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Minimum you are responsible for all claims due to the accident. Damage and medical if any. Depending on state, one or both of you may get hit with no insurance ticket, fines vary, probably will not suspend lincense since you were not driving. It is so much easier to play by the rules and keep insurance. Been there done that.

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Q: I allowed someone to ride my bike when it had no ins. they were in a atfault accident. What kind of punishment im i lookin at?
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