Originally Posted by FSMike
If you borrow my car my liability covers you. I would think that is the case with most casual borrowing situations.
Exactly for most normal situations, this covers you. You can always find a situation where there is a higher payout that exceeds the insurance even if you buy your own. In reality the minimum is plenty for the vast majority of situations.
Where it gets touchy is if there is payment for use of the car.
- I'm a friendly guy and I let you borrow my car, it's covered.
- I offer to let you borrow the car for $20, it's not covered unless I buy commercial
insurance. (this is where uber runs into issues as most carry personal car insurance which doesn't apply to a commercial
operation, which they are.)
Countries outside the USA...it all depends.