| Message |
Author |
|
 Posted: Wed Jan 30, 2008 7:48 pm Post subject: what kind of car insurance and for who |
|
|
Hi I'm trying to figure out who needs to get insurance on a car and for how much?
Ok I inherited a car-that I am not going to drive (its a straight drive) I know I should just sell it but I don't want to yet. I think I am either going to let my boyfriend (30 years old) or my little bro (18 years old) drive it or possible they can share. It is a crappy car but it gets good gas mileage.
I now have a lot of assets I need to make sure are protected...ie if they get in a wreck I don't want to be sued. Both boys will dog this little car, I don't trust either one of their driving. However, I think just sitting in the driveway probably isn't good for it either.
What people need to be insured and what limits should I get. I have my own policy, my boy friend has his own policy and my little bro shares a policy with my mom and step-dad |
|
LMAbernathy
New member
Joined: 08 Jan 2008
Posts: 12
7.83 Dollars($)
|
|
| Posted: Wed Jan 30, 2008 8:02 pm Post subject: |
|
|
Most states the owner can be held liable for the use of the vehicle but there are some states where they cannot (short of negligent entrustment). If you as the owner can be held liable there are two ways of insuring the vehicle. You can add it to your policy with each person listed as a driver/insured or you can have it listed under another person's policy with you listed as an insured/"driver".
You're asking what limits? Can't really say without knowing _something_ about your financial situation... which is why I think you really need to speak to a local agent. I see no reason to have different limits then you have now.. unless those limits are not correct for you driving either.
Do you trust these people who will be driving the vehicle? You could sign the title over to them and not have to worry about it, with the condition that they would sign the title back over. I have a feeling this is not a good idea based on your comment about not trusting their driving.[/left] |
|
tcope
Forum Expert
Joined: 22 Nov 2006
Posts: 5070
Location: Salt Lake City, UT
273.06 Dollars($)
|
|
| Posted: Thu Jan 31, 2008 12:04 pm Post subject: |
|
|
I am with you on this one tscope, if I did not trust them, I would put their names on the title since it is a crappy car anyway, I would not risk what I have if they are irresponsible. It probably won't last long anyway if they are going to dog it.
Let them have it through titling and then let them insure it.   |
|
goodnatured
Senior member
Joined: 04 Nov 2007
Posts: 1213
0.07 Dollars($)
|
|
| Posted: Thu Jan 31, 2008 1:47 pm Post subject: |
|
|
| yeah but then I have to decide who to give it to and they will want me to just give it to them. The car is still worth 1500-2000 bucks |
|
LMAbernathy
New member
Joined: 08 Jan 2008
Posts: 12
7.83 Dollars($)
|
|
| Posted: Fri Feb 01, 2008 9:53 pm Post subject: Giving the car to them can be cheaper |
|
|
| Quote: | | I now have a lot of assets I need to make sure are protected. |
With a "lot" of assets now the $1500 or $2000 bucks you say it is worth is probably not a big factor for you. Getting the auto out of your name and into one of their or both for that matter could be the cheapest route to go. And if the $1500 or $2000 bucks is an issue then you might just sell it outright to someone else and explain that the cost of insuring it would place an undue hardship on you.
_________________
A simple smile, or one kind word can often times give a flicker of hope to someone who's lite has all but gone out. |
|
mega
Preferred member
Joined: 23 Jan 2008
Posts: 113
1.31 Dollars($)
|
|
| Posted: Fri Feb 01, 2008 10:45 pm Post subject: |
|
|
| So we all pretty much agree, put it in their names. |
|
goodnatured
Senior member
Joined: 04 Nov 2007
Posts: 1213
0.07 Dollars($)
|
|
| Posted: Sat Feb 02, 2008 1:46 am Post subject: |
|
|
| I was all agree then I'm going to be forced to change my mind. Otherwise I'm prettu sure a hole in space/time would be torn open. |
|
tcope
Forum Expert
Joined: 22 Nov 2006
Posts: 5070
Location: Salt Lake City, UT
273.06 Dollars($)
|
|
| Posted: Sat Feb 02, 2008 1:28 pm Post subject: |
|
|
?----if you have 'alot of assets' (good for you by the way)....either do not let these people drive the car....sell it to them...give it to them (get your name off the title)....or put high high liablity limits on it.....and make sure you pay the premium they can pay you back, just make sure it is paid.....you don't need collision/comp on it just the state madated coverages, but with high limits...
