Drive Other Car Insurance (doc)

Definition of "Drive other car insurance (doc)"

Endorsement to an automobile insurance policy that protects an insured in either or both of two circumstances when driving a non owned car:

  1. business endorsement if the insured's negligent acts or omissions result in bodily injury or property damage to a third party while the insured is driving a non owned car for business activities.
  2. personal endorsement if the insured's negligent acts or omissions result in bodily injury or property damage to a third party while the insured is driving a non owned car for non business activities.

image of a real estate dictionary page

Have a question or comment?

We're here to help.

*** Your email address will remain confidential.
 

 

Popular Insurance Terms

Annual contributions to a pension plan that exceed or are smaller than the minimum required for future employee benefits currently being earned; and any supplemental liability for past ...

Combination of the funds of many policyholders held in a single account and invested as a single entity. ...

Contractual rights to a stipulated percentage of the increase in the value of an insurance agency over a given future period of time. They are used to convey a percentage of the increase in ...

Securities that derive their value from other financial instruments that are used by the insurance company to hedge its bets on which direction the market is moving. For example, cattle ...

Cash carried forward from the previous year, plus gains from operations for the current year, plus any capital gains. ...

Central (main) office of an insurance company whose facilities usually include actuarial, claims, investment, legal, underwriting, agency, and marketing departments. ...

Type of guaranteed insurance contract in which the term is fixed, the rate is fixed, and the contract owner does not participate in the insurance company's earnings. ...

Time at which life insurance death proceeds or endowments are paid, either at the death of an insured or at the end of the endowment period. ...

Method of selling insurance in which the insured purchases the product directly from the insurance company and not through an agent. ...

Popular Insurance Questions