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If I am Fully Insured for My own Vehicle, What is the Minimum Insurance I Need to Drive a Family Member’s Uninsured Car?
November 13, 2020
Asking About "Minimum Amounts" May be a Red Flag
First, let’s establish that there is no such thing as “fully insured”. Stated again… there is no such thing. Never has been. Will never be.
Insurance policies of all kinds have exclusions and limitations that contain specific contractual obligations.
Asking the question “What is the minimum kind of auto insurance needed” is also wrought with increased risk of unintended loss.
There is a common misconception that insurance only/always follows the vehicle. The truth is… there are numerous instances where an auto insurance policy follows the “insured” or “named insured” (called “you” or “your” throughout the contract).
There could be instances where your current policy may extend coverage to an otherwise uninsured car. However, the appropriate way to cover an uninsured vehicle is simply:
That may sound elementary, yet it is the best path.
If it is possible, add the vehicle to your policy. Or have the owner add it to theirs.
How would you learn the most accurate answer to the question?
One would have to know more about the specific circumstances. Then it would be in your best interest to work with a knowledgeable insurance agent or company representative. Disclose to them your specific situation and ask what is the most appropriate way forward.
Have additional auto insurance questions? We LOVE to help! Feel welcome to call us today at 607-324-7500
Insurance policies of all kinds have exclusions and limitations that contain specific contractual obligations.
Asking the question “What is the minimum kind of auto insurance needed” is also wrought with increased risk of unintended loss.
There is a common misconception that insurance only/always follows the vehicle. The truth is… there are numerous instances where an auto insurance policy follows the “insured” or “named insured” (called “you” or “your” throughout the contract).
There could be instances where your current policy may extend coverage to an otherwise uninsured car. However, the appropriate way to cover an uninsured vehicle is simply:
- Have it properly insured.
That may sound elementary, yet it is the best path.
If it is possible, add the vehicle to your policy. Or have the owner add it to theirs.
How would you learn the most accurate answer to the question?
One would have to know more about the specific circumstances. Then it would be in your best interest to work with a knowledgeable insurance agent or company representative. Disclose to them your specific situation and ask what is the most appropriate way forward.
Have additional auto insurance questions? We LOVE to help! Feel welcome to call us today at 607-324-7500
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Part 7 – Designing a Value-Driven Insurance Plan
Part 6 – Advice, Advocacy, and Answers
Part 5 – Can Your Company Deliver?
Part 4 – Custom Coverage = Real Protection
Part 3: Coverage Limits - "The Ceiling You Don't Want to Collapse"
Part 2 – The Risks of Chasing Cheap
Part 1: What Are You Really Paying For?
Insurance fraud is a significant problem, exceeding $300 billion annually, with the Property and Casualty sector contributing nearly $50 billion to that total.
Living in New York, you might have a stack of insurance documents—auto, homeowners, health, or life insurance policies—filed away somewhere. But how long should you keep those documents, and specifically, what papers should you hold on to?
The year 1962 was marked by historic events—from the Cuban Missile Crisis to the passing of Marilyn Monroe. But while the world focused on these headlines, Lee A. Ryan was working alongside his brothers on my grandparents' farm when an unexpected opportunity arose—an invitation to join the insurance business. With no prior experience, no clients, and limited resources, my dad took a leap of faith and partnered with Nationwide Insurance to start an agency from scratch. Operating out of his home on Karr Valley Road in Almond, NY, he built his business one relationship at a time (some of whom are still clients!), laying the foundation for what would become a lasting legacy.
