Short term car insurance may not be as well known as other types of insurance, but it serves a valuable function in vehicle coverage. The need for this type of policy is not widespread, but it is helpful in specific circumstances. The policy protects driver and owner in times of special need.
One circumstance where this type of policy is useful is for students visiting home for a vacation. The family car is covered, but the student will need to acquire coverage through a limited term policy. The policy is available online and provides immediate driving coverage.
If you are the one on vacation and plan to drive a rental car, short term insurance is a great idea. The car may not be as dependable as your own and may handle differently. A limited policy will give you protection without impacting your regular policy.
Traveling overseas for business or pleasure can mean renting cheap cars for a short time. Driving laws and habits are different in other countries and you may need more coverage than usual. This type of policy fills that need perfectly without affecting your regular insurance coverage or limitations.
Borrowing a vehicle for a short time can lead to increased risk. If you don’t have a regular policy, a limited policy can be purchased to protect you and the car owner. The term length of a temporary policy can be anywhere from ten days to nearly a year.
Whatever your reason for needing short term car insurance, you should maintain a policy even when there is a gap in your regular policy coverage. Being without a policy can a dangerous event from a financial and legal standpoint. Protect your financial future from the cost of a vehicle accident. Don’t risk going without coverage even for a brief period.