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If you get a DWI in a car that you're not insured in meaning you borrowed the car for the day and you are not anywhere in the cardholders insurance policy will the cardholders insurance get affected?
Wiki User
∙ 15y ago
It depends on the insurance company and the situation. If the vehicle was wrecked or otherwise involved in an accident, then yes. If you just got pulled over, probably not. After Hurricane Katrina, the insurance industry is going to be looking for ANY reason to cut off possible bad accounts. This would be one reason to cut the owners off. For loaning their car to an UN-INSURED DRIVER.
Wiki User
∙ 15y ago
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Do you have to pay taxes on money borrowed against paid up life insurance?
Borrowed money is not taxable.
If you crash a car borrowed with permission from a family member will their insurance or your insurance cover the damages?
You may need to check with the insurance company. Most companies will cover accidents that happen when a car is borrowed by a licensed driver.
What to do if the person that hit my car was driving a borrowed car?
Turn it into your insurance company first. Your insurance should handle everything. The way it usually works is his car is supposed to be insured so contact the "borrowed" cars owner and see if the driver is covered, if not the borrowed cars owners insurance may not pay and the owner will be liable for the cost of repairs, etc.
What type of insurance can be borrowed against term or whole life?
Whole Life
Is money borrowed from life insurance considered income?
No it's not and for that reason it is not taxed either.
A car with liability insurance only is borrowed and in an accident Car is totaled Whose insurance will cover?
When a car is borrowed (with permission) the insurance of the car owner is primary and the insurance of the driver is secondary. Here, the car owner has no coverage to pay for the damage to his/her own car, so the driver's liability insurance would cover the cost of the car. That is assuming the driver has liability insurance, if the driver doesn't have liability insurance, the car owner is stuck (unless he sues the driver).
Who is liable if someone else borrowed your car and hit another car and you don't have insurance?
You both are.
Whose insurance company do we report to if the vehicle that was stolen was borrowed from a friend?
You should report the theft immediately to the police and to the car owner's insurance company.
How do you get liblity insurance on a borrowed car that no insurance?
You have to own a vehicle to insure it then you have to register it as the registered owner. So if you are borrowing a vehicle either the owner has to insure it or you have to buy it from them
Whose insurance would cover a parking lot hit and run if the car was borrowed?
The person that the vehicle belongs to.
Does my insurance premium go up if you are involved on an accident which i borrowed a friends car?
If the accident goes on your driving record, yes.
You own an uninsured vehicle that was borrowed by a driver with out insurance in Florida she got into a no fault accident and the car was totaled. what is your recourse?
Its your fault
