What Is Included In A Named Non Owner Policy

Understanding Named Non Owner Policy Insurance

Most people are familiar with the idea of owning an auto insurance policy, but not everyone is aware of the other type of insurance coverage — named non owner policy. This type of policy can provide a wide range of coverage for individuals who don’t own a car, but may need to drive one from time to time. Knowing what is included in a named non owner policy can help you decide if this type of coverage is right for you.

What is a Named Non Owner Policy?

A named non owner policy is an auto insurance policy that provides liability coverage when you don’t own a car. This type of policy is often purchased by individuals who occasionally rent a car, borrow a car, or use a car for business purposes. It can also be helpful for people who are waiting to purchase a new car or are in the process of shopping around for a better rate. It is important to remember that a named non owner policy is not a substitute for a regular auto insurance policy. It is only intended to provide the minimum required liability coverage while you are not the owner of a car.

What Does a Named Non Owner Policy Cover?

A named non owner policy typically covers the cost of bodily injury and property damage that you may cause to another driver or their vehicle in an accident. It may also cover some of your medical expenses if you are injured in an accident. However, it does not cover any damage to your own vehicle or the vehicle you were driving at the time of the accident. In addition, it does not cover any other types of damage, such as collision damage or comprehensive damage.

Who Should Consider a Named Non Owner Policy?

A named non owner policy may be a good option for individuals who don’t own a car, but may need to drive one from time to time. This could include people who are waiting to purchase a car, or who are in the process of shopping around for a better rate. It may also be helpful for individuals who occasionally borrow a car or rent a car. It is important to remember that a named non owner policy will not provide the same level of coverage as a regular auto insurance policy, and it should not be used as a substitute for a regular policy.

How Much Does a Named Non Owner Policy Cost?

The cost of a named non owner policy will depend on a variety of factors, including the amount of coverage you need, your driving record, and the type of vehicle you are driving. Generally, a named non owner policy is more affordable than a regular auto insurance policy because it covers a much smaller range of risks. However, it is important to compare rates from multiple insurance companies before making a decision.

How Can I Get a Named Non Owner Policy?

If you think a named non owner policy is right for you, the first step is to contact an independent insurance agent who can help you compare rates and coverage options from multiple insurance companies. An independent agent can also answer any questions you may have about the policy and help you choose the right coverage for your needs. With the right policy in place, you can be sure that you are adequately covered when you don’t own a car.