What Does A Non-owners Insurance Policy Cover?
Nowadays, almost everything under the sun is covered by insurance. However, navigating through our daily lives without any insurance can stir the fear of the unknown, which is especially true for drivers who risk being involved in road accidents and other roadside problems. If you come out alive from a road accident or other road problems, thats good, but that doesnt end there. Piles of expenses will come rushing in before you know it. This is the main reason why insurance companies drafted and started offering non-owners insurance policies that can provide great assistance to people who are driving vehicles that they dont own. Nonowner car insurance, alternatively referred to as non-owners insurance or non-drivers insurance, protects individuals who do not own a car but occasionally drive anothers. Automobile liability insurance protects you against bodily injury and property damage caused by you in a car accident. However, it will not cover the damages to the borrowed or rented vehicle or your injuries if you caused the collision. Coverage for Uninsured Motorist  Unless you have uninsured motorist coverage, you may be liable for high medical and repair costs if the uninsured driver hits your vehicle. Uninsured motorist coverage, in conjunction with underinsured motorist coverage, protects you from having to pay for injuries or property damage caused by accidents that you did not cause. Coverage for Personal Injuries or PIP  PIP is a type of car insurance coverage that pays for medical expenses incurred due to a car accident, regardless of fault. PIP is designed to cover any injuries you sustain as a result of a car accident, regardless of who is at fault, and it also includes additional benefits such as the following:  Medical expenses  Loss of income  Necessary services that a person cant perform because of sustained injuries  Costs of the funeral if the accident leads to death  Cash benefit because of death  Non-owner car insurance is for individuals who do not own a car but may need to drive on occasion. For example, you may commute by bus or any mass transportation but occasionally rent a car or use a shared car to get to a meeting. If you frequently drive other peoples cars, nonowner insurance may be appropriate. If you frequently borrow a vehicle from a relative or another member of your household, non-owner car insurance is not the best option. Instead, you should be added to the policy of the vehicles owner. Non-owner car insurance is typically less expensive than the same level of liability coverage for your vehicle. However, if the insurer is required to file for SR-22 or FR-44, the associated costs of any policy will almost certainly be high until theres no need for it. The price is determined by factors such as your age, driving record, and frequency of driving, among others.