Detail82819_PL

Substitute Vehicles: Are You Covered?

08/28/2019 Written by: Charlene Noring

Automobile insurance policies cover the vehicles you own but there may be times when you need to drive a different vehicle temporarily. A “substitute vehicle” is any vehicle that you do not own but you drive when you are unable to operate your insured vehicle. Some examples of a substitute vehicle include:

  1. A rental vehicle while on vacation. Even though your personal auto policy will provide liability and physical damage coverage as carried on your vehicle, personal policies do not typically provide coverage for the diminished value for damaged rental vehicles or for the loss of use of the rental vehicle while it is being repaired. These items will be your responsibility.
  2. A loaner vehicle provided by a dealer while they are servicing your vehicle. Policy language varies depending on the insurance carrier. Not all carriers consider a vehicle loaned to you by the dealer as a “non-owned” vehicle since the dealership is engaged in the business of selling, repairing or servicing motor vehicles. 
  3. A borrowed vehicle. Coverage on a borrowed vehicle from a family member or friend will primarily be provided by the borrowed vehicle’s policy with your personal auto policy being secondary in the event of inadequate limits. 

Even though most personal auto policies will typically provide limited coverage for a temporary substitute vehicle (30 days or less), specific coverages and limitations can vary. In this case, surprises are not a good thing! Therefore, it is recommended that you check with your independent agent to be sure there is coverage for your specific situation. To learn more about protecting your home, cars and other personal assets, visit AssuredPartners Personal Insurance.

How-to-Better-Protect-and-Prepare-Your-Home-from-Wildfires
How to Better Protect and Prepare Your Home from Wildfires
Blog12/06/2024
risk-management personal-insurance property-and-casualty

Wildfires are an ever-growing threat to communities across the globe, with their frequency and intensity increasing each year. The devastating impact of these uncontrolled blazes is felt not only in...

Protect-Your-Home-Against-Wind-and-Hail-Damage
Protect Your Home Against Wind and Hail Damage
Blog11/13/2024
risk-management personal-insurance property-and-casualty

When it comes to natural disasters, storms producing wind and hail might not always grab the headlines like hurricanes or earthquakes, but they cause a surprising amount of damage and can lead to a...

The-Benefits-of-Working-with-an-Insurance-Broker
5 Benefits when Working with an Insurance Broker
Blog11/04/2024
personal-insurance

Insurance may not be the most exciting topic to most, but it's essential for protecting our homes, families and valuables. If you’re in the market for insurance, your options can seem limitless and...