What is a named non owner policy?

non owner

A named non-owner policy is a type of insurance policy that provides liability coverage for a specific individual who does not own a vehicle. This type of policy is designed for individuals who frequently drive but do not have regular access to a car, such as those who rely on renting or borrowing vehicles.

In a named non-owner policy:

  1. Named Insured: The individual purchasing the policy is the named insured. They are the primary policyholder and are covered by the insurance when driving vehicles they do not own.
  2. Liability Coverage: The policy typically provides liability coverage, which pays for bodily injury and property damage that the named insured is legally responsible for in the event of an accident while driving a vehicle they do not own.
  3. Non-Ownership: The policyholder does not own a vehicle covered by the policy. This means the policy does not provide coverage for vehicles owned or regularly used by the insured.
  4. Named Drivers: The policy may allow for named drivers to be added, providing coverage when they drive vehicles the policyholder does not own. However, coverage for named drivers may vary depending on the insurance company and policy terms.
  5. SR-22 Filing: If required by the state due to a license suspension or other violation, the named non-owner policy can include an SR-22 filing, which certifies that the policyholder has the required minimum insurance coverage.

Named non-owner policies are particularly useful for individuals who need insurance coverage but do not have regular access to a car. They ensure compliance with state insurance requirements while providing liability coverage for driving vehicles they do not own. It's important for individuals considering a named non-owner policy to review the terms and conditions carefully and consult with an FR44 & SR22 Experts to ensure the policy meets their needs and provides adequate coverage.