Not owning a car does not imply that a person is not in the business
of driving. In fact the automobile industry has come up with non owners car insurance policy that
is designed only for such customers. These policies are mostly used by
drivers who can be called high risk who have to buy a liability policy
to make sure that they are able to keep a driver’s license. These
insurance plans can also be used by people who do not own a car as such
but keep hiring one at regular intervals. The same plan can also be
used by a driver who is trying to continue the coverage on his or her
car.
The non owner policy car insurance is much less expensive than policies that are issued for owners. In fact people can save as much as between 200 and 300 dollars per year. These consumers are regarded as less risky because with them the risk levels are lower than with people who have cars and are driving on a regular basis. The premium of these policies is dependent on several important factors like the place where the applicant lives and the driving record he or she has. In certain cases the payment could go up, especially if the applicants are regarded as risky propositions by the insurers.
There are several documents that are regarded important in order for the non owner car insurance policy to be provided. First is a proper driver’s license of the applicant. The applicant should also not own a car. There are several insurers who want to make sure that no one in the family of the applicant has a car as such and also that they do not have consistent access to any car. For car renters these policies act as liability coverage plans at the primary level.
However, people who are availing these programs will be required to purchase collision damage waiver plans as well. These can be used in order to make payment for the repairs to a hired vehicle in case the credit card company in question does not do it on an automatic basis. For more information on the same please look up LoansStore.Com.
The non owner policy car insurance is much less expensive than policies that are issued for owners. In fact people can save as much as between 200 and 300 dollars per year. These consumers are regarded as less risky because with them the risk levels are lower than with people who have cars and are driving on a regular basis. The premium of these policies is dependent on several important factors like the place where the applicant lives and the driving record he or she has. In certain cases the payment could go up, especially if the applicants are regarded as risky propositions by the insurers.
There are several documents that are regarded important in order for the non owner car insurance policy to be provided. First is a proper driver’s license of the applicant. The applicant should also not own a car. There are several insurers who want to make sure that no one in the family of the applicant has a car as such and also that they do not have consistent access to any car. For car renters these policies act as liability coverage plans at the primary level.
However, people who are availing these programs will be required to purchase collision damage waiver plans as well. These can be used in order to make payment for the repairs to a hired vehicle in case the credit card company in question does not do it on an automatic basis. For more information on the same please look up LoansStore.Com.
The thing about non-owners coverage is that you most likely do not even need it. If you are driving your friend's car, you are most likely insured under their insurance policy. If you are driving a zipcar or a rental car, it will most likely be covered by that company's own individual policy. Otherwise, your credit card might actually cover it. Non-owners coverage is actually becoming obsolete.
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