many reasons can arise requiring person else to drive your vehicle, but you need to know how your car indemnity policy works in this situation, knowing how an at-fault accident is handled when it is caused by a driver not listed on your policy. not entirely was the driver of your vehicle at defect in an accident, but they got a dealings ticket, excessively ! thankfully, any drive violations received by the other driver will not affect the vehicle owner ’ s policy policy or rates. Traffic violations go directly onto a driver ’ south license and record. consequently, the at-fault driver ’ randomness car insurance rate could go up because of the slate. By allowing another driver to operate your vehicle, you are taking duty for the driver. Most policy companies will surcharge a vehicle owner ’ randomness policy with an at-fault accident. policy companies base your indemnity rates on the likelihood of a future claim. even though your vehicle was loaned out at the prison term of the at-fault accident, you are a higher gamble for having done so. A higher price probably will be reflected in your indemnity bounty due to being a higher risk. The vehicle owner ’ s insurance policy provides liability coverage, excessively. Depending on the degree of the accident, the vehicle ’ s indebtedness may not be adequate to cover the damages. In that event, the driver ’ randomness cable car insurance policy can pick up extra liability if the limits are higher than what were on the vehicle driven in the accident.
In an at-fault driver site, the only way to get coverage on the vehicle is through the fomite owner ’ s indemnity policy. If the policy does not have collision coverage listed, no coverage is available. The vehicle ’ south deductible applies. It is between the vehicle owner and the at-fault driver to decide who will pay the deductible, but the owner of the fomite is ultimately on the bait for the broad come. Either way, the deductible will have to be paid in order to get the vehicle repaired.
The Bottom Line
An accident under these circumstances is always bad. The driver feels bad and the car owner can ’ thymine avail but feel annoy. not only are you inconvenienced by the fact that your cable car needs repairs, but potential surcharges could leave you paying for lending out your car for years to come. Consider the hazard the adjacent time you think about loaning your car. Is the driver frequently distracted and going on a farseeing trip ? Or, are you loaning your fomite to a creditworthy driver with a good drive record for a short period of time ?