Car insurance does not cover the driver and vehicle. The owner of the vehicle may have insurance but that does not mean he or she covers every person who drives the vehicle. The policy only covers the owner and the vehicle. Every other person who drives the vehicle must also have their own insurance and a valid driver's license.
Anytime somebody drives your car without a valid license or insurance and they are involved in an accident, the insurance company is not liable to pay for the damages.
Your car is an asset that is worth a lot of money. The value to you especially, is truly invaluable. Do not throw the money away by letting anybody, even your dearest friends; drive your vehicle without insurance. Because that is exactly what you will do if an accident does happen ? your money will go down in a trashcan.
Even if your friend tells you he is insured, and he might as well think so, he is technically not considered insured by the provider if there is any lapse in payment the policy is considered non-effective.
Insurance companies do not react kindly to missed insurance payments by their clients. Drivers who have taken out a policy for their car and failed to pay the premiums are not insured. If the car is stolen or involved in an accident, the insurance company will not pay out.
I do not want to discourage you from providing your friends with a friendly gesture, but your car means a lot to you. It's your primary form of transportation and worth a lot in value. However with one small mistake by a friend who is not insured and your car will only be back on the road, paid entirely by yourself. - 15224
Anytime somebody drives your car without a valid license or insurance and they are involved in an accident, the insurance company is not liable to pay for the damages.
Your car is an asset that is worth a lot of money. The value to you especially, is truly invaluable. Do not throw the money away by letting anybody, even your dearest friends; drive your vehicle without insurance. Because that is exactly what you will do if an accident does happen ? your money will go down in a trashcan.
Even if your friend tells you he is insured, and he might as well think so, he is technically not considered insured by the provider if there is any lapse in payment the policy is considered non-effective.
Insurance companies do not react kindly to missed insurance payments by their clients. Drivers who have taken out a policy for their car and failed to pay the premiums are not insured. If the car is stolen or involved in an accident, the insurance company will not pay out.
I do not want to discourage you from providing your friends with a friendly gesture, but your car means a lot to you. It's your primary form of transportation and worth a lot in value. However with one small mistake by a friend who is not insured and your car will only be back on the road, paid entirely by yourself. - 15224
About the Author:
Graham McKenzie is the content Syndication Manager at Insurance123.co.za South Africans leading car insurance information portal
