Monday, May 5, 2008

Non-Owned Auto Insurance


Last month when we wrote about non-owned car insurance, there are some points that yet to be not fully explained. So, in this post we are going to explain more about what is non-owned auto liability insurance policy.



What is Non-Owned Auto Liability Insurance Policy?

Non-Owned Auto Liability Insurance policy refers to the car insurance coverage where it helps to cover liability for accidents caused by driver. Take note that the non owned auto liability insurance is designed to protect only the non-profit organization, not the driver. The non owned auto insurance also applies only above the liability limit of the driver's personal auto insurance policy.

Non-Owned Auto Liability is essentially an excess coverage, covering only when the damages are higher than the driver own auto insurance policy limits, or when the driver has no personal auto liability insurance in force.


So, it is good to buy non-owned auto insurance when you are renting a car. The advantage, as outline in my previous post, is that you no longer need to buy rental car insurance every times you decided to rent a car. In calculating the cost of the auto insurance, the premium that you pay for your non-owned car insurance policy will be cheaper comparing to the rental car insurance.


In buying non-owned auto insurance, we also like to stress and highlight the point that it does not covers collision coverage. So, it is important for you to find out the risks you are being exposed to, which already outline in your non-owned car insurance post.

To minimize the risk factor arise from the collision coverage, we also include the advice on how to obtain that coverage in place. So, please check out our non-owned car insurance post.

Finally, before you proceed to buy the non-owned auto insurance or rent car, check out our article on the car rental requirement that need to be fulfill. The first and most important requirement is you must have a valid driving license before you can rent a car.

For more assistance on car insurance matters, please check out all our archives.