Hired And Non Owned Auto Additional Insured

What is Hired And Non Owned Auto Additional Insured?

Hired and Non Owned Auto Additional Insured is an insurance coverage that provides coverage for the damage to a vehicle or any other injury or property damage caused by the use of a rental car or a non-owned car. It is a type of insurance that is usually included in a business’s general liability policy and provides coverage for any liability claims that may arise from the use of a company’s vehicles. This type of coverage is also referred to as Liability for Hired Auto coverage.

Why Do Businesses Need Hired And Non Owned Auto Additional Insured?

Hired and Non Owned Auto Additional Insured is an important type of coverage for businesses that use rental or non-owned vehicles. Businesses need this type of coverage because they may be held liable for any injury or property damage caused by the use of their rental or non-owned vehicles. If a business does not have this type of coverage, they may be held liable for any damage or injury that may occur as a result of their use of the vehicle. This type of coverage can also provide coverage for any legal costs associated with a claim.

What Does Hired And Non Owned Auto Additional Insured Cover?

Hired and Non Owned Auto Additional Insured typically provides coverage for any liability claims that may arise from the use of a rental or non-owned vehicle. This type of coverage may also provide coverage for physical damage to the vehicle, as well as any medical costs associated with a claim. The coverage may also provide coverage for any legal costs associated with defending a claim.

How Much Does Hired And Non Owned Auto Additional Insured Cost?

The cost of Hired and Non Owned Auto Additional Insured will vary depending on the type of coverage purchased and the state in which the business is located. Generally, the cost of this type of coverage can range from a few hundred dollars to a few thousand dollars annually. It is important for businesses to compare quotes from different insurance companies to find the best coverage for the lowest cost.

Who Can Benefit from Hired And Non Owned Auto Additional Insured?

Hired and Non Owned Auto Additional Insured can benefit businesses of all sizes. Whether a business owns a fleet of vehicles or just one, this type of coverage can provide protection for any liability claims that may arise from the use of their vehicles. This type of coverage is also beneficial for businesses that use rental or non-owned vehicles, as it can provide protection in case of an accident or other incident.

Conclusion

Hired and Non Owned Auto Additional Insured is an important type of coverage for businesses that use rental or non-owned vehicles. This type of coverage can provide protection for any liability claims that may arise from the use of their vehicles, as well as physical damage to the vehicle, medical costs associated with a claim, and legal costs associated with defending a claim. The cost of this type of coverage can vary, but businesses should compare quotes from different insurance companies to find the best coverage for the lowest cost. This type of coverage can benefit businesses of all sizes and is an important part of any business’s risk management plan.