_________________
"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. |
|
Lori
Moderator
Joined: 10 Sep 2007
Posts: 8173
Location: Missouri
287.90 Dollars($)
|
|
| Posted: Sat Feb 02, 2008 6:48 pm Post subject: |
|
|
well...............sorry don't you think your query is little too complicated?
_________________
INDIAN_TUSHAR
Earn Money Here..
www.indiancashmaker.in |
|
tusharagg87
Senior member
Joined: 23 Dec 2007
Posts: 207
Location: india
12.79 Dollars($)
|
|
| Posted: Sat Feb 02, 2008 9:55 pm Post subject: |
|
|
| Why would it be any more complicated than other? LOL |
|
goodnatured
Senior member
Joined: 04 Nov 2007
Posts: 1213
0.07 Dollars($)
|
|
| Posted: Sun Feb 03, 2008 6:31 am Post subject: |
|
|
| Save yourself the grief and sell it.Thats my opinion.Usually when you try to do something like that ,you are always the person who gets left holding the smoking gun.Know what i mean? |
|
hummingbird
Senior member
Joined: 04 Dec 2007
Posts: 609
3.48 Dollars($)
|
|
| Posted: Sun Feb 03, 2008 10:31 am Post subject: |
|
|
| That is a good point hummingbird, she could sell it. But if it is crappy, she won't get much out of it. She could just put it in their names and be done with it all too. Then they won't be borrowing her car, lol. |
|
goodnatured
Senior member
Joined: 04 Nov 2007
Posts: 1213
0.07 Dollars($)
|
|
| Posted: Sun Feb 03, 2008 5:26 pm Post subject: |
|
|
| Thats a good point too. So she has 2 options .Mine being the less headache for her....lol Why not just sell it to them? I am thinking like this ,if it is a crappy car and they will tear it up anyway,then they will be nad at her cause she either sold them a crapy car or they wasted all that money for insurance and the car is broken.Oh well, all the options are here so she can make a good decision.She needs to look out for herself though in this and not worry about the others.Some people are not appreciated for what they do but what they didn't do is always an issue. |
|
hummingbird
Senior member
Joined: 04 Dec 2007
Posts: 609
3.48 Dollars($)
|
|
| Posted: Wed Feb 10, 2010 2:14 am Post subject: excluded driver |
|
|
we were hit by a car that had insurance but the driver was excluded from the policy so there ins will not pay can we sue the registered owner of the car for negligemnt intrusrment are just the driver. if so how do we go about wording the suit.
_________________
Register Now to have your Insurance queries solved. |
|
clothesect
Guest
|
|
| Posted: Wed Feb 10, 2010 6:00 am Post subject: |
|
|
If you file suit, you file it against the driver and the owner. State law may only allow you to sue the driver but this does not concern you... it's one complaint and you can simply two one, two, fifty name in the "defendant" spot.
If you are going to file in small claims court you obtain the correct paperwork from the court, fill it out and then server the driver and owner. You also file with the court. You should also be able to obtain this information at the courthouse or online for your area. There is also a clerk at the court that can give you the correct forms and some information. They can help with the filing though.
Keep in mind that you obtain a judgement from the court. Not money if you win. You then have to attach that judgement in some way. |
|
tcope
Forum Expert
Joined: 22 Nov 2006
Posts: 5070
Location: Salt Lake City, UT
273.06 Dollars($)
|
|
