What does the Non-Owners Insurance cover exactly?

Question

I bought a non-owners insurace to a car that i do not own but drive every day. What exactly does this insurance cover($ amount or estimate limit of coverage moneywise). I also want to know the Pros and Cons of having Non-Owners Insurance as your coverage.

Answer 1

Well, a non-owners policy excludes any vehicles that are provided for your regular use. So, the policy wouldn't provide any coverage for the vehicle you use every day. It only provides coverage for a vehicle you may borrow ONCE. Your agent should have told you that. Do they know this?? Some may not. In your situation, this is a big waste of money.
Did you do this for a company vehicle? If you did, you may want to check with your employer to see if they can provide you coverage for when you use the vehicle for personal use. They will need to check with their insurance.
One thing for sure be sure you are a listed driver on the auto policy on the vehicle, whether personal (you are using a friend's persona vehicle) or commercial.
If I were you, if this is a business vehicle, I would buy an older vehicle that can have liability only (this is normally cheaper than a nonowner policy anyway) and add the extended nonowner endorsement, which WILL respond & defend you for a vehicle that is provided for your regular use. Do you have any other insurance in your household? If so, you should be able to be a driver & then you can add the extended nonowner endorsement too (it can be added for named insured & spouse &/OR a driver). I hope this helps.

Answer 2

Looking 4 Cheap Car Insurance? Click: http://www.cheapinsurance4auto.info

great car insurcance rates site.

Your insurance of vehicles will be mandatory in otherwise owners have to face the consequences. The trend nowadays is always to find car insurance rates and quotes online. People prefer to find all the info they need online as opposed to shopping for quotes by driving across the city.

You would imagine getting the cheapest motor vehicle if tight budget can be a matter of concern to suit your needs. You must have the patience to research about the auto rates and quotes which supports you find cheap car insurance. When you take a cheap automobile insurance policy it does not mean that its quality is inferior towards expensive ones. By looking at the right places you may also benefit from a large amount of discounts on such insurance plans.

Since the internet supplies plenty of information online it is very easy to find cheap motor vehicle in LA. You must consider the actual suitability of insurance to meet your needs while thinking of buying cheap car insurance policy. You must think of this family's needs and requirements before buying automobile insurance and not base your own preference on another person's needs or decision.

You must be successful in choosing the right car insurance policy. Hence it is crucial to compare quotes and rates before investing in such a policy. You can also reduce your car insurance rate with the help of other devices that can be bought in LA. You can consider the pros and cons of the matter and take your decision based on the issues that are being addressed. It pays to remain calm and shop around because it may take some time to locate the very best car insurance. However this really is really worth the effort because auto insurance is an important a part of a driver's life. You borrowed from the best protection for you and your car.

Answer 3

A non-owners, or named driver only, policy covers the DRIVER in any vehicle they are driving. The driver's insurance is primary over the vehicle's insurance.

The PRO's: you don't have to worry whether the car you're driving is insured

The CON's: your rate can rise if you're at fault for an accident.

As every policy is different, and since you just bought one...ask your agent. They went over this stuff with you already. OR, read your policy. And on the off chance you don't have your policy or you don't want to talk to your agent (the one who knows)...why would you purchase something if you didn't know what it was to start with????

Answer 4

call an agent for the info