Reader’s Question:
I own a business here in North Carolina. I don’t drive my own car, I rent. Am I required to get my own auto insurance policy?
Gerry
Charlotte, NC
It’s true that more and more people are starting to use public transportation. However, even though you don’t have your own car, you still run the risk of getting into a road accident. You still have to be responsible for any damage you might cause another vehicle. Not only that, you have to, of course, protect yourself from any injury you might suffer because of a vehicular accident. For these reasons, it is still advisable for you to get an auto insurance policy. There are a lot of auto insurance policies out there. I’m pretty certain you can find one that fits your specific needs.
A non-owners’ policy would probably include liability coverage, which takes care of the damage you have caused another vehicle. It will also cover medical payments and have uninsured/underinsured motorist coverages (UM coverage). UM coverage pays for the damage to your vehicle and the medical expenses you may have incurred in the event that the other driver’s insurer cannot do so. Your one other option is to buy auto insurance policies offered by car rental companies but if you rent a car a lot, getting your own non-owner’s auto insurance policy will end up being cheaper.
Tags: auto insurance policy, cheap auto insurance, non owners insurance, rental car insurance