Updated: Feb 28
Drive other Car coverage is commonly used when a company officer or business owner, does not carry personal auto insurance because he or she is furnished a company auto.
If you need to borrow, test drive, rent, or lease a vehicle, Drive Other Car insurance will extend the coverages you have purchased for your commercial auto insurance policy - like Liability insurance, Physical Damage insurance, Medical Payments, and Uninsured Motorist Insurance, to a non-owned car for personal use.
Drive Other Car insurance is available for Partnerships and Corporations and usually applies to the executives or their spouses. To be eligible for this coverage, you must have a vehicle listed on your commercial auto insurance policy with a personal or non-business use.
Company cars can be a great benefit. With the benefits come insurance gaps, most of which can be corrected by endorsement. Talk to your independent insurance advisor to learn more about Drive Other Car Coverage.