Are you making money with Uber or Lyft, or thinking about it? Reno State Farm agency owner Nicole Williams says many just don't know the important insurance issues involved. Like, does your policy cover your car when you're picking up fares? "Basic auto policy is not going to cover any sort of work where people are in transit."

She says check your policy. If it has "driving-for-hire" in its list of exclusions, your car insurance won't cover your car once you sign on to the rideshare app to take rides. Williams says, "If they had an accident, no coverage at all. Injuries… the whole nine. They can garnish wages."

Insurance from the ride company usually kicks in once a passenger enters your car. But that only covers the basics. Williams says, "Usually it’s just liability, so that's it."

You can now buy extra safety from agents like Nicole. Ask your agent about "Rideshare Driver Insurance Coverage." She says “It really is not that expensive to add that coverage. But it’s just very important that there are no gaps in coverage, that they're not left with no coverage at all."

There are safety concerns for riders too. What if the Uber or Lyft you ordered was involved in a safety recall? It’s a valid concern. Consumer Reports found one in 6 of those recalled vehicles was not repaired with those defects. As Nicole told me, "That is something that can be a concern to consumers." Their findings are below:

Consumer Reports says Uber and Lyft don't require those to be fixed, but rather send warnings to drivers. That alarming number is on-par with all personal vehicles on the road, including taxis and limos. Vehicle tracking service Carfax estimates that 57 million cars have an unrepaired defect cited in a recall.

And if you'd like to know the ins and outs of Rideshare Driver Coverage, here’s a link that answers all your questions: