Liability Ins for borrowing a car?

[Dave22q]

Originally Posted by sailorboy1

We are going to be listed as drivers for our daughters car. This provides us liability for rentals etc.

Very interesting. I have fount the only way to not be forced to but insurance is to book and prepay on line. Have you confirmed this with the insurance co and will they give you an ID card to show at the rental counter? what state are you in?

[Compactorguy]

What kind of cruisers are you? 😏 Buy a bike and take public transportation.😜


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[J Clark H356]

It's true the Owner has liability insurance, but if you have a wreck in their car and are at fault, the insurance company for the car can come after your assets. Without Liability insurance, you re naked.


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[valhalla360]

Originally Posted by FSMike

If you borrow my car my liability covers you. I would think that is the case with most casual borrowing situations.

Exactly for most normal situations, this covers you. You can always find a situation where there is a higher payout that exceeds the insurance even if you buy your own. In reality the minimum is plenty for the vast majority of situations.

Where it gets touchy is if there is payment for use of the car.
- I'm a friendly guy and I let you borrow my car, it's covered.
- I offer to let you borrow the car for $20, it's not covered unless I buy commercial insurance. (this is where uber runs into issues as most carry personal car insurance which doesn't apply to a commercial operation, which they are.)

Countries outside the USA...it all depends.

[valhalla360]

Originally Posted by Dave22q

Very interesting. I have fount the only way to not be forced to but insurance is to book and prepay on line. Have you confirmed this with the insurance co and will they give you an ID card to show at the rental counter? what state are you in?

We rent several times a year. They sometimes ask who the insurance company is at the counter but never have we been asked for proof.

[valhalla360]

Originally Posted by J Clark H356

It's true the Owner has liability insurance, but if you have a wreck in their car and are at fault, the insurance company for the car can come after your assets. Without Liability insurance, you re naked.


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No, unless it's intentional (ie: you purposely run down your ex-wife), authorized drivers are covered by the owners insurance.

[DocRox]

Originally Posted by Mycroft

Thanks guys.

Cheechako, where were you back in May when I got rid of my car and CANCELLED my insurance?! Oh well, water under the bridge. I called my ex agent and they're going to get me a quote for "broadform" coverage attached to my license that should cover personal liability. It doesn't cover comprehensive, but compared to medical, car damage is cheap.

True, most cars will already have comprehensive and liability coverage paid for by the owner of the car. However, many times, the owner only has the minimal coverage required by law. Even if there is enough coverage for the accident, the owner's insurance company can still sue me for personal liability if the accident were deemed to be my fault.

It was a recent Active Captain newsletter that got me thinking along these lines.

Yes BROADFORM coverage is the way to go, I have 4 to six old cars and pickups at any given time and this covers the driver.