What is the definition of a hired auto?

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I would think an auto that is 'hired' or used for a fee. Rental car, taxi, bus, limo, etc. Answer Hired auto is an optional endorsement that should be added to all commercial auto policies. It is commonly added with non-ownership liability and collectively is referred to as non-owned and hired coverage. Hired auto liability covers the liability arising from the used of rented or borrowed vehicles. The premium is based on the actual rental expenditures and can be added to a commercial auto policy on an "if any" basis generally for less than $50. Some insurance companies will also provide hired auto physical damage coverage which will provide collision and comprehensive coverage for hired or borrowed vehicles
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