Traffic accident with a borrowed vehicle.
A quick trip to the grocery store in your friend’s car- But who pays in the event of an accident with a borrowed car?? We explain what you should look out for when you are driving a borrowed vehicle.
Who doesn’t know the situation: your own vehicle is in the workshop, so you borrow a car from a good friend?. But in the event of an accident with a borrowed car, the question quickly arises as to who pays for the damage incurred? An accident with a borrowed car can quickly put a strain on a friendship if it is not clear who will pay for the costs. The R+V infocenter tells you what to do in such a case and what you need to know before borrowing a car. information at a glance!
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Legal situation in the event of an accident with a borrowed car?
In the event of an accident with a borrowed car, the motor vehicle liability insurance pays for the damage to the other party’s vehicle. This also applies to the case when the vehicle owner himself was not driving at all. However, it can then happen that the insurance downgrades the no-claims bonus. Depending on the amount of the accident, this can be several hundred euros per year, which the policyholder then has to pay. Depending on the discount level and the corresponding downgrade after the accident with the borrowed car, the amount of the additional insurance premium is determined. Thus, the accident can have an indirect financial impact on subsequent years. motor vehicle liability insurance covers personal injury, property damage and financial loss.
What does the comprehensive insurance pay in case of an accident with a borrowed car??
the comprehensive insurance covers the costs incurred on your own vehicle. However, whether costs after an accident with a borrowed car are covered by the insurance depends on the respective scope of the comprehensive insurance. Partial comprehensive insurance covers, for example, glass breakage, fire, explosion and theft, while fully comprehensive insurance is required for wilful damage and self-inflicted accidents. If a vehicle owner has not taken out comprehensive insurance, it can be costly for the lender, because he must then pay for the entire damage caused after the accident himself.
The loan agreement determines who pays
In order to determine in advance who will pay for the damage after an accident with a borrowed car, R+V insurance advises concluding a loan contract between the vehicle owner and the temporary user. such a rental contract can include accident damages, but also traffic tickets. The necessary documents can be found on the online portals of the major automobile clubs. R+V insurance also recommends recording any damage, such as scratches and dents, so that there are no uncertainties when the borrowed car is returned.
Lending a car: tips for car owners
To avoid being stuck with the costs of an accident involving a loaned car, vehicle owners should keep a few things in mind. Above all, you should be sure that the person temporarily borrowing the vehicle is in possession of a valid driving license. If the driver does not have a driving license, the comprehensive insurance will not pay. Although the liability insurance covers the regular damages, it could claim a portion back from the driver and the policyholder. In addition, the relevant insurance company could also file a criminal complaint because the person was driving without a license. In addition, the lender and the person borrowing the car should check beforehand whether the vehicle is still roadworthy and has a valid MOT sticker. If someone is registered as the sole driver with his or her vehicle insurance company, this person should not lend out his or her car. In the event of an accident, the insurance company could subsequently change the policy, which would result in additional premiums having to be paid in arrears. Depending on the insurance, reductions in benefits and contractual penalties are also possible.