NonOwned Auto Liability Insurance

Non-Owned Auto Liability Insurance
By Susan Canepari

We all are quire familiar with taking an insurance policy on our own car, but does something like this exist for a rented car. Sure it does!

When you rent a car, you need to make sure you have insurance coverage to protect you against unforeseen circumstances that may occur when you are driving the car. Non-owned auto insurance policy is the kind of insurance you take for a rented car.

A non-owned auto insurance policy is an option you can take instead of buying liability coverage from the rental company when renting a car. A coverage thats about $300 would be ideal and taking it would actually help you save money as it is cheaper if you are frequently renting cars.

So what does the non-owned auto insurance policy do for you? Well, non non-owned auto insurance policy will provide coverage in the event of an accident wherein there is damage to someone else car, the car passengers or to people walking in the street who have been injured as a result of the accident.

The other benefits you get from this policy is under-insured and uninsured coverage and coverage for medical expenses occurring to you or the car passengers.

Why is it important for me to take a non-owned auto insurance policy? Lets take an example here. You may be on a business call, where you have to go and meet one of your clients. You decide to rent a car to meet the client. On the way an accident occurs and some one is injured in the accident. Non-owned auto insurance policy will pay for the damages you have caused to the injured person.

Non-owned insurance can help you in many ways. However, there is a downside to this coverage. It does not provide you collision coverage. What is collision coverage and what does it provide you?

Collision coverage is what you use to pay for damages occurring to your car in the event of an accident with another car, object or if the car rolls over in such an event. So, be sure to get this coverage by buying it from the rental company.

Another option is to check if your credit card company provides such coverage. Usually credit card companies provide for collision coverage when you pay for the rented car using their card. However, you need to look into all aspect of the terms and conditions applicable for collision coverage before fully considering this as an option for collision coverage.

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