Have you been asked by a friend to borrow your car? It happens all the time. What about the liability involved?
When it comes to home renovations, not only do you need to find the right qualified contractor, but you need to double and triple check they carry current liability insurance! Let us introduce you to our Central Florida customer who has a Florida homeowners insurance policy.
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Have you been asked by a friend to borrow your car? It happens all the time. What about the liability involved?
The good news is that if you willingly loan your car to somebody and they get into an accident with it, your auto insurance policy will likely cover the damages to your vehicle along with injuries. If your friend carries their own insurance, this greatly reduces your risk. If you find your friend is borrowing your car on a regular basis you may want to consider adding them to your auto insurance policy. If your friend does not carry their own auto insurance, you could be at risk for out-of-pocket expense if your policy limits become exhausted.
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