This is a great one, “if I lend my car to a friend and that friend is in an accident, his or her insurance company will pay for the damages.” This is a great example of wishful thinking that is simply too good to be true. If someone is driving your car, in which you pay for auto insurance on that vehicle, another car insurance company is not going to pay for the damages because you allowed another person to drive your car.
However, if your coverage does not fully cover the damages, their insurance company can be excess to cover the rest of any expenses that were accumulated. Unfortunately, even though you weren’t there, the accident will go on your insurance record and your insurance premium will be the one that goes up and not your friends. Make the right decision and know who is covered and who is driving your car. Drop on over to Reno Car Insurance to find advice, videos, tips, and tons of more things about insurance when it comes to automotive, suv’s, luxury cars and more.
