Car insurance follows the vehicle, not the driver. Although your friend`s car insurance may have arrived at some point, your policy is primarily – and filing a claim could result in an increase in your rate. Before you decide to let someone use your wheels, think about what they could do with your finances. Suppose a friend or relative takes your car without permission and causes an accident. In this case, his insurance could be primary and your high school. But if that person is not insured, you and your insurance are probably responsible. Your insurance will probably assume that the relative or friend had permission, unless you can specify that they did not. If you understand how to read insurance documentation, you`ll be better able to manage your policy. Statements, insurance and political conditions are found in the politics of the house, the automobile and business. If you lend your vehicle, remember that you also lend your insurance file. If your friend does not have car insurance, he could be sued, which does not cover your policy.
You could be sued because your car was involved. According to the Verdict Research Jury, the average jury price for vehicle liability in 2013 was $34,877, the last year for which data were available. If friends don`t have their own insurance, they could buy car insurance without an owner. If they cause an accident in your car, your liability insurance would still be primary and their non-owner insurance would take any rest. Non-owner insurance does not include any collision or full coverage, so you should always use your own collision insurance for damage to your car. “If you lend someone`s car, give them insurance,” says Lynne McChristian, a spokeswoman for the Insurance Information Institute. Before lending your car to someone else, you need to be sure you can trust the driver. If your car is involved in a major traffic violation or if the driver is not in possession of a valid driver`s license, your car could be seized even if you were not behind the wheel. If the driver is responsible for an accident, your insurance premium could increase… A friend keeps asking to borrow your car and you borrow it.
Always stop thinking about who would pay if he was in an accident? The small answer is that they would. If you want to borrow your car from someone who doesn`t live with you, such as a friend or neighbor, you don`t need to call to send a return to your insurer. In the event that the driver was unlucky enough to be involved in an accident with your car, he or she would be insured by your car insurance. If you lend your car, you also share your car insurance. As a general rule, a traveller will also be subject to your policy.