Why You Should Have Insurance Even When You Don't Own A Car
When you own a car, you should always purchase car insurance if you plan on driving. However, if you do not own a car, you should still consider owning car insurance if you intend to drive at all. Non-owner car insurance will cover you when you drive another person's car.
Accidents When Driving a Non-Owned Car
If you have an accident while driving someone else's car, his or her liability insurance will cover the damages caused by the accident. However, if the owner's liability coverage exceeds the amount of damage caused, you would be considered responsible for the remainder of the damage. If you are carrying non-owner's car insurance, the policy would cover damages.
Obtaining an SR-22
When you have a DUI in North Carolina, you will need to file an SR-22 form to have your driver's license reinstated. This form requires that you provide proof that you have car insurance. If you do not own a car, you will need non-owner's insurance to have a license.
Depending on your lifestyle, you might find it more convenient to rent cars. For instance, you may fly a lot to go on business trips. Owning non-owner's car insurance will save you money over insurance that is provided by a car rental company. You may also be required to carry insurance by the company that rents your car to you.
Covering Personal Employee Vehicles
If you own a business and you require your drivers to use their own personal vehicles to perform tasks, their personal car insurance may not apply because the accident occurred while the car was being used for work-related purposes. With non-owner's insurance, your provider will pay for damages and medical bills that result from the accident.
One example would be if you own a pizzeria and ask pizza delivery drivers to use their own cars to deliver pizzas. Another example would be if you own a cafe that runs out of supplies and need an employee to purchase new supplies. In either case, non-owners car insurance will allow you to avoid having to pay your employee's car and medical bills.
Having Coverage for Every Type of Situation
When you need coverage for a broad range of vehicles, including those that you own, non-owned vehicles and hired vehicles, consider purchasing the Any auto coverage option. Then, you won't have to worry about whether you are covered under a broad range of situations.
Contact an agency, like Farm Bureau Insurance, for more help.