Thanks, Bandit, for posting the information about cadets having to show proof of insurance to get a parking permit. I was confident that most were covered as they should be, and that makes me feel much better. However, they probably only have to have liability insurance because that is all the state mandates. Some people choose not to carry coverage that repairs their own car because of the age of the car and the cost associated with it.
We all know it doesn't take much damage to generate high repair bills. In our son's case, the car he borrowed had almost 200,000 miles on it, so the insurance company totalled it. However, if the cadet had not had insurance, we would have been buying the cadet a replacement car. That is huge when you think about the cost of borrowing a car vs. getting a rent car. However, the rent cars take planning in advance (reserve on a Thursday for the weekend) and lots of time C4Cs don't have much idea about what time they have available until shortly before.
By the way, our C4C had never had an accident before he had the one in the borrowed cadet's car.