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- Who Needs Broad Form and Non Owners Insurance?
- What is Broad Form Insurance?
- More on Broad Form Insurance
- What Vehicles Can You Drive with a Non-Owners Policy?
- Companies That Offer Broad Form Insurance
- States Where We Offer Non-Owners Insurance
- Companies That Offer Non-Owners Insurance
- Frequently Asked Questions about Broad Form and Non Owners Insurance
- What is the meaning of broad form?
- What does broad form insurance cover?
- How does broadform insurance work?
- What is non-owners insurance?
- How is non-owners insurance different from broad form insurance?
- Who should consider non-owners insurance?
- Best Home and Auto Insurance Policies for New Homeowners
- Additional Helpful Links
- Broad Form & Non-Owners Coverages Explained: Article Information
- What We Do at A Plus Insurance
Who Needs Broad Form and Non Owners Insurance?
This page is going to cover two specific types of liability auto policies: Broad Form and Non-Owners.
These are not typical policy types people have but may be a great fit for some people depending on their individual circumstances, risk, premium cost, and requirements for auto insurance.
Both broad form and non-owners are types of liability coverages, but it’s important to be aware of any excluded perils, policy exclusions, and coverage limits that may not be covered by these policies. Liability is coverage that protects you from being held financially responsible for the cost of damage to someone else’s property or if they are injured, due to an accident that was your fault.
What is Broad Form Insurance?
Broad form insurance is a type of liability coverage that meets the state’s minimum liability requirements for a single driver (named insured) while they are driving a vehicle they own or have permission to use. It does not cover a vehicle they are driving for business or commercial use.
Unlike typical liability insurance policies, broad form only covers one person and does not allow for additional drivers to be added. It is also worth mentioning if the insured is driving a vehicle that has coverage, the broad form policy will become secondary insurance if they are in an accident, potentially reducing their financial risk.
Broad form insurance is not available in all states. There are only 11 states where this is an option for coverage.
More on Broad Form Insurance
Broad form insurance is a good option for those who don’t drive very often, don’t have passengers typically, own multiple vehicles, or own a low value vehicle, as it often results in lower premiums and a reduced premium cost.
Broad form insurance does not allow for additional liability coverage limits to be added. You can also not add comprehensive, collision, rental, policy exclusions, or roadside endorsement to the policy.
The only 2 additional things you may add to a broad form policy are personal injury protection and uninsured motorist coverage.
Personal injury protection would help cover the cost of medical expenses for you or your passengers in case of an accident.
While uninsured coverage would help cover the cost of damage to your vehicle and medical expenses if you were hit by an uninsured vehicle and were not at fault.
What Vehicles Can You Drive with a Non-Owners Policy?
Non-owners insurance policies allow you to drive any vehicle that is not owned by you.
However it is important to note that with a non-owners policy any vehicle that is owned by another household member is excluded by this type of policy, which increases your risk if you frequently drive another household member’s car.
That means any vehicle that a roommate or relative owns is not covered by this type of policy, possibly due to coverage limits.
Companies That Offer Broad Form Insurance
Below are the companies that A Plus Insurance offers broad form insurance through. The only carrier that allows us to list a specific vehicle on a broad form insurance policy is Dairyland.
- Dairyland – Dairyland Insurance is known for providing competitive rates for auto and motorcycle insurance. They offer broad form insurance policies which typically cover any car the insured drives, often at competitive premiums, helping to manage the premium cost, and may also include certain endorsements that provide additional coverage options.
- Bristol West – A part of the Farmers Insurance Group, Bristol West is recognized for offering a variety of auto insurance coverages, including liability, collision, and comprehensive coverage, often catering to drivers who require a non-standard auto insurance policy, which can include broad form insurance.
- National General – National General, an Allstate Company, has a wide array of insurance products. Known for their auto insurance, they provide standard and non-standard policies that may include broad form coverage. They are also noted for offering insurance for RVs and other specialty vehicles.
