What happens when someone borrows your car and has an accident?
What happens when someone borrows your car and has an accident?
If someone borrows your car without your permission and causes an accident, then they would be liable for the damage. This means that if that person drives your car, your insurance will not cover any damage that takes place.
What happens if a friend borrows your car and causes an accident?
A common myth is that if a friend borrowing your car has insurance, their policy covers any damage done to your car. That’s not the case. If a friend borrows your car and causes an accident, your insurance policy pays for any at-fault damages.
Who is liable in a car loan accident?
The bottom line is that when someone to whom you have loaned your car causes an accident that injures another person or damages someone’s property, you are liable, and your insurance will be the first in line to cover their costs. It will therefore be your responsibility to: – File the claim with your insurance company. – Pay down the deductible.
What to do if someone borrows your car?
If someone borrowed your car and was in an accident in Maryland, we recommend speaking with a licensed attorney about your situation. The Silver Spring car accident attorneys at Goldberg Finnegan can listen to the details of your claim in a free consultation. We charge you nothing up front and there is no obligation to have us represent your claim.
What happens to your car if you loan it to someone?
Even though you weren’t driving your car when it was damaged in the accident, agreeing to loan it to someone who then crashed it makes you a higher risk to your insurer. This higher risk often translates into a higher car insurance premium. Which type of car insurance covers the vehicles involved in an accident?
A common myth is that if a friend borrowing your car has insurance, their policy covers any damage done to your car. That’s not the case. If a friend borrows your car and causes an accident, your insurance policy pays for any at-fault damages.
The bottom line is that when someone to whom you have loaned your car causes an accident that injures another person or damages someone’s property, you are liable, and your insurance will be the first in line to cover their costs. It will therefore be your responsibility to: – File the claim with your insurance company. – Pay down the deductible.
What happens if someone borrows my car without my permission?
However if your friend borrowed your car without your permission and doesn’t have their own car insurance policy, you may still have to file a claim with your insurance to cover the cost of any damage they caused. 2. When it was an excluded driver
What happens to my car if I get in an accident?
The owner of the vehicle’s insurance policy will provide liability coverage, too. Depending on the degree of the accident, the vehicle’s liability may not be enough to cover the damages. In that case, the driver’s car insurance policy can pick up additional liability if the limits are higher than what were on the vehicle driven in the accident.