6 Questions
What is considered a hired auto according to the BAP?
An auto rented, leased, hired, or borrowed by the insured
What is the key difference between a hired auto and a non-owned auto?
The ownership of the vehicle
Why might a business without leased or rented vehicles still need hired auto coverage?
Because they may borrow a vehicle from a friend
What is an example of a non-owned auto?
An auto owned by the insured’s employee
Who is exempt from the definition of a hired auto?
All of the above
Why is it important to understand the distinction between hired and non-owned autos?
To determine the correct insurance coverage
Learn about the definition of a hired automobile according to the Business Auto Policy (BAP) and the importance of hired auto coverage for businesses, even if they don't lease or rent vehicles. Discover the exceptions and surprising scenarios that may require this coverage.
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