insurance carrier in the United States, and Techstars, a prestigious venture capital firm and incubator program. We also have a 4.9 user satisfaction rating and numerous customer reviews across a variety of review sites.
How long does it take to sign up?
The average time for Kover.ai customers to sign up is 58 seconds. Just answer some simple questions, add your payment info, and you’re set!
Do you offer a 12-month policy?
No, all coverages are subscription-based, like Netflix. You pay a monthly or weekly premium and can cancel anytime.
Will my policy auto-renew?
Yes, it will auto-renew by default, like Netflix. You can cancel anytime.
How do I cancel my policy?
Just go to your user settings on our website (www.kover.ai/profile) and click “Cancel my subscription”.
How do I renew my policy?
Your policy renews by default. You can cancel anytime.
What does the Rideshare Income Protection cover?
Kover.ai protects you against loss of income after an auto accident. After an accident, your car might be in the repair shop for several weeks and you may not be in the best physical or mental condition to get back out on the road. This is where the Rideshare Income Protection comes into play. It covers up to 80% of your income, up to $10,000, or until you get your vehicle back.
How much is the monthly premium?
Our monthly premium is 2% of your monthly income, billed weekly. If you earn, on average, $2,400 a month driving for Uber and Lyft combined, your premium would only be $12 per week. Kover.ai’s back-end systems are completed automated and, since we do not profit from excess subscription fees, this is, by far, the lowest rate on the market.
How much is the payout?
Payout is up to 80% of your normal monthly rideshare income, calculated across the previous six months. If your driving history is less than 6 months, your entire driving history will be used to calculate your monthly rideshare income. The maximum total payout is $10,000.
How do I file a claim?
Just click ‘File a claim’ on our website’s homepage (https://kover.ai/auth/authenticate/claim). Most claims are automatically reviewed by Kover.ai within minutes. Once approved, your first payout is made instantly.
What information should I have ready to file a claim?
Please have your driver’s license, license plate number, and VIN number ready. Most claims are automatically reviewed by Kover.ai within minutes, but it may take longer or require additional documents if there is inconsistent or incomplete data.
Do I need to pay a deductible?
No. Kover.ai protection comes with no deductible.
How fast will my claims be paid?
Once your claim is approved, the first payment will be made to your Kover.ai account instantly. You can then immediately transfer funds to your bank. Depending on your banking institution, it may take from 1-7 days for funds to arrive in your checking or savings account.