09-18-2019, 04:08 AM
All depends on how the policy is written, and where. In California, comprehensive/collision and liability follow the vehicle. If you wreck a dealer’s bike, their insurance would most likely be primary, since they own the bikes, but their carrier would subrogate, meaning they’d seek compensation from your carrier for the damages they paid for after the fact.
Same basic deal with rental cars, or at least has been in the case of the rentals I’ve either covered or had the misfortune of damaging.
My point is, as a seller, make sure you know what your coverage is. The saddest claim I ever investigated was a lady who didn’t realize she was the only named driver on her own policy. She let a friend borrow her new car, and her friend wrecked it. There was no coverage in that case and the lady was stuck with it. She cried that her agent never told her she was the only person covered to drive her own car, but a quick glance at the policy declaration page spelled it out. Likely that her agent didn’t explain it clearly enough to her.
Same basic deal with rental cars, or at least has been in the case of the rentals I’ve either covered or had the misfortune of damaging.
My point is, as a seller, make sure you know what your coverage is. The saddest claim I ever investigated was a lady who didn’t realize she was the only named driver on her own policy. She let a friend borrow her new car, and her friend wrecked it. There was no coverage in that case and the lady was stuck with it. She cried that her agent never told her she was the only person covered to drive her own car, but a quick glance at the policy declaration page spelled it out. Likely that her agent didn’t explain it clearly enough to her.