nonowner insurance for the boy is that the way to go
Total Comments: 19
Posted: Fri May 29, 2009 02:22 am Post Subject:
And why do you say that? Personally, I don't think it's at ALL the way to go, and most insurers won't accept that if the boy is living in his parent's household.
InsTeacher 8)
Posted: Fri May 29, 2009 04:15 am Post Subject:
Hi bigdrebl,
I guess he could well be covered under his parents' policies till he's 19.
Don't you think it would be much better if the boy is listed in either of his parents' policies?
Steven
Posted: Fri May 29, 2009 04:21 am Post Subject:
I think the OP is referring to automobile insurance, which has no age restrictions in the sense you are referring to, Steven. He can be carried on his parent's auto policy forever as long as he lives in the household.
InsTeacher 8)
Posted: Fri May 29, 2009 05:39 am Post Subject:
Hi bigdrebl,
nonowner insurance for the boy is that the way to go
Why do you want nonowner's policy?
I think you need to elucidate your query otherwise it would create confusions amongst the members.
Posted: Fri May 29, 2009 09:45 am Post Subject:
Hi bigdrebl
nonowner insurance for the boy is that the way to go
Is this your boy? Whose car is it? If it is your car and your boy, you could simply list his name on your policy.
If the boy isn't listed on his parent's policy, he can still purchase a non owners insurance that will cover him for liability, medical payments, and uninsured motorist coverages. But OP you really need to give us more information regarding this.
Posted: Fri May 29, 2009 10:55 am Post Subject:
nonowner insurance for the boy is that the way to go
I don't think all states even offer this...(never seen it in my state)....if he's licensed, and living in a home with autos...he'll likely need to be added as a listed driver (or excluded if possible) from a vehicle in the home...
OP, you REALLY need to provide more info if you seriously want some advise..
Posted: Fri May 29, 2009 10:58 am Post Subject: insurance
I live in PA. I don't remember my Insurance company telling me about a policy like THIS. My son is 16 now. However....she DID say when he starts driving to add him to my auto policy.
Posted: Sat May 30, 2009 07:40 am Post Subject:
Non-owner coverage, sometimes called "broad form" coverage, isn't commonly available. It's definitely out there, and normally only through independent agencies. Captives never write this stuff as far as I know. It normally provides liability coverage only, and the insured cannot own a vehicle. Stressssssss that- the insured cannot own a vehicle.
If you've never run across this before, it's probably because you've only dealt with mainstream insurers and have never tried to buy this stuff. I ran into it only rarely, and it wasn't available from any of the preferred carriers who we ran with; only the non-standards like Viking and their ilk. You can probably get it from a GA/surplus lines, too, although we never used our GA guys for anything but cool stuff and really crappy non-standard properties. Twice the premium for half the coverage...gotta love it.
As far as buying this instead of adding junior to the parent's policy, it usually can't (and shouldn't) be done. Most parents carry decent (standard or preferred risk) coverage and those policies normally require "all residents of the household" to be declared and named in the declarations. Purposeful evasion of this can result in big-time problems for mom and dad as well as junior.
InsTeacher 8)
Posted: Mon Jun 01, 2009 04:27 am Post Subject:
Teacher,
It normally provides liability coverage only
I think I've come across this information somewhere that non-owners policies may also offer UM and PIP coverage. Can you confirm it for me?
Posted: Mon Jun 01, 2009 04:40 am Post Subject:
Most parents carry decent (standard or preferred risk) coverage and those policies normally require "all residents of the household" to be declared and named in the declarations.
I also feel that it would be far more economic than buying separate coverage for the young driver.
Most probably the OP had thought that getting a separate policy for the boy would help reducing the expenses towards auto policies. But would suggest that he should compare the rates of adding the young driver to the existing policy vs getting him a separate one before taking decision.
Posted: Fri May 29, 2009 02:22 am Post Subject:
And why do you say that? Personally, I don't think it's at ALL the way to go, and most insurers won't accept that if the boy is living in his parent's household.
InsTeacher 8)
Posted: Fri May 29, 2009 04:15 am Post Subject:
Hi bigdrebl,
I guess he could well be covered under his parents' policies till he's 19.
Don't you think it would be much better if the boy is listed in either of his parents' policies?
Steven
Posted: Fri May 29, 2009 04:21 am Post Subject:
I think the OP is referring to automobile insurance, which has no age restrictions in the sense you are referring to, Steven. He can be carried on his parent's auto policy forever as long as he lives in the household.
InsTeacher 8)
Posted: Fri May 29, 2009 05:39 am Post Subject:
Hi bigdrebl,
nonowner insurance for the boy is that the way to go
Why do you want nonowner's policy?
I think you need to elucidate your query otherwise it would create confusions amongst the members.
Posted: Fri May 29, 2009 09:45 am Post Subject:
Hi bigdrebl
nonowner insurance for the boy is that the way to go
Is this your boy? Whose car is it? If it is your car and your boy, you could simply list his name on your policy.
If the boy isn't listed on his parent's policy, he can still purchase a non owners insurance that will cover him for liability, medical payments, and uninsured motorist coverages. But OP you really need to give us more information regarding this.
Posted: Fri May 29, 2009 10:55 am Post Subject:
nonowner insurance for the boy is that the way to go
I don't think all states even offer this...(never seen it in my state)....if he's licensed, and living in a home with autos...he'll likely need to be added as a listed driver (or excluded if possible) from a vehicle in the home...OP, you REALLY need to provide more info if you seriously want some advise..
Posted: Fri May 29, 2009 10:58 am Post Subject: insurance
I live in PA. I don't remember my Insurance company telling me about a policy like THIS. My son is 16 now. However....she DID say when he starts driving to add him to my auto policy.
Posted: Sat May 30, 2009 07:40 am Post Subject:
Non-owner coverage, sometimes called "broad form" coverage, isn't commonly available. It's definitely out there, and normally only through independent agencies. Captives never write this stuff as far as I know. It normally provides liability coverage only, and the insured cannot own a vehicle. Stressssssss that- the insured cannot own a vehicle.
If you've never run across this before, it's probably because you've only dealt with mainstream insurers and have never tried to buy this stuff. I ran into it only rarely, and it wasn't available from any of the preferred carriers who we ran with; only the non-standards like Viking and their ilk. You can probably get it from a GA/surplus lines, too, although we never used our GA guys for anything but cool stuff and really crappy non-standard properties. Twice the premium for half the coverage...gotta love it.
As far as buying this instead of adding junior to the parent's policy, it usually can't (and shouldn't) be done. Most parents carry decent (standard or preferred risk) coverage and those policies normally require "all residents of the household" to be declared and named in the declarations. Purposeful evasion of this can result in big-time problems for mom and dad as well as junior.
InsTeacher 8)
Posted: Mon Jun 01, 2009 04:27 am Post Subject:
Teacher,
It normally provides liability coverage only
I think I've come across this information somewhere that non-owners policies may also offer UM and PIP coverage. Can you confirm it for me?
Posted: Mon Jun 01, 2009 04:40 am Post Subject:
Most parents carry decent (standard or preferred risk) coverage and those policies normally require "all residents of the household" to be declared and named in the declarations.
I also feel that it would be far more economic than buying separate coverage for the young driver.
Most probably the OP had thought that getting a separate policy for the boy would help reducing the expenses towards auto policies. But would suggest that he should compare the rates of adding the young driver to the existing policy vs getting him a separate one before taking decision.
~Jeremy
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