Waymo robo-taxi service to include rider insurance

Waymo robo-taxi service to include rider insurance

Business news |
By Rich Pell

The partnership would enable the self-driving car company to offer trip insurance customized for passengers of its ride-hailing service, which is due to launch in Phoenix, Arizona in 2018. The insurance coverage will include protections for passengers for the duration of each trip including lost property, trip interruption benefits, and medical expense reimbursement.

Trov’s on-demand insurance platform lets people easily turn protection on for individual items that they own, and pay for just the protection they need. The company’s partnership with Waymo marks its move into the mobility space, and, the company says, represents the first in a suite of solutions tailored to serve both today’s and tomorrow’s modes of transport.

“This partnership highlights the convergence of the future of transportation with the future of insurance,” says Trov Founder and CEO Scott Walchek. “Waymo is making personal transportation more effortless, and so it follows that all associated aspects of a journey – including insurance – should be equally painless, with passengers’ safety and peace of mind paramount. We are genuinely excited to be partnering with Waymo in developing innovations for insuring people and property in the evolution of personal mobility.”

Passengers of Waymo’s service will receive automatic insurance coverage during their trip without having to pay an extra fee or, says Trov, even need to select or acknowledge the coverage. Founded in 2012, Trov is a licensed insurance broker underwritten by a non-admitted affiliate of Munich Re.

Trov Waymo

Related articles:
Waymo to launch driverless robo-taxis in Arizona
GM to launch robo-taxi service in 2019
Intel, Waymo collaborate on self-driving cars
Self-driving car bill up for vote in U.S. House

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