People buy insurance to satisfy specific economic, social or legal requirements. Due to the fact that people?s needs are different then it can follow that whatever is appropriate for someone may not be appropriate for another consumer. Non owner auto insurance is one of the most misunderstood? coverage in the insurance industry.
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Individuals get insurance to fulfill specific financial, social or legal requirements. Because of the fact that people?s needs are different then it can follow that whatever is suitable for someone may not be appropriate for another individual. Non owner auto insurance is one of the most misinterpreted? coverage in the insurance industry.
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Non owner auto insurance presents bodily injury and property damage protection for car accidents that caused by the negligent behaviors of the insured customer while the he/ she is operating an auto that is not owned by that insured person. The coverage obtained is subject to the same State laws that deal with the car insurance sector.
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There are? few wrong beliefs connected with non owner auto insurance coverages:? The following is a list of key issues related to non owner coverage:
- - Non owner auto insurance: provides extra coverage, not primary coverage, on the auto that you drive but you do not have ownership to. In other words, the car that you drive must be insured with a primary policy, as well.? State guidelines mandate motorized vehicles, not humans, to be insured for liability. Therefore the non owner insurance certificate will insufficient as an evidence of liability insurance for a non insured car that you drive.
- - Non owner does not provide any coverage if the driver is driving a commercial car, or a personal car? that is used for business uses, such as transporting merchandise for a fee.
- - Non owner auto insurance offers liability coverage only and, certainly, no physical damage (comp & collision.) This can be problematic when an insured with non owner policy (a 16 year old operator, for example) is driving his/her parent?s brand new luxury car where the young driver is not shown on the parent?s policy. If the young operator is involved in an auto crash while driving that auto, the parent?s policy may refuse all coverage, and the youthful driver?s non owner policy will only assume the liability part of coverage, producing a situation where there may be no physical damage coverage to take care of the parent?s luxury car.
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Non owner car insurance is not built to be an alternative for regular auto insurance. If an individual is supposed to be listed on a specific policy covering a particular vehicle (a resident of the same household, or one who is supplied that auto for regular use) then there could be an issue related to the validity of certain coverage in the scenario of an auto accident while using that vehicle. To overcome potential problems you need to schedule all the operators in the household and all the drivers that use the insured vehicle(s) on regular basis.
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So what are the uses of the non owner insurance? Non owner auto insurance is used for certain reasons including:
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a. Complying with legal conditions. Sometimes the state may require from a licensed driver to have car insurance coverage to observe certain financial responsibility laws related to keeping driving privileges. If the individual does not have a regular auto insurance policy to file with the state then she or he will have to meet that requirement by purchasing a non owner policy. Satisfying? state financial responsibility requirement through non owner policy is called ?non owner sr22 insurance filing.?
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b. Extra Insurance. When an individual has doubts about the sufficiency or validity of insurance that already exists on cars that the person may be driving then a non owner policy will come to help. Non owner insurance will pay above and beyond what the primary insurance on a particular auto pays.
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Non owner coverage in business situations
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As shown earlier personal non owner provides auto insurance coverage similar to the coverages that the Personal Auto Policy offers. Non owner is useless in circumstances where the auto used is a business vehicle or if the accident occurs during using any auto for commercial use (using your friend?s auto to deliver pizza for a restaurant.)
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A similar concept in business insurance exists. The concept is called ?hired and non owned auto? which may be procured as part? of the business owner policy or a commercial auto policy. Hired auto will pay for damages that you, the business owner, may create while operating a rented car or ?non-owned? vehicle for business uses. Non owned auto refers to paying for damages that you or any of your employees cause while driving any vehicle that your business does not own for business purposes (ie you send your employee to make a deposit or to purchase office supply using their own car.) Every business needs to pay attention to these coverages if they are needed, because they are elective and additional price must be paid to get them.
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Insurance Navy is a Chicago leader of non owner insurance and business insurance. You can get information about quick insurance quote or information about? Cicero international auto insurance by visiting company?s website.
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