False; the opposite is true. Car insurance follows the car, not the driver. If a friend borrows your car and gets into an accident, your policy will act as the main insurer. Only if the limitations on your policy are exhausted can your friend's policy take over. Make sure you know ...
doi:urn:uuid:b771d33bbeaf4410VgnVCM100000d7c1a8c0RCRDLearn which car insurance coverages follow the car and which follow the driver, and in what situations, as well as the role car insurance plays when you loan a car, borrow a car or rent a car.Kristin CampbellFox Business...
Keep in mind that insurance follows the vehicle, not the person, so if you drop coverage on your car by canceling your policy, you’d need to add that vehicle to the other person’s policy to ensure financial coverage. Thankfully, amulti-vehicle policyusually results in a discount. ...
You will hear insurance agents and adjusters tell you that insurance follows the car and not the driver.Technically, this statement is not accurate. Your insurance policy will always follow you at the very least as a secondary source of coverage (exactly what an Additional Insurance Clause does)...
Many believe that if a driver is in an accident in someone else's car, the driver's insurance would cover the damages rather than the car's owner. But this is a myth; the car insurance follows the car instead. The owner of the car is liable for damages and a possible increase in ...
Typically, auto insurance coverage follows the vehicle rather than the driver. This means that if you borrow someone else’s car, their insurance policy will generally provide primary coverage in the event of an accident. However, this is contingent upon the owner of the vehicle having an active...
For the first point, anyone can drive your car unless they don’t have a license, are drunk, or are excluded from the policy for whatever reason. Car insurance follows the car and not the driver, so if a friend of yours is behind the wheel and they end up in a car crash, then yo...
California drivers also need to know that the state follows a “fault” system. Under a fault system, drivers who are found to be at-fault in causing an accident are held financially responsible. What are the forms of financial responsibility in California? It’s simple — proof of financial...
an initial payment of RMB9,000 (most of which will be later reimbursed in the form of bonuses), the remaining RMB91,000 is recorded in the policy account in Mr. Wang’s name. The account value increases as follows if no part of the value has been withdrawn during the insurance period...
During the survey, the question was phrased as follows: "Which of these insurances have you taken out online?"If you need more information, you can have a look at the Consumer Insights Methodology. Citation formats Citation formats View options Other statistics on the topicInsurance industry ...