I am taking over the payments on my Dtrs car. It have a lot owed against it and she requirements out from under it for in a minute. Long story on how the car get so upside down. There is no way to cart out another loan on the car and put it within my name due to the payoff self a few thousand dollars more than the car is worth. If the saloon is still in my Dtrs signature, how does the car insurance work? Do we make a payment it to our policy or does she get us on her policy?
Answers: since the title is going to remain surrounded by your daughters name, SHE must hold the policy in her signature. If you want to just join the car to your policy, you must also make a payment her as a NAMED insured on the policy. Since the car will be garaged at your home and driven by your son, you will inevitability to have him along next to other members living within the home on the policy as drivers.
I WOULD SUGGEST THAT YOU JUST CALL YOUR INSURANCE COMPANY AND ASK THAT QUESTION... THAT WAY YOU WILL KNOW FOR SURE WHAT YOU NEED TO DO! if she is going to be driving the car and she already have it insured what differance does it make who pays the bill? the sports car and insur. are both in her signature. only root insur. co. need to take involved is if name on saloon or driver changes. who settle up the bills is no ones business.
Answers: since the title is going to remain surrounded by your daughters name, SHE must hold the policy in her signature. If you want to just join the car to your policy, you must also make a payment her as a NAMED insured on the policy. Since the car will be garaged at your home and driven by your son, you will inevitability to have him along next to other members living within the home on the policy as drivers.
I WOULD SUGGEST THAT YOU JUST CALL YOUR INSURANCE COMPANY AND ASK THAT QUESTION... THAT WAY YOU WILL KNOW FOR SURE WHAT YOU NEED TO DO! if she is going to be driving the car and she already have it insured what differance does it make who pays the bill? the sports car and insur. are both in her signature. only root insur. co. need to take involved is if name on saloon or driver changes. who settle up the bills is no ones business.