- The General – The General is a company that specializes in auto insurance policies for drivers who may have a history of accidents or driving violations, less-than-perfect credit, or an SR-22 insurance requirement. Their broad form insurance policies are designed to offer flexible coverage options.
States Where We Offer Non-Owners Insurance
Companies That Offer Non-Owners Insurance
Below are the insurance carriers that A Plus Insurance offers Non Owners Insurance policies.
Frequently Asked Questions about Broad Form and Non Owners Insurance
What is the meaning of broad form?
Broad form insurance refers to a type of auto insurance coverage that provides liability coverage for the named insured only. This means it covers the policyholder’s liability for damages caused to others while the policyholder is operating a vehicle, regardless of whether they own the vehicle. However, it does not cover other drivers using the same vehicle.
What does broad form insurance cover?
Broad form insurance typically covers bodily injury and property damage liability. It provides protection if the insured is held legally responsible for an accident causing injury or damage to another person or their property. It’s important to note that this form of insurance usually does not cover the vehicle of the insured for damages or theft.
How does broadform insurance work?
Broadform insurance works by covering the policyholder for liability when they are driving a car, regardless of whether they own it. This type of insurance is unique because it is tied to the driver, not the vehicle. It’s particularly useful for drivers who frequently borrow or rent cars, as it ensures they are covered in case of an accident where they are at fault.
What is non-owners insurance?
Non-owners insurance is a type of auto insurance coverage for drivers who do not own a vehicle but still require insurance coverage. It primarily provides liability coverage for bodily injury and property damage caused by the insured while driving a vehicle they do not own. It’s ideal for those who rent cars frequently or use car-sharing services.
How is non-owners insurance different from broad form insurance?
The primary difference between non-owners and broad form insurance lies in the coverage scope. Non-owners insurance covers the individual when driving borrowed or rented vehicles, providing liability coverage only. Broad form insurance, on the other hand, covers only the named insured for liability regardless of the vehicle they are driving, but it does not extend coverage to other drivers of the vehicle.
Who should consider non-owners insurance?
Non-owners insurance is a suitable option for individuals who do not own a car but still drive occasionally, such as renting a car or driving a vehicle owned by someone else in their household. It’s also a good choice for those looking to maintain continuous coverage to avoid gaps in their insurance history, which can be beneficial for future insurance premiums.
Best Home and Auto Insurance Policies for New Homeowners
- Progressive Home & Auto Bundle: Offering a multi-policy discount for combining both homeowners insurance and auto insurance, Progressive provides robust coverage for new homeowners. Enjoy savings on your premiums and comprehensive coverage for your home and vehicle. Call us now to learn more.
- Dairyland Full Coverage Auto with Home Protection: Dairyland offers new homeowners affordable auto insurance with the option to add affordable home insurance. Get peace of mind with customizable coverage and reliable protection for both your vehicle and property. Text Us for policy details.
- National General Homeowners and Auto Insurance: With tailored coverage for new homeowners, National General provides generous discounts when bundling home and auto insurance. This policy includes protection against property damage, liability coverage, and comprehensive vehicle protection. Call today for a personalized quote.
- The General Home & Auto Insurance for First-Time Buyers: Ideal for first-time homeowners, The General offers affordable policies with flexible payment options. Their bundle offers comprehensive homeowners insurance and full coverage auto insurance at competitive rates. Text Us to check eligibility.
- AssuranceAmerica Home & Vehicle Protection: AssuranceAmerica offers competitive pricing and personalized options for new homeowners. Benefit from full protection on both your home and vehicle with discounts available for combining policies. Call us now for a free quote.
- Bristol West Auto Insurance with Home Coverage Options: Bristol West offers comprehensive auto insurance plans tailored for new homeowners, with the option to include homeowners insurance at discounted rates. Protect your new investment and enjoy additional savings by bundling. Text Us to explore your options.
- Suncoast Homeowners and Auto Insurance Bundle: Suncoast provides coverage specifically designed for new homeowners. Save with a bundle that includes auto insurance and home coverage, ensuring protection for both your property and vehicles. Call today for more information.
Additional Helpful Links
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Last Updated on by Amanda Moss
