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 Posted: Thu Jul 10, 2008 4:30 pm Post subject: If I am the primary |
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| If I am the primary driver of a vehicle, but not the registered owner, can I carry the vehicle on my own policy? |
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Lynne
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| Posted: Thu Jul 10, 2008 4:49 pm Post subject: |
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| Yes... but in some states the registered owner can be held liable as well as the driver. If so, you may want to ask your agent if the owner would be considered an insured under your policy. |
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tcope
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| Posted: Thu Jul 10, 2008 11:26 pm Post subject: |
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I would think that the owner would HAVE to be an inusred under the policy...what happens if the vehicle totals? Who we gonna pay? The owner, not the primary driver.
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Lori
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| Posted: Fri Jul 11, 2008 12:04 am Post subject: |
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| Quote: | | what happens if the vehicle totals? |
It's kind of a judgement call. IMHO - the named insured would need to be paid as it's that person's policy. The owner should also be included on the check as the carrier should protect their interest as well. But to each their own.
If the owner is considered an insured under the policy really comes into play if there is a liability claim. It then gets ugly. |
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tcope
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| Posted: Fri Jul 11, 2008 3:16 am Post subject: |
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| Quote: | | named insured would need to be paid as it's that person's policy |
But you can't do that because they can't sign the title over because they don't own it right?
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Lori
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| Posted: Fri Jul 11, 2008 5:22 am Post subject: |
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| It's a judgement call as to how an adjuster would handle the loss. But I see no reason why the owner can't sign the title and both of their names are placed on the check. Why can't both names be included on the check even if they can't sign the title? We both agree that the named insured's name is going to be on the check. I say put the owners name on the check to protect their interest in the vehicle. Granted, I don't see any legal need to protect the owner but as you said, what if they don't want to sign the title as they won't see any money? Also, should a "non-owner" benefit from being paid all the money by the carrier? |
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tcope
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| Posted: Fri Jul 11, 2008 10:56 am Post subject: |
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I agree if the owners name is on the draft, and they sign off on the title or owner retain..I thought you were saying you would or could just pay the insured driver leaving the (possibly non-named) owner off.
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"Never, never be afraid to do what's right, especially if the well being of a person or animal is at stake. Society's punishments are small compared to the wounds we inflict on our soul when we look the other way." Martin Luther King Jr. |
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Lori
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