Don’t lend out your insurance! Crazy? Not at all.
Most of us have let a friend or relative borrow our car occasionally, and have thought nothing of it. But, do you know that when you let someone other than yourself and your wife or children drive your car you are also letting them take your insurance for a little drive as well?
Your insurance travels with your car and your friend just may not be the best driver around.
If she or he causes an accident your insurance will respond. And if it is a really serious accident with Bodily Injury as well as Property Damage, a large claim could result. That will wind up on your record and very likely will affect your future insurance costs.
Most of us don’t like to say “No” to friends and relatives, but sometimes that is the best thing to say.