Auto Insurance Louisville KY Serving Louisville for Over 35 years!
(502) 933-2255 | (800) 468-1215
  • Home
  • Get A Quote
    • Get A Quote
    • Auto Insurance Quote
    • Home Insurance Quote
    • Life Insurance Quote
    • Renters Insurance Quote
    • Commercial Auto Insurance Quote
    • Business Owners (BOP) Insurance Quote
    • Motorcycle Insurance Quote
    • Watercraft Insurance Quote
    • RV Insurance Quote
    • Long Term Care Insurance Quote
    • Flood Insurance Quote
    • Workers Compensation Insurance Quote
  • Personal
    • Auto Insurance
    • Home Insurance
    • Life Insurance
    • Motorcycle Insurance
  • Business
    • Commercial Vehicle Insurance
    • Business Owners Insurance
  • Customer Service
    • Frequently Asked Questions
    • Report a Claim
  • Resources
    • Our Companies
    • Insurance Glossary
    • Calculators
    • Free Reports
    • News Center
  • Blog
  • About Us
    • About Us
    • Employee Directory
    • Testimonials
    • Leave a Review
    • Referral Program
    • Privacy Policy
  • Contact Us
    • Contact Us
    • Map & Directions
    • Join Our Newsletter
Auto & Home
Insurance
Commercial
Insurance
Life
Insurance
Church
Insurance
Home > Blog > Can I Borrow Your Car?
FRIDAY, SEPTEMBER 2, 2011

Can I Borrow Your Car?

"Hey, can I borrow your truck on Saturday?"

Without a second thought, most people would toss over the keys to allow their friends or family to borrow their vehicles. While these situations are usually harmless, what happens when they end with a crash? When the insurance companies get involved, this situation can end up anything but harmless.  

Can I Borrow Your Car?Generally speaking, the insurance policy travels with the vehicle, not the driver. Therefore, the vehicle owner's policy will assume most claims. If the owner's policy is not enough, the driver's policy may kick in as a backup to make up the difference.  

"Well, he said I could borrow it last month, so I'm sure it's OK today." In order for the vehicle owner's policy to cover any damages, the driver must receive explicit permission from the policy holder. The only exception to this rule is if the driver is an adult member of the immediate family by blood, marriage or adoption. So, your buddy must have permission to borrow your truck, but your daughter does not.  

"It's just for today...and maybe tomorrow...I'll definitely have it back to you by next week." It is also important to remember, most auto policies will cover the occasional, lend-me-your-car-type of scenario, but they will not cover a driver who has been using the car for several weeks. If someone is going to be borrowing your car frequently, or on an extended basis, they need to be added onto your policy.  

"Ok, but it's the company truck, so be extra careful." Lending your company car is not OK and will only complicate things in the long run. Allowing someone else to drive a vehicle issued by your employer is most likely a violation of the company's commercial auto insurance policy, which means the insurance company will not cover anything.  

"I just got my license, ask your mom if we can borrow the car to go to school." Before allowing anyone under the age of 25 to drive your vehicle, check with your insurance company.  Some policies will not cover any damages for an "uninsured" driver who is underage. This can sometimes include your own children, so be sure to add them to your policy as soon as they come home with that dreaded learners permit.

"Dude, have you seen my car?" As soon as you notice your car is missing without your permission, notify the police. If your car is in an accident, even if it was stolen or is being driven without your knowledge, you could still be held liable for damages.  

It is not possible to notify your insurance company of every person who may borrow your car at some point in time. So take the time to review your policy so you know what actions are in violation, and before you toss over the keys, consider whose hands they are falling into.


By Matt Reynolds - Google+
Posted 3:32 PM

Tags: auto, auto insurance, teen drivers, family, commercial vehicle insurance, personal, commercial
Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010

  • personal(147)
  • home(77)
  • auto(70)
  • commercial(64)
  • save(51)
  • safety(46)
  • home insurance(46)
  • auto insurance(37)
  • family(34)
  • life(24)
  • discounts(24)
  • life insurance(22)
  • weather(17)
  • business owners insurance(17)
  • winter(14)
  • claims(12)
  • credit rating(10)
  • summer(9)
  • motorcycle insurance(9)
  • renters insurance(8)
  • independent agents(8)
  • motorcycle(8)
  • green(8)
  • teen drivers(8)
  • stats(7)
  • boat(7)
  • kentucky(7)
  • spring(7)
  • louisville(7)
  • myths(7)
  • commercial vehicle insurance(6)
  • fall(6)
  • boat insurance(6)
  • specialty insurance(5)
  • long term care insurance(5)
  • rv insurance(4)
  • flood insurance(4)
  • health(4)
  • health insurance(3)
  • travel insurance(2)
  • mobile home insurance(2)
  • rental car insurance(2)
  • news(2)
  • identity theft insurance(2)
  • church insurance(2)
  • moving insurance(2)
  • cell phone insurance(1)
  • umbrella insurance(1)
  • senior drivers(1)
  • workers compensation insurance(1)

View Mobile Version
 
  • Progressive Insurance
  • Hartford Insurance
  • Safeco Insurance
  • Travelers Insurance
  • Grange Insurance
  • Guide One Insurance
  • Kentucky National Insurance
  Connect With Us: Social Social Social Social Social
Icon
Site Links

Home
Get A Quote
Our Companies
Testimonials
About Us
Contact Us

Claude Reynolds Insurance Agency, Inc. BBB Business Review

Louisville Auto Insurance Review

Icon Visit Us

Claude Reynolds Insurance Agency Inc.
6801 Dixie Hwy Suite 232
Louisville, KY 40258
Phone: 502-933-2255
Fax: 502-933-5057
Map & Directions
Claude Reynolds Insurance Agency Inc. | 6801 Dixie Hwy Suite 232, Louisville, KY 40258 | 502-933-2255
Powered by Insurance Website Builder | Online Marketing by One Thing Marketing