A friend of mine wrecked my car and the only insurance was liabilty, what do i do to get the car paid off?

Question

the car still has a loan on it and his insurance wont cover it, should i report it to my insurance or does anyone know if there is an easier way to get the car paid off?

Answer 1

His insurance will not cover because you carry insurance on your vehicle. The insurance follows the vehicle, not the driver.

Secondly, if you only have liability on your financed vehicle, that is your mistake.

Thirdly, you will be responsible to pay for your vehicle repairs, or the cost to pay off the loan.

No one else is going to pay the vehicle off for you.

Answer 2

you were in violation of your loan agreement if you didn't have full coverage on the car. you must notify you insurance company. if you didn't have insurance then you are in trouble however the loan company might of put insurance on it at a very high rate and stuck it on the loan and called it a rider. if you gave your friend permission not much else you can do.

Answer 3

If you mean you only have liability, you have no insurance on the car, and have violated your loan agreement.  If you mean he only has liability, but you have full coverage, then you file a claim with your insurance, that is what you paid a premium for.  Sorry, but your question isn't clear.

Answer 4

If the accident was your friend's fault and you only have liability insurance, the only way to get your loan paid is to have your friend pay it or pay it yourself.  The insurance company won't pay it.

Answer 5

Give them a call and find out. They may cover the rest if you've got the policy that covers it. It will probably make your rates go up, though. :(