There are no cars you might need car insurance non-terrestrial
Car ownership is declining, especially among young people in the United State. A lot of people especially in urban areas, now prefer to use a car sharing service or occasionally borrow or rent a car if they need to drive to go somewhere.
The challenge is that the driver must always have a car insurance coverage when they are behind the wheel. For some drivers, the policy of "non-terrestrial car insurance" may be the most economical way to protect themselves and their assets in the event of an accident.
These policies usually offer only coverage responsibility, said Dan Ramsey, an independent insurance agent along with Brandt, Ramsey and Associates in Alexandria, VA.
"The non-ground car insurance provides protection to crash while you are guilty, so the other driver's car covers, but does not belong to you, and the other driver injured, but does not belong to you," he said.
The policy generally does not include comprehensive coverage or collision damage on cars because you don't have a vehicle. Ramsey said insurance will cover You in the car you drive during the period of the policy.
Who needs nonowner auto insurance?
People buy car insurance non-home to make sure they are insulated from the financial incidence of potentially high due to accidents due to misconduct, said Steven Visco, President of the C.H. Edwards Inc., an insurance agent in Farmingdale, N.Y., "for example, one client was a wealthy lawyer who lives in Manhattan and did not have a car, but he has the assets to be protected, "said Visco. "She was renting a place in the Hamptons this summer and regularly will be renting a car."
"This policy offers extra protection and it's cheaper than buying a policy of accountability from the rental car company," he added. And don't expect to rely on your credit card because the coverage responsibilities are not included in the rental car insurance card provided.
You may want to consider a non-ground car insurance if you don't have your own car and:
You often rent a car. "If you pay $10 per day for the coverage of the liability of rental company and rent a car for 50 or 60 days or more each year, a non-owners insurance policy could be less expensive," said Visco. But you still need to buy another cover for sale at the counter.
You belong in the car division of the service, such as Zipcar. This service will provide some insurance coverage, however, "If you hurt someone in a car accident, the lawsuit was likely to be at odds with you and the company who did the car sharing," said Visco. "You might want to have a look at your assets from lawsuits with coverage of your own responsibility."
You often borrow someone else's car. When you borrow a car from a friend or relative, the car owner's insurance covers You, said Ron Moore, a senior product manager for MetLife Auto & Home in Minneapolis. However, if you borrowed a car from someone you don't know well, you may not know whether the scope of their responsibility adequately to protect you.
"If you're wrong and injury to other motorists exceeding the responsibility of car owners, you may be stuck paying the Bills," said Moore. That's where the non-owner policy will help.
The cost of a regular car insurance nonowner
Car insurance non-ground usually does not carry a deductible, said Moore. Premiums can be very low, based on your driving record and the amount of driving you do, he said.
"Usually the minimum premium of about $250 for six months or even a year," said Visco. "Higher Premiums for drivers with bad driving records, and likely not qualified at all."
Moore said premiums for car insurance non-ground is usually around 50 percent of car insurance premiums, but vary from company to company and the State.
If you do not have a car but still drive on a regular basis, you may want to get a car insurance quote non-land to find out whether this coverage is appropriate and affordable for you.
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