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Archive for the ‘Insurance’ Category

Have you ever had a friend walk up to you with a request to borrow your car for a day or two? If yes, you may be wondering what are the auto insurance benefits or risk associated with handing over your car keys to this fellow.

The first thing you need to ask yourself is whether you friend is a good driver and even if he claims to be one, you should remember that accidents do happen even to the best of drivers when they least expect it. That is the reason why it is mandatory to have an auto insurance policy on your car.

But straight forward, your auto insurance holder may reject your claims if it turned out that the one who smashed your car was not qualified to drive. Be sure that whoever takes your keys to drive has a valid drivers’ license.

This is different in cases where the one who borrows has a car of their own but duue to one or two things cannot have access to it.

Your car insurance coverage follows your vehicle wherever it goes; this means that if your friend goes ahead and crashes your car into another vehicle it is your policy that will be activated irrespective of whether or not your friend has an auto insurance of his own. Now, you can decide, are you going to hand over the key to him?