Posts from — January 2011

Here are some scenarios that you think will not cost you but can actually burn your pocket:

#1 You have to should the bad driving of your friend

If your friend borrows your car and gets involve in an accident, you will have to file a car insurance claim. You need to shoulder the deductibles plus your monthly premium might go up because of the claim. In case your friend does not have the permission to use your car, you will not be held liable for the damages. The other party may also sue you because of injuries and other possible claims. Best move, do not lend your car.

#2 The personal stuff inside your car is not covered by your car insurance

Laptops and other damaged personal effects are not covered by your car insurance policy. You can use your home insurance to cover for the items if the cost is beyond the deductibles. Check with your insurance agent on how you can go about it.

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