As the summer drifts away, our thoughts turn to getting everyone ready for the return to school. We wanted to take a moment to address the issue of students loaning your car to a classmate, or driving their roommate’s car. DO NOT DO IT.
There are all sorts of issues that can arise when borrowing or lending a car. If you borrow the car and have an accident, the owner’s insurance can be affected. This can make for a very awkward relationship between roommates. If you loan your car, you loan your insurance. Do you want your car being driven by someone who could cause a serious accident and leave you “holding the bag?” Do you want to deal with the same awkward roommate issue?
Certain parts of car insurance follow you and NOT the car. In Pennsylvania, the medical coverage under the policy pays if you are riding in a car, walking, or even riding a bike. The uninsured and underinsured motorist coverage protects you if you are injured by someone without coverage, or someone with insufficient coverage. These coverages apply whether you are in your car, riding as a passenger, walking, or riding a bike.
Is you child at college over 100 miles away? Talk with us about a Student Away Discount.
Questions? Please call us to discuss your concerns.