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What is a Named Operator (aka non-owner) Auto Insurance Policy?

6/23/2018

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​A named operator policy is a special type of auto insurance policy for people who need to have auto insurance liability coverage but don’t have a vehicle to insure. A named operator policy offers liability coverage, medical payments coverage, and uninsured motorist bodily injury coverage just like a regular auto insurance policy does. However, it does not offer comprehensive or collision coverage, since there is no vehicle to insure.
 
 
     You may be wondering why someone without a vehicle would need auto insurance… You would be surprised.
 
Reasons someone would need a named operator insurance policy:

  • Drivers with a suspended license may need to buy auto insurance with an SR22 filing to get their license reinstated.
 
  • Many employers require their employees to carry a personal auto insurance policy of some type (even though a personal auto insurance policy won’t cover them while working, commercial auto policies give discounts for individual employees having it, which is why a boss may require it).
 
  • Some drivers just want to use it to protect them self from driving without liability insurance in case the owner of the vehicle they're borrowing isn’t carrying auto insurance like they’re supposed to be.
 
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Other things to keep in mind about a named operator policy:

  • A Named Operator policy offers no coverage on vehicles that you or anyone else in your household owns. If you own a vehicle or drive a household member’s vehicle, this policy won’t work for you!
 
  • A Named Operator policy is secondary coverage. The friend or neighbor that you borrowed the vehicle from is responsible for having regular auto insurance, and that is the primary insurance if you borrow their vehicle. Coverage on a Named Operator policy only kicks in if the owner wasn’t carrying liability coverage like they’re supposed to be, or if their policy paid out their maximum limits and it wasn’t enough to cover all the damages you caused. This is why a named operator policy costs so much less than regular auto insurance.
 
 
What happens if I buy a Named Operator policy and then buy a vehicle shortly afterwards?
 
 
No problem! If you buy a vehicle while having a Named Operator policy, all it takes is a 5 minute phone call to your agent. A Named Operator policy will automatically convert to a regular auto insurance policy once you call your agent and add your vehicle to the policy. Just be sure to make that change before you drive your new vehicle.
 
 
 
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Related Blog Articles:

​Video: Virginia FR44 Named Operator Auto Insurance 

​Video: Named Operator Auto Insurance with an SR22 Filing

Video: Auto Insurance for Drivers Who Don't Own a Vehicle

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Why buying standalone Golf Cart Insurance online beats attaching it to a homeowners policy

6/16/2018

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   There are two types of golf cart insurance policies: an exclusive stand-alone policy or golf cart insurance that you attach as an add-on to your homeowners policy.

    Both types of policies are fairly inexpensive and are usually about the same price. But as you will learn in this article, there sometimes can be major differences with coverage between the two....

    An exclusive standalone golf cart insurance policy not only offers more types of coverage, but it also usually offers higher levels of coverage for about the same price.

   That is not to say that all golf cart insurance policies attached to a homeowners policy are lousy. There are some homeowners insurance companies who do provide good coverage for golf carts attached to it, but not many!

    You have look closely at the coverage and the levels offered. Because some attached homeowners policies offer very lousy coverage when it comes to insuring golf carts.

   For instance, many attached golf cart policies have unwritten unreasonable boundary restrictions. Some of these restrictions can be flat-out silly!

    For example, there are some attached policies that won't even cover you when your golf cart is off of your property. You must look closely to find out where exactly (and more importantly) where not exactly that your golf cart is covered. Furthermore, there are not as many coverages are offered on most policies attached to a homeowners insurance policy as what’s offered on a standalone golf cart insurance policy.
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    With an exclusive golf cart policy, many coverages are offered that you would be familiar with from a regular auto insurance policy. These coverages include:
  • Medical payments - It's rare, but injuries happen while riding in golf carts too.
  • Uninsured motorist - Good to have because many others don't carry golf cart insurance.
  • Gap/or total loss coverage - Very important to have if you own a new (or almost new) cart.
  • Trailer coverage - Good to have if you transport your golf cart.



  Qualifications.

    There's not many qualifications on a golf cart insurance policy, only three:
  • They can't go above 20 MPH (some companies will allow you to go up to 25 but not many).
  • A golf cart can't be modified for extra speed.
  • A golf cart cannot be used for commercial use, which includes renting or leasing it to others. You would need a commercial policy for that. 

   

  Golf Carts and Occasional Road Use

    This is where you need to be careful about what coverage you have if you occasionally ride your golf cart in places where you need to cross, or travel on public streets. This includes leisure rides on slow neighborhood streets.... 

   Most standalone golf cart insurance companies will insure you for that (I can't say that all companies are ok with that, I only know that all the golf cart insurance companies that I carry are fine with it).... But if you have at attached golf cart policy, you need to check on that!



 Golf Carts that are Licensed for Road Use.

    Many small towns are passing ordinances making it legal for golf carts to be licensed for road use. If you decide to register your golf cart as being street legal, be advised that your choices of golf cart insurance companies become limited, even with standalone policies.

    For example, of the standalone golf cart insurance companies that I sell, only about half of them will insure a golf cart licensed for road use.

    It's still doable, but may take a little extra shopping around for the right coverage and price. 



  Need Help finding the right Golf Cart Insurance policy for you?

