What Happens if Someone Gets in an Accident While Borrowing My Car?
If you have a friend that needs to borrow a car, you may feel confident or generous enough to offer up your own car. However, as an Orlando car accident lawyer, Payer Law wants to advise its clients that they be wary of lending their car out, as it can have serious legal and financial repercussions. There are certain things that must be considered when you lend out your car, including what would happen in the event of an accident. If you would like to learn more about what can happen to you if you lend your car to a friend or family member not listed on your policy, contact us at Payer Law today.
What Happens When You Borrow a Car?
Contrary to what you may believe, your car insurance does not actually stay with you. If you decide to drive another vehicle and lend your own to a friend or family member that is not on your policy, it is critical for you to understand that your policy will not travel with you to that new vehicle. Rather, your insurance will stay with your car. This means that if the person that you lend your car to gets into an accident, you will end up being responsible.
What this ultimately means is that if you lend your car out and the person that you lend it to gets into an accident, you will be responsible for paying the deductible and you will suffer the increase to your rate as a result. If the accident that occurs is not their fault then you can file a lawsuit against the responsible driver and get compensation from them for damages that you suffered.
Do You Need an Orlando Car Accident Lawyer?
Lending a car to a friend can put you in serious legal bind. It puts you in a place where you are responsible for whatever accidents they may incur and any repayment that you have to make are going to be entirely yours legally. That is why it is important that you have an attorney to help you through the process so that you can avoid any issues you may have as a result of having lent your car to a friend.
If you are in Orlando, Payer Law is an Orlando car accident lawyer that can help you sort through any accidents that may have happened to your car and we can help you in the event that your car was in an accident as a result of being used by someone other than you. Contact us to learn more and schedule a consultation with one of our car accident attorneys.
If your friend needs to borrow a car, think twice before offering up your own. Lending your car out can land you with a slew of consequences that ultimately place you at fault for something that you did not do. Contact us at Payer Law to learn more.