We sometimes hear this question from customers because we may borrow a vehicle from a friend or family member from time to time. The answer to this question depends on the circumstances. If you cause an accident while driving a borrowed car, the car owner’s insurance should pay the claim. However, if the owner does not have insurance or doesn’t have enough insurance to pay for the damages and injuries you caused, your insurance will come into play.
In a different scenario, if you borrow a car from a repair shop, your liability insurance should pay for any damage to their vehicle. It should also pay for other people’s injuries and damages if you are at fault in an accident while driving the vehicle. However, check with your agent to see if your liability limits are set high enough to pay for any damages that might occur in this situation.
What happens if you buy a new car, and you can’t reach your agent over the weekend? Most companies have direct phone numbers, online access or apps for customers to use when making these types of changes. But if you buy a new vehicle, your current insurance will automatically cover it for a brief time – most companies allow 14 days or so, depending on the carrier. The type of coverage depends on whether the new car is an added car to your household or a replacement vehicle. An added car is assigned the same coverage as the car with the most coverage on your current policy. A replacement car is assigned the same coverage as the car it replaces on your policy. As soon as possible, contact your agent and let them know about the new vehicle and what coverage you want in place for that vehicle.
Sanger Insurance is an independent agency writing business all over the North Texas area. Our agents are happy to answer your questions and ready to earn your business and your trust.