Founders Insurance Co. v. Walker

Insured, who had liability coverage but not collision coverage, rented a car that was involved in hit-and-run accident resulting in damages to rented vehicle. Even if liability coverage included damage to rental vehicle, exclusion within that liability coverage applied, such that insurer was not obligated to its insured for damage to rental car. Exclusion states that policy does not apply to injury to or destruction of property rented to or in charge of the insured. This exclusion applies so that driver's insurer has no legal obligation to driver arising from this accident and thus no obligation to rental car company. (FITZGERALD SMITH and COBBS, concurring.)