by Guest » Fri Dec 08, 2006 07:29 am
Guys, I have a query. In this case, we have a teenager in our neighborhood whose parents own cars in their names. Both of these vehicles are licensed. Now we are wondering who'll cover for his auto insurance once he gets a license, especially when his parents are filing for a divorce! All suggestions are welcome and thanks, Billy_Jones30
Posted: Fri Dec 08, 2006 07:42 am Post Subject:
Hey..lets watch out for a parent who gets termed by the court as the 'legal domiciliary'. It would also take into count a number of factors like - which of the parents have the company of this child more and that would perhaps be reason enough to get him enlisted as an occasional driver to one of the vehicles which is in possession of this parent. Hope you got it well! Now lets hope for the best, eastwoodpkway
Posted: Fri Dec 08, 2006 08:19 am Post Subject:
Yes, there has to be a primary residence where the teenager would reside with his legally responsible parent. Then it would surely be a possibility for him to achieve an easy access of one of the vehicles belonging to that household. Regards, Sasha T
Posted: Fri Dec 08, 2006 08:44 am Post Subject:
Hi all! I agree to all thats been said but don't forget that there could also be variations of the situation as well. and believe me this can cause confusions for the insurance co. of the child's parent with whom he is not enlisted as a driver. Imagine a joint custody, where in each of his parents are liable towards his responsibilities as he spends one half of his time with both of them. Thats all I wanted to say.
Jefferson_hope
Posted: Fri Dec 08, 2006 09:14 am Post Subject:
Hi, its normal as they might just get confused while transfering one parent's policy into another's. Even though one parent's insurer chooses the other company, the company might just decline the coverage. What about that ? regards, Shirley Morrison
Posted: Fri Dec 08, 2006 09:53 am Post Subject:
hmm...its not bad! But guyz lets also consider some extreme outcomes!
What if we come across a situation where in theres a possibility that the parent who was intitially carrying the child's insurance be asked to continue with it or accept a driver's exclusion as an alternative indicating that no vehicle insured by that parent would be covered while the teenager drives it and this includes even an emergency situation. What a deal! Mary Legry
Posted: Fri Dec 08, 2006 10:31 am Post Subject:
Hi!
I feel such a scenario is worthy of making some researches. A little bit of planning might just see us through. I feel we should concentrate more on the 'time' factor rather than anything else. Once the child settles down in the new household then only he might get licensed. This is actually what should be recommended while we are anticipating a change in the custody or the living conditions. Lesser the number of changes in that scenario, lesser the chances of raising insurer's questions.
All the best. Fatman
Posted: Wed Dec 20, 2006 08:15 pm Post Subject: investment insurance policies
Anyone heard of and invested in an investment insurance policies... This is policy where people put a lot of money into a life insurance policy for mainly investment purposes but insured on someone's life with you being the owner.
I heard Lafayette Insurance and another company writes them. Want to know if anyone has had any bad experience with this kind of program.
Thanks,
Posted: Wed Dec 20, 2006 08:17 pm Post Subject: me again
If you have some info, please write me back at "lifewmeatyahoo.com"
Thanks,
email address deactivated as per forum rules, thanks
Posted: Thu Dec 21, 2006 04:39 am Post Subject: Do I remember right?
Hi Phoenixgirl,
If I remember correctly, one of my relatives had come across this company a few years back. I will get back to ya once I have all the details. For the time being, why dont you check out their official website here:
llic.com
Thanks,
Melinda_Urfrnd
Posted: Thu Dec 21, 2006 06:02 am Post Subject: Welcome!!
Hi Phoenixgirl and Melinda_Urfrnd,
Good to see your participation in the community and its also noticeable that our users are helping each other. Hey, but I dont see you both as members yet. :D
Please use the sign up form and help the community grow.
Also, you are always welcome to start new threads on anything on Insurance so that the users can relate to them and get their queries solved.
Looking forward to your active participation in the days to come.
Thanks,
Evan
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