Buying Auto Insurance

Personal Auto Insurance Policy Endorsements

Whenever the broad coverage's provided by personal auto insurance policy isn't sufficient, additional coverage's can be fulfilled by including an endorsement in your personal auto insurance policy. This article will talk about some of the endorsements that can be added to you personal auto insurance policy. To ensure all the endorsement reviewed in this post applies to your policy contact your professional licensed insurance agent.

Personal Auto Insurance Policy - Joint Ownership Coverage Endorsement: This endorsement allows the personal auto insurance policy to become issued to two or more individuals residing in the same household or two or more people who are related in another way besides being spouses.

Personal Auto Insurance Policy - Towing and Labor Costs Endorsement: This endorsement reimburses the insured for the cost of having a vehicle towed. Coverage limits vary and combine towing and labor cost for each time a covered auto is disabled. Labor has to be executed at the place of disablement; work performed after vehicle has been taken to a garage is not covered.

Personal Auto Insurance Policy - Miscellaneous Type Vehicle Endorsement: This particular endorsement permits motorcycles, mopeds, and recreational vehicles such as motor homes and golf carts, to be included with personal auto insurance policies.

Personal Auto Insurance Policy - Extended Nonowned Coverage Endorsement: The purpose of this specific endorsement is to expand the policy holders present personal auto insurance policy protection for both driver and family members to nonowned auto's that the policy holder and family member may drive temporarily. Such as when the covered is out of service and a rental auto is necessary. Part D of the personal auto insurance policy pays up to $20 per day to a maximum of $600 for transportation expenses.

Personal Auto Insurance Policy - Optional Limits Transportation Expenses Coverage Endorsement: Enables the insured to select the daily and maximum limits of coverage provided for transportation and loss of use expenses for scheduled and nonowned autos. The limits selected are shown in the declarations of the personal auto insurance policy.

Personal Auto Insurance Policy - Excess Electronic Equipment Endorsement: This endorsement provides 2 types of protection. One, it gives increase coverage to the limits of the personal auto insurance policy for all electrical equipment that is permanently set up in areas of the auto not typically used for installing this equipment, i.e. the trunk. And two, offers coverage to tapes, records, and disks used with electronic media.

Personal Auto Insurance Policy - Named Nonowner Coverage Endorsement: This endorsement may be issued to someone who does not own an automobile however drives borrowed or rented autos. It might be used to provide protection for a personal who drives a corporate-owned auto furnished by his use by an employer. Even though the individual would have protection while driving the company car within the company's auto insurance policy there would be no protection for any other auto the insured might regularly or occasionally drive. This endorsement to the personal auto insurance policy provides such coverage.

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