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Insuring Non-Owned Autos: Why and How

Non-owned auto insurance is an insurance policy that covers liability and physical damage caused by a vehicle that you rent, borrow, or use for business purposes but don’t personally own. Let’s dive into what non-owned auto insurance is, why you might need it, and what it covers.

Why You Might Need Non-Owned Auto Insurance

There are several situations where you may need non-owned auto insurance. Here are a few examples:

  1. You rent cars for business travel. If you frequently rent cars for business travel, you may want to invest in non-owned auto insurance to protect yourself against liability and physical damage.
  2. You use a company car. If you use a company car for business purposes, your employer’s insurance policy may only cover liability and physical damage up to a certain limit. You may want to consider non-owned auto insurance to cover yourself in case of an accident.
  3. You use a personal vehicle for business. If you use your personal vehicle for business purposes, your personal auto insurance policy may not cover you if you’re involved in an accident. Non-owned auto insurance can provide additional coverage.

What Non-Owned Auto Insurance Covers

Non-owned auto insurance typically covers the following:

  1. Liability. Non-owned auto insurance covers the cost of damages and injuries you may cause to others in an accident.
  2. Physical damage. If the non-owned auto you’re driving is damaged in an accident, your non-owned auto insurance can cover the cost of repairs or replacement.
  3. Medical expenses. Non-owned auto insurance can cover the cost of medical expenses incurred by you or your passengers in an accident.

How to Get Non-Owned Auto Insurance

Non-owned auto insurance is typically an add-on to a current insurance policy. Talk with your business management to determine if the policy they have in place includes or offers non-owned auto coverage for employees. If it doesn’t, you may be able to add it as an endorsement to your personal auto policy.

In conclusion, non-owned auto insurance is an important type of insurance for business people who frequently use vehicles for work purposes. It can provide coverage for liability and physical damage, as well as medical expenses and uninsured/underinsured motorists. If you’re unsure if your business insurance policy includes non-owned auto insurance, let’s discuss it and help you get covered!

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