What is a Non-Owners Policy and when is this coverage appropriate?

Posted on Dec 23, 2013 in Blog

A non-owners auto insurance policy offers important but limited coverage to a named insured who does not own or lease a vehicle.   It is specifically written for someone who does not own a private passenger or commercial automobile, but who desires and would otherwise qualify for an auto policy.  Non-owners car insurance is typically needed by: drivers who are required to buy a liability policy to keep their driver’s license drivers who don’t own a car themselves but who occasionally drive someone else’s car with their express or implied permission an individual who doesn’t have a vehicle or intend to drive but is interested in keeping continuous coverage an employee who does not own a car but drives a company provided car at work and is required to have a personal policy, even though the employer’s business coverage will be primary and business use may be excluded from the employee’s policy. Non-owners policies usually cost a lot less than an owners policy because the risk for an insurance company is lower than that of a car owner who drives on a daily basis. The premium amount is, however, dependent upon normal rating factors such as the driver;s record and experience.  Two of the more common scenarios in which an individual may benefit from non-owners policies are as follows:  GET A NON-OWNER INSURANCE QUOTE BORROWING A CAR – If you don’t own a car but occasionally borrow a car from a friend the non- owners policy may be a fit.  Covered damages that are incurred while driving a borrowed car will typically be subject to primary coverage through the auto policy of the vehicle owner and the policy  for a non-owner will provide excess or supplemental insurance.  If the owner of the vehicle does not have insurance on the vehicle the non-owners coverage will provide primary coverage.  Insurance companies will not issue a non-owners policy for a driver who uses a car owned by or available for regular use by either the policyholder or a member of the household.  Non-owners insurance generally covers liability only which protects the policyholder up to the policy limits if they are at fault for injuries and property damage to others. These policies typically do not include comprehensive, collision, and rental coverage.   SR22 – A non-owners insurance policy may be a good fit for people who need an SR22 filing to reinstate their suspended or revoked license and prove that they have met the state insurance financial responsibility requirements.  They may not be able to get an owners insurance policy if they don’t own a vehicle and therefore cannot get their license reinstated since they don’t have insurance.  Non-owners policies will normally resolve this...

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Free Notary Service for Domestic Partnerships

Posted on Jun 1, 2013 in Blog, Notary, Sales

There’s a licensed Notary Public at Ideal Choice Insurance in Imperial Beach who will notarize Declaration of Domestic Partnership forms – also known as a ‘Domestic Partnership Agreement  or DPA’ – in his office – free of charge! As this article from Diversity, Inc. points out, “The inability of domestic partners to marry in many states also means there is often no prescribed blueprint for handling disputes or dissolution of a relationship. A legally recognized DPA can save time, energy and resources in the event of a partnership’s dissolution. It may also provide a guide to a judge who may not be sympathetic to either partner.” The notary, whose also an activist for social equality, believes that; “While the local LGBTQ community is forced to settle for a Domestic Partnership Agreement – rather than a marriage license – the document should be provided free of charge. It’s an issue of human rights – and love – and to that end I have the ability to directly effect change.” Walk-ins and appointments are available Monday – Friday 9am to 6pm and most Saturdays 10am to 2pm. In his third article of a continuing series, David Helverson, Accredited Domestic Partnership Advisor and Vice President – Investment Officer, Wells Fargo Advisors writes; “A DPA is a legal contract and not a do-it-yourself project. Appropriate legal counsel should be employed to draft the document. For a DPA to be considered fair and durable, both parties must enter into the agreement voluntarily, both parties must disclose all pertinent information, and both parties must have the opportunity to have the document examined and explained to them by independent counsel. There can be numerous instances where one partner can have a significant conflict of interest due to differences in wealth, income or legal claims to children. As with other legal documents like wills and trusts, the partners’ legal counsel should verify the number of attestations by witnesses and if the document needs to be notarized to promote enforceability. It is important to discuss with your attorney the enforceability of the agreement in your state or a state where you might relocate, as your location may affect its recognition.” – more Of course, the notary will notarize other documents too, however those will be changed at $10 per signature.  “An activist has to make money too!” the Notary was heard to have said… on his way to another loan closing, refinance signing or  some other required notarization. Mobile Notary Service also available – rates subject to time and distance – contact us for more...

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