by higginbothan_jamie » Fri Jun 04, 2010 03:32 pm
im 18 years old and some people told me that because i still live with my parents that there car insurance will cover me if my car is in there name because they have full coverage insurance
Posted: Fri Jun 04, 2010 03:50 pm Post Subject:
This question is so open ended (and it's not really a specific question either) that it's not possible to give a good answer.
If you live with your parents and have a drivers license you should be listed on their policy. If you are not, you are _always_ taking a risk that their policy won't cover the loss in anyway.
Posted: Fri Jun 04, 2010 06:45 pm Post Subject: insurance
My son isn't driving yet, but,.....when he gets his DL, and he drives my car, isn't this the reason why I DO have Liability or Collision, to cover him while he is driving my car?
Posted: Fri Jun 04, 2010 07:26 pm Post Subject:
isn't this the reason why I DO have Liability or Collision, to cover him while he is driving my car?
Yes. If I pay for 1 widget is it fair that I take 4 or 5? I did pay for a widget.Perhaps a bad example but you are entering into a contract.... payment for service. Part of this contract states that you need to tell your carrier about certain people in your household. This is far as anyone who has a drivers license has it for a reason... to drive a car. What car are they going to driver... the one they have easy access to all of the time.
You can't expect an insurance company to cover a risk that they are not collecting a premium for.
I won't get into the details but someone living in the household and who is not listed on the policy _might_ still be covered but as I mentioned, this is always a chance.
Posted: Fri Jun 04, 2010 07:45 pm Post Subject: Teen driver named insured
If you are a named insured on your parents policy, you're fine. If not, it get's pretty dicey. Best bet is to stay on your parents policy as long as you can.
Posted: Sat Jun 05, 2010 04:32 pm Post Subject:
My son isn't driving yet, but,.....when he gets his DL, and he drives my car, isn't this the reason why I DO have Liability or Collision, to cover him while he is driving my car?
Wonder why insurers ask the question: How many persons over the age of 14 are living in your home? It helps to identify the 18 year olds that either need to be added to Mom & Dad's policy or excluded and need to have their own, and it also identifies those "up and coming" drivers yet to be licensed who will need to be added or excluded in a few years, too. It is also intended to identify roommates or tenants that need to be excluded.
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