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With a standard auto insurance policy, is the auto covered or driver ? if i loan my car out, is it covered ? |
With a standard auto insurance policy, is the auto covered or driver ? if i loan my car out, is it covered ? The owner of the auto and the policy is covered, along with listed drivers. Claims are made against people not cars. If someone in the owner's household is going to drive the car they must be listed as a driver. Claims can be brought against the driver also, even by the owner, and of course the owner's policy will not defend him. The car is covered. The car is covered, but you have to specify operators who can drive your car. For example, some policies limit driving to only the registered driver. Your operator has to be covered under someone else's policy. If your operator gets into an accident, both your insurance and your operator's insurance will receive claims. The car is covered no matter who is driving, as long as you have both your car and other car covered. Some people just have insurance on the other car and not their own if the car isn't worth much. In Washington State it depends on the policy; but in most cases it is the driver and the specific car insured. For example-my insurance covers me for the car that I insured and I also pay extra on my premium to be covered if I use someone else's car. The only person covered on my car is me. I cannot lend my car to someone else per my policy. My premium is less because I can guarantee that I will be the only person driving my car. For most people in Washington state insurance is covered only for the car specified in your plan. If you want it to cover more cars you have to specifically add them to the policy. Or you can purchase a type of insurance that covers you no matter what car you drive. It is called "broadform" insurance and it is really expensive. Actually, both ar covered. You are covered in your car, and, usually, you are covered when you drive another car(as long as you are driving it legally(rented or borrowed)) Other drivers are covered when using your car, sometimes. It depends on how your policy is written. For example: On my policy other drivers are covered as long as they are over 25 yr. old. There are lots of gray areas also. If you're driving(anything) drunk, you'll be covered, but chances are pretty good they'll drop you. Then insurance will cost you both arem and both legs, plus all your money. If someone else is driving your car drunk, well, don't know, but a lot of factors would come into play and it's quite likely the insurance company would try to dodge claims if anyone was hurt in an accident. Best advice. if loaning out your car to someone unstable(drugs/booze, racing, etc.) just assume that if anything happens, it comes outa your pocket. caus it just might. Yes, but... If the driver is under 25, it becomes iffy. It's up to you to make sure who ever is driving has a valid license, if they get stopped and don't, and your car gets impounded, guess who is the only one that can pick it up? Yes, the registered owner. If the friend driving is halfway honest, he will pay, but if he doesn't, and you want your car back, you will. When you loan out the car, you are taking a very big chance. I can't tell you how many times I've listened to sob stories. "He was just going after a pack of cigarettes, he said he'd be right back" as they look at their wrecked or impounded vehicle in my holding yard. |
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