The Benefits Of Non Owners Auto Insurance
Sometimes you may be in a position where you need to drive a car that you do not own; this can occur when you need to drive a rental car or a car that you are borrowing for an extended period. It’s important to remember that in the US it is illegal to drive a car without some form of insurance (at the very least, liability insurance). Non owners auto insurance is a good option in these circumstances.
This type of insurance differs from normal car insurance in that it typically only provides liability coverage. This means that you are only covered for damage done to other vehicles, property or people. These policies usually do not include comprehensive coverage, collision coverage, or medical care coverage although you can purchase this extra coverage at additional cost. Unlike normal auto insurance, non owners insurance does not require a deductible to be paid before the coverage can be claimed.
When considering this type of insurance, you should make sure that the policy includes a loss damage waiver. This is similar to comprehensive insurance in that it provides cover in the event of theft. This means that you are covered for loss in the event that the car is stolen while in your care.
This type of car insurance is most often used by people who do not own a vehicle of their own and do not have access to other vehicles such as family or work cars (whose policies might otherwise cover them). These policies always apply to one driver and you cannot add family or other people who might drive the car.
If you already own a car then this type of policy may not be applicable to you – it is used when you are driving someone else’s car that is not regularly available to you.
These types of policies are, however, not provided in the following situations: when the car to be insured is registered to you or for cars that yow own that are not registered to you, when the car is owned by people living in your household, cars that have been loaned to you or cars that you use on a regular basis.
This type of policy makes sense for people who rent or borrow cars on a regular basis. Having this type of policy can, in fact, save you money over an extended period of time. For example, rental companies’ policies can be very expensive (up to one hundred dollars a day) while a non owners policy is typically only a couple of hundred dollars a year. If you drive vehicles that you do not own on a regular basis this can be a smart financial decision.
One of the most important elements of non owners car insurance is that you may be held liable for damages to the car by the car’s owner. This type of policy covers you against legal action taken by the car’s owner or the owner’s insurer when you are involved in an accident.
Category: Company Reviews