Add to GuideAsk a Question

Loaning Your Car To Someone

Before loaning your car to a friend or family member check with your insurance company to make sure that they will be covered. This is a guide about loaning your car to someone.
Ad

Solutions

Share on ThriftyFunThis guide contains the following solutions. Have something to add? Please share your solution!

November 8, 20060 found this helpful

Call your insurance company prior to loaning your car to a friend or a family member to make sure that you coverage extends to them. Your policy may have coverage for short term loans. It's important that they are covered because if they get an in an accident in your car, you could be held liable for damages even if you are not the driver.

Comment Was this helpful? Yes

Comments

November 9, 20060 found this helpful
Top Comment

You bet. And it works both ways. If you're borrowing someone's car, find out if they have insurance on the car. I just read a lawsuit against a man who borrowed a car, got into an accident that was mostly not his fault, and only found out after the accident that the car insurance had not been renewed 3 months earlier. As one of the drivers, he was found 20% responsible for the accident and ended up with a $30,000+ judgment against him.

Reply Was this helpful? Yes
Related Content
Categories
Budget & Finance Auto InsuranceApril 3, 2018
Guides
More
🎆
Fourth of July Ideas!
👔
Father's Day Ideas!
🌻
Gardening
😎
Summer Ideas!
🐛
Pest Control
Facebook
Pinterest
YouTube
Instagram
Contests!
Newsletters
Ask a Question
Share a Post
Categories
Better LivingBudget & FinanceBusiness and LegalComputersConsumer AdviceCraftsEducationEntertainmentFood and RecipesHealth & BeautyHolidays and PartiesHome and GardenMake Your OwnOrganizingParentingPetsPhotosTravel and RecreationWeddings
Desktop Page | View Mobile

Disclaimer | Privacy Policy | Contact Us

© 1997-2018 by Cumuli, Inc. All Rights Reserved.

Published by ThriftyFun.

Generated 2018/06/10 01:11:49 in 1 secs. ⛅️️ ⚡️
Loading Something Awesome!