Auto, home and renters insurance programs for alumni. Car insurance costs for people who don't own property have a wide range, so it's worth comparing car insurance quotes to find the best price. The Franklin Alumni Insurance Program, & from Marshall College, is a convenient source of health, life, travel and car insurance for alumni and their families. Car insurance for non-homeowners is an “insured policy,” meaning that only the person listed on the policy is covered.
A non-homeowner's auto insurance policy may also include other state-mandated coverages, such as coverage for medical payments or for uninsured drivers, but the policy's main focus is on liability insurance. The insurance offered is not a deposit and is not insured by NCUSIF or guaranteed by your credit union. It's secondary coverage, that is, if the car owner's car insurance policy would pay first if you cause an accident. Liability insurance coverage covers damages and injuries to other people if you cause a car accident.
For example, if you cause an accident in a car that you don't own and someone else is injured, non-homeowner's car insurance could pay for your medical expenses. One of the benefits of being a member of a credit union is a no-cost TruStage Accidental Death and Dismemberment (AD&D) insurance policy from CMFG Life Insurance Company. If you have a business and have employees who sometimes use their personal cars for work reasons, such as making a delivery, you may need car insurance for people they don't own. If you want to be the owner of the car insurance policy, make sure that it is added to the car title, so you can buy a car policy.
An auto insurance policy for non-homeowners is useful if you rent cars regularly, if they lend you a friend's car frequently, or if your state requires that you purchase an SR-22. For example, if you want insurance for non-homeowners because you rent cars frequently, make sure that the policy doesn't limit how often you can rent cars. With so many options for car insurance companies, it can be difficult to know where to start to find the right car insurance. If you drive a car regularly but aren't the owner, you should first request that you be added to the car owner's policy as a driver.