Borrowed Car Got Involved in an Accident – What Happens Next?
Reader’s Question:
I borrowed my boyfriend’s car and just ran out of luck. I crashed his Chevy down the road in Akron, Ohio. How will that position us with her car insurance policy?
Arnie
Akron, OH
So who will foot the bill now? If you’re not sure of any or all of these questions, then you’re like the vast majority of car insurance policyholders who would have this as a scary thought.
Most people frequently let others borrow our cars without considering the insurance ramifications. Lucky you, for I can give you some answers right now, which you might want to tell you aunt and friends.
If you borrowed your boyfriend’s car with permission, your boyfriend is taking on what is known in insurance-speak as “vicarious liability”. This means that your boyfriend will be responsible for both property damage and bodily injury, and his insurance will have to cover the damages. You are off scott-free, although you might get a cold shoulder or never get to drive your boyfriend’s car ever again.
The “insured” does not have to own the auto involved in an accident in order for liability coverage to apply, and the “insured” is defined not only as the named “insured” and his or spouse, but also any child (including foster child) or anyone related to the named “insured” by blood, marriage or adoption who is a resident of the named “insured’s” household in Akron, Ohio. It is very important to understand just who and what is covered by your car insurance in Akron, Ohio.
SR22 Bond and DUI Auto Insurance in Ohio
Reader’s Question:
Do I need SR22 bond insurance to be able to drive a car and at the same time be covered, I have a DUI on my record? I work in car dealership in Ohio.
Ryan
Thank you for asking Ryan.
Sr22 is also sometimes called bond insurance. In other states it is surety bond or deposit. An SR22 policy is a filing made by an insurance provider to your home state to show proof that you have at least the state minimum required amount of liability. It is required for verification to the state regarding your financial responsibility when you drive a vehicle after getting convicted for a DUI / DWI or driving without insurance.
Most states permit at least one of the following to be used as financial responsibility:
* car insurance policy.
* A surety bond issued by any authorized insurance company.
* A State Motor Vehicle Department bond
* A State Motor Vehicle Department certificate for money or government bonds
* A certificate of proof of financial responsibility or sr22
Some states does not allow bonds for car insurance. It is used typically to show proof of financial responsibility and meet the required insurance of the state. You may check with the Ohio institution to verify this information.
I dont think that this is what you need for coverage on your car and the vehicles you drive for work. You may speak with your car insurance agents in Ohio on their suggestion about your situation .You can check with the dealership to check if you have been listed to their business policy and if that covers you.
Goodluck!
MariCAR
Do I Need SR24 or SR22 Forms To Get My License Back?
Reader’s question:
I need to get information on how to get an sr-24. I need my license to be reinstated but I do not own a car. what do I do? I live in Ohio.
James
Thank you for asking James.
It looks like that you are being required in Ohio to get a proof of financial responsibility or SR-22 so you may be able to reinstate your drivers license but do not own a vehicle. In this kind of situation, you will be needing a non owners sr-22.
The SR-24 was a form originally was for a notice of change of vehicle regarding a car listed on a car insurance policy with a SR-22. The use of the SR24 in recent years has disappeared almost. A replacement SR22 is generally utilized, the state needs to be notifies on the change in the vehicle.
If you are not required to carry an SR-22 but needing to have a car insurance insurance to be able to get a driver’s license in Ohio, you should then obtain a non-owners policy since you do not own a vehicle or has any intention of purchasing one in the near future.
You may contact the OH Bureau of Motor Vehicles (BMV) and/or the OH Department of Insurance to get more information on sr-24 or sr-22.
Goodluck!
MariCAR
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