     If you live in Ohio, Indiana, Michigan, Pennsylvania, Virginia or West Virginia, I will be happy to help you. Click the link below and I will find you the right policy for the right price.


  Get a Golf Cart Insurance Quote with Lyles Insurance



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Related Blog Articles:

Video: Tips for buying Golf Cart Insurance

Video: Progressive Golf Cart Insurance

Video: Basics of a Golf Cart Insurance Policy    

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Golf cart insurance: 6 Key things you need to know before buying
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Can I buy Auto Insurance with a suspended license?

6/11/2018

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Short answer: Yes, you can! But conditions apply…. Here’s the deal …..
 
There are many auto insurance companies that will not start an auto insurance policy with any rated driver having a suspended license. But the good news: there are many auto insurance companies that will allow a suspended driver to start a policy. However, the policy is issued on a conditional basis…..
 
For many drivers who are on the verge of having their license reinstated, obtaining auto insurance (and in many cases have a state filing attached to it) is usually the last step needed before their license becomes valid again. Many auto insurance companies understand that there is a catch 22 involved: You can’t get a license reinstated without auto insurance and you can’t get auto insurance without a valid license.  To solve this problem, some companies will allow you to start a policy before your license is reinstated.
 
But make no mistake, the policy is issued with the understanding that you will have a valid license very soon! Generally, you’re only given a few days to get your license situation straightened out (some companies may only give you a couple days). It won’t be long before they re-check your license status. If you don’t have a valid license by time they re-check, you will most likely be sent a cancellation notice.
So make sure you are ready to move quickly. Don’t buy your auto insurance policy until you’re set to get your license activated, and be ready to move quickly!
 
 
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​
Related Blog Articles:

Video: How Your Driving Record Affects Auto Insurance Rates

Video: Indiana SR22 Insurance

​Video: How SR22 State Filings work with Auto Insurance

​


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I don't understand liability auto insurance. What do the numbers mean?

6/3/2018

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     I am amazed at how many people select their level of liability auto insurance coverage without even knowing what coverage they're buying. It only takes a few minutes to understand how liability coverage works, and it is very important coverage to have. You need to understand liability coverage in order to be able to get your coverage at the level you need it to be.

There are two ways for auto insurance companies based their liability coverage on: split limits and combined single limits. The vast majority of you have your liability coverage based on split limits, so we'll start with that.

Split limits are usually represented in the following way:
 

A/B/C       
 
These three components tell you how much your policy will pay out if you are at fault and cause an accident. They're usually represented in terms of thousand of dollars (E.G. 100 = $100,000).

Part A: Represents how much your auto insurance company will pay for injuries you caused to a single person. So for example, if you have 100/300/100 coverage, and you caused a serious accident, it will pay the other driver or one of its passengers up to $100,000 per person.

Part B: Represents the same thing as far as covering you if you cause bodily injury to another driver or passenger. The difference is that part B is the total it will pay for all of the injuries you caused in one accident.

Part C:  Is what your auto insurance policy will pay out for any property damage that you caused.

It's as simple as that! That's how split limits work on the liability part of auto insurance.


 Example: 100/300/50 ....

 100 is part A, 300 is part B, 50 is part C

    
So for any policy that has 100/300/50 in liability coverage, $100,000 is the most that any one person can receive for medical injuries you caused. $300,000 is the most in total it will pay for injuries to multiple people. And $50,000 is the most the policy will pay for property damage you caused.


 Combined Single Limits


A small percentage of you may have combined single limits instead of seeing three different numbers. This represents the total amount your policy will pay out for liability injuries and property damage. There's no limit to how much it would pay anyone person for injuries, there is no limit on how much it will pay out for property damage either. The only limit is how much your combined single limit will pay in total for one accident.
 
 
So for example if you have a policy with combined single limit of 500,000, that's the most your policy will pay out for injuries that you caused plus property damage your caused. It doesn't matter whether the damages are from bodily injury or property damage. Once the totals approach that number, that's the most your policy will pay out.


Quick word on state minimum liability auto insurance coverage

   
Every state assigns a minimum level of liability coverage that drivers are required by law to carry in order to drive legally. A lot of drivers tend to settle for the state minimum amount of coverage. This is a HUGE MISTAKE! If you cause a serious accident, state minimum coverage is far from adequate to cover the costs of personal injury and property damage. YOU could be on the hook for the rest of the charges your liability coverage doesn't pay. Always check to see how much more higher levels would be. In many cases, you will be surprised how little in cost that higher levels of coverage run.



The Connection between Liability and Uninsured/Under-insured Motorist coverage.
    
   Another very important part of your auto insurance coverage is uninsured motorist coverage... You can only select uninsured motorist coverage at a level equal to or less than what you're carrying for liability.... So if you go skimpy on liability coverage, you will have to go skimpy on uninsured motorist coverage as well.



Get an Auto Insurance Quote with Lyles Insurance


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Related Blog Articles:

Video: Understanding your auto insurance declaration page

​Video: Why Anonymous Online Auto Insurance Quotes are Useless

Video: 8 Short Term Ways to getting cheaper Auto Insurance

Video: Factors Used in Calculating Auto Insurance Rates

Why getting an Anonymous Online Auto Insurance Quote is a waste of time

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    Dan Lyles is an Independent Insurance Agent serving Ohio, Indiana, Michigan, Pennsylvania, Virginia and West Virginia..

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