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Back You are here: Home Columns Weekly Columns Auto and Home Insurance 101 Auto and Home Insurance 101 for August 7, 2013

Auto and Home Insurance 101 for August 7, 2013

WHAT HAPPENS WHEN I LOAN MY CAR TO SOMEONE?  AM I STILL COVERED?
AM I COVERED FOR “ACTS OF GOD”?

Steve Bowman, Property & Casualty Insurance Broker

When you loan your car, liability and coverage for physical damage (ie, comprehensive and collision) always follows your car. 
So, if a friend borrows your car and has an accident, you are still protected against the cost of damages or injuries. 
Plus, if the driver of your car is insured, his or her policy will also be available to cover the cost of damages and injuries.
The same rules apply when you borrow someone else’s vehicle.  Your own insurance follows you no matter whose car you are driving. 
Keep in mind, the vehicle owner’s policy is the KEY coverage if you have an accident.
When “Acts of God” occur, comprehensive insurance, which covers you for fire and theft, generally covers you against damage by flood, earthquake, hail and other natural perils, EXCEPT when your car is overturned (which is technically considered a collision).  If you have concerns about the safety of your vehicle in the face of Mother Nature’s wrath, contact your agent for information on catastrophic coverage.
From the office of: Steve Bowman, Property & Casualty Insurance Broker, 106 K Ave. Kure Beach, NC 28449 : Phone 910-458-1164 : 800-542-2502 : Fax 910-458-7311
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