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 Car insurance - lending someone your vehicle
Generally, insurance coverage is extended to a driver which:
It can be dangerous to make any premise since each insurance company has particular guidelines. Even if person fits under the above circumstances, it is important to contact the insurance company to inform them of the individual using the vehicle. If the driver drives the vehicle often, you should add the driver to your policy to avoid any job with insurance coverage. Some insures will provide coverage with lower bounds for permissive users. For illustration, if your liability limits are $10,000 for place damage, policy conditions may state that permissive users will only be covered for $5,000. Most of the time, policy premium will not addition when adding a driver of the same class as the policyholder, meaning a driver of the same age, marital status or similar/better drive record. The best thing to do is to contact your bearer to specifically ask their guidelines on permissive use. It is also important to view your policy declarations page to see if there are any "excluded" drivers listed. When buying a policy, the insured person usually signs an exclusion agreement which specifies their cognition that the excluded drivers will not be covered in case of an accident. Most insurance companies want to know information on every household member so that they may be included or excluded. Insurance companies can even obtain names of household residents through reports such as CLUE and automatically list them on the excluded driver section for the insured to sign when purchasing the policy. Some policyholder have even reported that they were unaware of the drivers excluded in their policy. In summary, one should contact their insurer to ask details on their guidelines for lending others a vehicle. Never assume that drivers are automatically covered if they do not live in your household. Courtesy of OnlineAutoInsurance.com - Log on to get your free online car insurance quotes from multiple top companies with one simple process. Feel free to compare your current rates with the rates of other carriers with no obligations. |
Is person covered under my car insurance policy if they borrow my car? Many consumers lend their vehicles to other drivers assuming that their car insurance coverage will automatically transfer to the individual borrowing it. In some circumstances, coverage does extend to a individual borrowing the vehicle as long as that individual fits into the permissive user guidelines as described in their particular policy status.