Is hired auto coverage primary?
Similarly, what is considered a hired auto?
Hired autos is a defined term under most commercial auto policies. It means any autos that you (the policyholder) lease, hire, rent or borrow. This definition often appears on the first page of the policy form. It is located under a section entitled Description of Covered Auto Designation Symbols.
Additionally, how does hired auto coverage work? Hired and Non-Owned Auto Insurance provides liability coverage for bodily injuries or property damage that you or your employees cause while driving for work. You can usually add this coverage as endorsement to your General Liability Insurance. Note: Hired and Non-Owned Auto coverage does not pay for collision damage.
Also, is a rental car a hired auto?
A hired auto is a vehicle you rent or lease on a short-term basis, such as a car you rent for a three-day business trip. Autos you lease long-term (for six months or more) are insured in the same manner as autos you own.
What is the main distinction between a hired auto and a non owned auto?
Hired automobile refers to rented vehicles or car services, such as a taxi or limousine. Non-owned automobile refers to a vehicle that is not owned or registered to the business, such as an employee's car used for business-related travel.