Loaner Car Insurance Demystified - Am I Covered if I Loan My Car Out?

Loaner Car Insurance Demystified - Am I Covered if I Loan My Car Out?

 Posted by:    Apr 16, 2015  


Don't be worried about the fact that you may have had a car crash with somebody who caused the crash, but wasn't the actual owner of the vehicle. That almost never is a real big problem, and actually sometimes it works out for the benefit of the injured person.

Growing up in Colorado my dad had me believing for years that if I loaned my car to somebody they wouldn't be insured on my car. That would be an uninsured vehicle on the road. Through High School that pretty much kept me from loaning my vehicles out to folks. Now doing this for a living I'm wondering how much other confusion parents have instilled on their kids on that issue.

Let me set the record straight. In Colorado if you loan your vehicle to somebody they are covered under your insurance. Which means, if that person causes an accident with your vehicle, then whoever they hurt will be compensated through your insurance under what's called Permissive User. As long as they were a permitted user your insurance will pay for the damage that person caused. Additionally, for the person who gets injured that way, not only can you look to the insurance for the vehicle that was permissively used by permission of the driver, by the owner, you can also look to the insurance wherever it may be in the world.

The person who borrows vehicle "A", but has himself vehicle "B" garaged at home somewhere, you could be looking at the insurance and we frequently do. We look at the insurance, and get the insurance from the car itself, but also from that second car, car "B", sitting in a garage somewhere. Don't be afraid in a situation where you get injured and you find out that the person who was driving the car wasn't the owner of the vehicle. More times than not that works out okay, and sometimes even better than otherwise.

Am I Covered if I Loan My Car Out - Loaner Car Insurance Demystified









Current Post Comments


Quick & Easy Contact

Are You a Robot? - Help

Review Us Online

Review Anderson Hemmat on Google Plus
Review Anderson Hemmat on Facebook
Review Anderson Hemmat on Lawyers.com
Review Anderson Hemmat on Yelp
Review Anderson Hemmat on AVVO
Talk to Anderson Hemmat Past Clients

Firm Associations

  • Featured in Super Lawyer Magazine
    Featured in Super Lawyers
  • AV Preeminent Rating 2017
    AV Peer Review Rated
  • Colorado Supreme Court
    Colorado Supreme Court
  • AVVO Rated Law Firm
    AVVO 10.0 Rated Law Firm
  • Colorado Trial Lawyers Association
    Colorado Trial Lawyers Association
  • Colorado Bar Association
    Colorado Bar Association
  • National Trial Lawyers
    National Trial Lawyers Association
  • American Association for Justice
    American Association for Justice
  • American Institute of Legal Counsel
    American Institute of Legal Counsel
  • Find Law
    Featured on Find Law
  • ASLA
    American Society of Legal Advocates
  • CATL
    Class Action Trial Lawyers Association
  • Rue Rated Attorneys
    Rue Rated Attorneys
  • Justia
    Justia Member
  • Million Dollar Advocates Forums
    Million Dollar Advocates Forums
  • lawyers.com
    Featured on www.lawyers.com
  • NAOPIA
    National Academy of P.I. Attorneys
  • NOLO
    NOLO
  • hg.org
    Featured on www.hg.org
  • Top American Lawyers Association
    Top American Lawyers Association
  • Best Law Firms of America
    Best Law Firms of America
  • Trial Masters
    Trial Masters Member

Blog Post Archive

INJURY LAW UPDATES

Captcha Image
Anderson Hemmat L.L.C.
5613 DTC Pkwy #150 Greenwood Village , CO 80111
Phone: (303) 782-9999

The information on this website is for general information purposes only. Nothing on this should be taken as legal advice for any individual case or situation. This information on this website is not intended to create, and receipt or viewing of this information does not constitute, an attorney-client relationship.

Copyright © Anderson Hemmat L.L.C. | By +Chad Hemmat | Denver Accident Injury Attorneys | Personal Injury Blog | About Anderson Hemmat L.L.C. | Privacy

Anderson Hemmat Logo

Secure Client Area Login




Lost your password? Click here to reset it...

Anderson Hemmat Logo

Reset Your Password