What is a "named driver" policy?

A "named driver" policy is designed to cover only specific individuals who are explicitly named in the policy as authorized drivers. This means that the insurance coverage will apply only to those individuals identified in the policy documents. If an accident occurs while the vehicle is driven by someone who is not listed as a named driver, the insurance may not cover the incident, potentially leaving the owner liable for any damages or injuries that occur.

This type of policy is particularly useful for those who want to limit the exposure of their insurance to specific drivers, often reflecting a desire to reduce premiums or manage risks associated with less experienced drivers. It emphasizes the importance of knowing who will be operating the vehicle and ensuring they are included in the policy.

The other options describe different scenarios that are not characteristic of a named driver policy. For instance, policies that cover any driver do not require specific naming, while those aimed solely at commercial drivers fall under a different category, and exclusion policies would not provide coverage at all to unlisted drivers, rather than focusing on specific individuals.