What does Non-owned Automobile Insurance mean? Read on to discover the definition & meaning of the term Non-owned Automobile Insurance - to help you better understand the language used in insurance policies.
Non-owned Automobile Insurance
Non-owned automobile insurance is automobile insurance for cars the policyholder does not actually own, hire, lease, rent, or borrow. Typically, companies that have employees who do company business with their own cars often purchase this type of policy. It protects the company from the liability of losses sustained by an employee driving a non-owned automobile on company business.
We hope the you have a better understanding of the meaning of Non-owned Automobile Insurance.