What is Non-owned/Hired Auto Liability coverage?
If your employees or volunteers use their own vehicles on company business, this coverage is very important. The purpose of this policy is to provide coverage excess of an employee’s or volunteer’s personal auto insurance. If an employee or volunteer is involved in a collision while acting on behalf of your organization and the limits of his or her insurance policy are exhausted, this coverage protects the organization. Q: What is Property coverage? A: Property coverage is purchased to protect the physical assets you own or lease such as buildings, office equipment, furniture, fixtures, etc. There may be special types of coverage which need to be purchased for property in transit, mobile equipment, fine arts, etc. When considering this coverage, it is important to have a thorough inventory of all physical assets, then make sure that the property is accurately valued and that adequate coverage limits are purchased.
Related Questions
- The Dixie Softball policy has a $1,000,000 limit for Non-Owned/Hired Auto Liability. What is this coverage and why is it important?
- The Dixie Youth policy has a $1,000,000 limit for Non-Owned/Hired Auto Liability. What is this coverage and why is it important?
- What is Non-owned/Hired Auto Liability coverage?
