Your agent may also recommend adding the following optional coverages:
Medical payments coverage may help pay accident-related medical bills if a company vehicle driver or passenger is injured in an accident up to the policy’s limits.
Uninsured/Underinsured motorist insurance may help cover damage to your company vehicle if you are in an accident with a driver that doesn’t have appropriate insurance coverage. Tennessee companies typically receive quotes that include this coverage, but you can decline it in writing.
Rental car reimbursement may help cover the costs of renting a car if the insured vehicle is being repaired after a covered accident or incident.
Tennessee companies that borrow, rent or lease vehicles can satisfy the state’s minimum liability coverage requirements by maintaining hired and non-owned auto insurance (HNOA).