by Guest » Sat Dec 31, 2011 01:54 pm
Family member remained on title as title owner and I was put on as registered owner. I've been trying to get insurance and family member said they cancelled policy but I was unable to insure since it was not cancelled and still active. The reason for remaining on as title owner is they wanted to make sure the remaining $200 was paid. My agent tried to transfer policy since we both use same company and she was unable to do so. The next day car was in accident and claim has been filed but title owner keeps saying they're not covered which is not the case and I wasn't issued ticket for no insurance since police said car is insured. Where do I stand? As it is now relative is significant off on title since my agents underwriters will not write policy unless they see that it is not dual covered by title owner and myself and that interest of title owner is signed off. They're saying they are a leinholder but I was only required to get liability which I have been trying to do and talked with family member several times where they were adamant no coverages exisits. I am hearing all different things so any advice? Like I said I'm getting title in a few days from relative so I can show my agent so I can get insurance. It's been a big, big mess.
Posted: Mon Jan 02, 2012 03:42 pm Post Subject:
Since you were the registered owner, why did you not apply for non-owner’s auto insurance? It would have been proof of liability and it would have covered the accident. Why not just pay the remaining $200 and assume ownership of the vehicle? Since you were driving a car that belonged to someone else, it will be the owner’s liability. If you possibly can, find out your owner’s insurance company and inquire about the policy and the details of it. Since the cops said that there is insurance on the car that was wrecked, you can ask your relative to file for the claim once you have found out if the policy is still in effect.
Posted: Tue Jan 03, 2012 01:30 am Post Subject:
Too much misinformation circulating here.
A registered owner has insurable interest and may insure their vehicle as owned property. It does not have to be insured as non-owned property. Just because the legal owner is not a bank or other commercial lender doesn't change the scenario.
If the insurance company says coverage was in force, it matters not what the legal owner says or thinks, and the claim will be paid by the insurance company.
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