NJCAIP Hired Auto Coverage – Hired Auto Coverage is a supplementary coverage only.
The coverage should be written in the same policy that provides coverage for the insured’s owned and or long term leased vehicles. If the insured’s owned vehicles are insured in the voluntary market, Hired Auto is NOT AVAILABLE in the Plan. If the owned and or long term leased vehicles are insured in the Plan, Hired Auto IS AVAILABLE on the same policy. If there are no owned vehicles, there must be a known exposure in order to qualify for hired auto coverage. Multi-state operations Operating Headquarters- must be in NJ to Qualify Burden of Proof lies with the applicant Out of state coverage availability.
When an ICC, PUC, or PSC filing, or any other similar state or federal regulated filing, or an MCS 90 endorsement is requested, the servicing carrier shall be required to include hired autos and nonowned auto liability coverage.