It seems so innocent. A friend asks to borrow your car to go to the store to buy a few things. Yet, there is an accident on the way and it is a serious one. What happens?
Texas is an "at-fault," state. This means that in the case of an accident, the person(s) who is responsible for causing the accident can be sued. It also means the owner of any vehicle can be sued, regardless of any personal involvement in the accident. The owner of the vehicle may have nothing to do with the accident at all yet, the owner is liable if the vehicle is involved in an accident.
If someone asks to borrow your car, do not agree to this easily. When you lend your car to others you are responsible for what they do while driving it.
If the vehicle is involved in an accident you can be sued for damages or have a criminal prison sentence. This is not common, however, it does occur.
Some states limit place limits on how much an absentee owner is responsible for if the vehicle they own is involved in an accident.
In a “fault state,” the party that is found to be at fault for an auto accident will be responsible for compensating the injured party for the amount he or she is responsible for. and this is made to protect the rest of the public.
How much the absentee owner can be held liable for and the amount of the claim against their insurance is something of concern. The insurance might cover it, but it’s still not fun to be sued for an accident caused by someone else, under circumstances not under the owner’s direct control.
Check with your agent at State Insurance Solutions in Arlington, TX to make sure you have enough auto insurance coverage and strong protection for such an unfortunate event.