Key Features of Broad Form Auto Insurance:
- Named Driver Coverage: Only the individual listed on the policy is covered. If someone else drives your vehicle, they are not covered under this policy.
- Liability-Only Protection: This policy meets state minimum liability requirements, covering bodily injury and property damage to others in accidents where you’re at fault. However, it does not cover damages to your own vehicle or personal medical expenses.
- Cost-Effective: Broad form insurance is often more affordable than standard auto insurance policies, making it an attractive option for drivers seeking to reduce their insurance expenses.
| (Female, Single, 20’s, Aurora, CO) |
|---|
| Year/Make Model: No Vehicle Owned |
| Suspended License Status |
| Selected Coverages with Dairyland |
|---|
| Bodily Injury Liability: 25/50 |
| Property Damage Liability: 25K Uninsured Motorist Coverage: Rejected |
| Comprehensive and Collision: REJECTED |
| Other Rejected Coverages: RENTAL, TOWING |
What’s the difference between broad form and non owners insurance?Broadform insurance and non-owner insurance are both types of auto insurance coverage designed for people who do not own a car. Broadform insurance provides liability coverage for drivers who occasionally drive a car that they do not own, such as a rental car or a friend’s car. On the other hand, non-owner insurance is a type of coverage specifically for individuals who do not own a car but drive one regularly. Non-owner insurance provides liability coverage in the event of an accident while driving someone else’s car. Both types of coverage help protect individuals from financial responsibility for damages or injuries they may cause while driving a car they do not own. However, it’s important to note that neither broadform nor non-owner insurance covers damages to the car being driven.
Total 6 Month Premium PAY IN FULL: $1400
Monthly Installments: $230
Considerations Before Choosing Broad Form Insurance:
- Vehicle Exclusions: Certain vehicles, such as motorcycles, may not be covered under a broad form policy.
- No Coverage for Other Drivers: If someone else drives your vehicle, they are not covered under this policy.
- Limited Coverage Scope: This policy does not include comprehensive or collision coverage, meaning damages to your own vehicle from accidents, theft, or natural disasters are not covered.
Is Broad Form Insurance Right for You?
Broad form insurance may be suitable if:
- You own multiple vehicles and prefer a single policy covering your liability as a driver.
- You’re seeking a more affordable insurance option and are comfortable with the limited coverage.
- You rarely lend your vehicle to others and do not require coverage for additional drivers.
What We Do at A Plus Insurance
Homeowners, renters, and mobile home owners: make sure you have the protection you need.
