Hired and Non Owned Auto Coverage Explained

What Is Hired and Non-Owned Auto Coverage?

Hired and non-owned auto coverage is a type of insurance policy that provides coverage for a business in the event of an accident that involves a vehicle that the business does not own. This type of coverage is often purchased by businesses that do not own any vehicles or that regularly rent or lease vehicles. It is important to note that this type of coverage does not provide coverage for any of the vehicles owned by the business. Instead, it provides coverage for any vehicles that the business has hired or leased.

Hired and non-owned auto coverage provides protection for the business in the event of an accident involving a vehicle that the business does not own. This type of coverage is typically purchased by businesses that do not own any vehicles, or those that regularly rent or lease vehicles. It is important to note that this type of coverage does not provide coverage for any of the vehicles owned by the business. Instead, it provides coverage for any vehicles that the business has hired or leased.

What Does Hired and Non-Owned Auto Coverage Cover?

Hired and non-owned auto coverage provides protection for a business in the event of an accident that involves a vehicle that the business does not own. This type of coverage typically covers the costs of any property damage or bodily injury that occurs as a result of the accident. It may also provide coverage for the cost of any legal fees associated with the accident. The coverage may also provide coverage for any medical expenses that are incurred as a result of the accident.

In addition, hired and non-owned auto coverage may also provide coverage for any liabilities that arise from the accident. Liabilities may include any costs associated with repairing the damage to the vehicle, or any other costs associated with the accident. The coverage may also provide coverage for any legal fees associated with the accident. The coverage may also provide coverage for any medical expenses that are incurred as a result of the accident.

Why Do Businesses Need Hired and Non-Owned Auto Coverage?

Hired and non-owned auto coverage is important for businesses that do not own any vehicles or that regularly rent or lease vehicles. Without this type of coverage, a business could be liable for any damages or injuries that occur as a result of an accident involving a vehicle that the business does not own. This type of coverage can provide protection for a business in the event of an accident, and it can help to ensure that any costs associated with the accident are covered.

Hired and non-owned auto coverage is also important for businesses that use vehicles for business purposes. This type of coverage can provide protection for the business in the event of an accident involving a vehicle that the business does not own. This type of coverage can also provide coverage for any medical expenses that are incurred as a result of the accident, as well as any legal fees associated with the accident.

Conclusion

Hired and non-owned auto coverage is an important type of insurance policy for businesses that do not own any vehicles or that regularly rent or lease vehicles. This type of coverage can provide protection for the business in the event of an accident involving a vehicle that the business does not own. It can also provide coverage for any medical expenses, property damage, and legal fees that are associated with the accident. Without this type of coverage, a business could be liable for any costs associated with an accident involving a vehicle that the business does not own.