say you have 300 CSL, and you lend your friend the car who has no car insurance.
He hits and injures someone for 500k.
Your insure covers 300k now who covers the next 200k? your friend (who is broke and have nothing to liquidate) or you who owns a house and a business etc...
He hits and injures someone for 500k.
Your insure covers 300k now who covers the next 200k? your friend (who is broke and have nothing to liquidate) or you who owns a house and a business etc...
Source of insurance-forums.net
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