Cosmic Insurance

TLC Insurance

TLC Insurance typically refers to insurance coverage specifically tailored for transportation network companies (TNCs) or ride-sharing services such as Uber, Lyft, or similar companies. TLC stands for "Transportation Network Company" or "Taxi and Limousine Commission," depending on the context.

In the context of TNCs, TLC insurance provides coverage for drivers and their vehicles while they are actively engaged in providing rideshare services. This coverage is essential because personal auto insurance policies typically do not cover commercial activities such as ride sharing. TLC insurance typically includes several types of coverage:

Liability Insurance
Uninsured/Underinsured Motorist Coverage
Terms of Policy
Collision Coverage
Comprehensive Coverage

Insurance Benefits :

Liability Insurance:

This coverage protects the driver and passengers if the driver is at fault in an accident while providing rideshare services. It typically includes bodily injury and property damage liability coverage.
Uninsured/Underinsured Motorist Coverage:

This coverage protects the driver and passengers if they are injured in an accident caused by another driver who does not have sufficient insurance coverage.
Collision Coverage:

This coverage pays for damage to the driver's vehicle if it is involved in an accident, regardless of fault.
Comprehensive Coverage:

This coverage pays for damage to the driver's vehicle caused by non-collision events, such as theft, vandalism, or weather-related damage.

TLC insurance is typically purchased by the driver or provided by the ride-sharing company as part of its insurance program. It is designed to fill the coverage gaps that may exist between the driver's personal auto insurance policy and the insurance coverage provided by the ridesharing company while the driver is actively engaged in providing rideshare services.