Non-Owner’s Insurance Coverage

By insurance in Auto Insurance

Jul 26

Most people are aware that it is their legal responsibility to maintain financial responsibility for automobiles that they own. It is essential to maintain adequate coverage for all automobiles that you own to protect yourself and others on the road. What many people do not know is that some insurance companies offer insurance for drivers who do not drive regularly, known as non-owner’s insurance.

Non-owners insurance often applies to drivers who do not own a vehicle but may occasionally use or borrow another person’s car, truck, or motorcycle for transportation. Although non-owners insurance may not provide as thorough or extensive coverage as regular automotive insurance does, it is a good way to protect against injury claims and other issues that may arise from a collision.

If you choose to operate another person’s vehicle without insurance of your own, you may be held liable for your actions behind the wheel. You may discover that the vehicle’s owner does not have insurance coverage for drivers other than himself or herself, leaving you stuck with the liability for any damage and injuries caused while you were behind the wheel.

Non-owner’s insurance can help provide the coverage you need when operating someone else’s vehicle. Policies often include:

Medical coverage
Liability
Protection against uninsured/under-insured motorists
Personal injury protection

By establishing non-owners’ coverage, you can help protect yourself from serious financial debts following an auto accident. Since you are typically covering yourself in the infrequent event of operating another person’s automobile, the rates for such policies are often very low. Some non-owners’ insurance policies may cost only a few hundred dollars a year, a number that is far less than some liability claims may be.

When considering an insurance policy, it is important to analyze your driving habits and the frequency of driving on a daily, weekly, monthly, and yearly basis. If you frequently borrow someone else’s car, it is a good idea to set up adequate coverage to protect yourself in the event of a collision. If you very rarely find yourself behind the wheel of an automobile, you may not need as much protection. In the end, it is a numbers-game, and only you can determine how much coverage you may need in the event of an accident.

For more information regarding auto insurance and non-owner’s insurance coverage, visit the website of the Chicago insurance professionals of Insure on the Spot.

Joseph Devine

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