A Layman's Guide to Non Owner Insurance Policies
A Layman's Guide to Non Owner Insurance Policies
Do you drive on the road sometimes but do not own a car? If you do, you will still need to obtain auto insurance, but it will be a different kind. Did you know that even if you borrow or rent a vehicle you can purchase non-owner insurance policies to cover you during accidents? Thankfully, the information of the basics of non-owner coverage is easily found online and through this guide on non-owner insurance policies. It is not complicated at all.
First of all, you should determine the basic coverage that this type of policy has to offer with the state that you drive in. Generally these types of policies mainly focus on providing you as the driver with liability protection or the financial responsibility during an accident. Other coverage includes uninsured or underinsured motorist protection, personal injury protection and medical payments. Usually the coverage offered under a plan like this does not include costs of towing, certain collision damages and other vehicles that are driven by the policy holder. If you are with a company that requires you to drive a company vehicle, obtaining non-owner insurance will also protect the motorist in accidents and emergencies.
Second, it is a good idea to compare the prices for coverage of non-owner policies online. Compare quotes with several different providers in order to get the best deals. Though each state may vary with prices of monthly premium rates, the policy will generally be around half the cost of the premiums of standard plans for drivers who own cars. Buying a plan such as this is also more cost-effective if you generally rent from a car company versus buying coverage that the car company has to offer. If you know that you will be renting a vehicle for more than a week or borrowing for a more extended period of time, buying into non-owner insurance will save you in the long run. It is also more of an affordable option for drivers. Depending on where you live and drive, the cost for the insurance can be around $30 to $50 a month or $300 to $600 annually, which is less than many regular types of policies.
Another thing to know when going for non-owner insurance policies is that the coverage kicks in when other plans are tapped out. Consider this example: You are driving your friend's car for a while and you end up crashing it by getting into an unfortunate accident. Your friend's plan covers the damages up to the amount that is included on that policy's limits. If your friend's approved claim amount is not enough to cover all of the damages, yournon-owners insurance claims would pay out the rest. In other words, your friend's auto policy reimburses for the expenses up to the liability limit and the remainder is covered by your non-owner's insurance plan. If you become involved in an accident either renting or borrowing a vehicle, you, as the driver are ultimately responsible and might be faced with legal actions with the car's owner or rental company where the car is insured. Take out an Insurance Policy to Safeguard Your Personal and Professional business against Uncertain Losses Insurances to Ensure Your Properties' Not Going Go Down Seven Personal Characteristics Of A Good Leader Inventing your Personal Brand How Long Does it Take for a Personal Injury Lawyer in Wendell NC to Settle My Case? Hire Personal Injury Attorney's Sacramento Personal Injury Attorney Personal Injury Services Personal Injury Lawyer Sacramento – Beginners Guide Develop Your Personal Aquaponics System The Appeal Colorful Personal Checks Whiplash Claims Cases – Avoid the Hassles, Hire a Personal Injury Attorney How To Speed Up Personal Injury Claims