by Guest » Mon Feb 13, 2012 08:51 pm
I had given my ex boyfriend possesssion on my car, because I could no longer make the payments. He makes the payments on the car, and carries full coverage on the car. The car however, is still in my name, and titled to me.
He recently allowed me to borrow thw car to go to work, I usually ride with friends. On this paticular day, I was invvolved in an accident. No other vehiciles were, just me. There is some damagee to the car, but the insurance company sent him a reservation of rights letter. A week has past and still nothing, I sent them copies of recent bills, and a piece of legal paper work showing my address is different than his.
Is there anything else I should do, or just sit back and wait to see what they decide.
He recently allowed me to borrow thw car to go to work, I usually ride with friends. On this paticular day, I was invvolved in an accident. No other vehiciles were, just me. There is some damagee to the car, but the insurance company sent him a reservation of rights letter. A week has past and still nothing, I sent them copies of recent bills, and a piece of legal paper work showing my address is different than his.
Is there anything else I should do, or just sit back and wait to see what they decide.
Posted: Mon Feb 13, 2012 08:55 pm Post Subject:
On the ROR letter, it say reason:
Driver not listed on policy
Posted: Tue Feb 14, 2012 06:29 am Post Subject:
They have up to 30 days to make a decision or inform you as to the status of the claim.
Let me see if I have this correct... you own a vehicle that your ex-boyfriend has and is making payments on, he insures the vehicle, and you live at different addresses and you are not listed on the insurance policy. That right there is an accident waiting to happen. If you can't make the payments on it, have him get a loan and buy it from you.
As the letter states, there is a coverage issue as you have access to the vehicle (as you own it) and you are not listed on the policy. What are the chances that the owner of a vehicle will... actually drive it? I'd say about 100%. Yet the insurance company is not collecting a premium for this risk.
You are going from a terrible situation (mentioned in the 1st part of this post) to a much worse situation (second part of the post).
Posted: Tue Feb 14, 2012 06:45 pm Post Subject:
I do not have access to it when ever I want to use it. I have no keys. The only way I can use it is with his permission, there is only one key with a magnet in it. He took over my payments instead of getting a loan ( which would be ideal) because he can't.
Posted: Tue Feb 14, 2012 06:54 pm Post Subject:
If you "own" the vehicle... you have access. This accident is proof of that.
If you can't get a loan that means a bank (who is in the business of knowing who has the ability to pay and who does not) thinks there is a very good chance he won't make the payments as required. What are you going to do when he has this vehicle and stops making payments to you? What are you going to do when the vehicle you own is in an accident and you then discover that he's not made the insurance payment? What are you going to do when he gets into a serious accident and _you_ are held liable as the owner of the vehicle?
You are also not listed on the insurance policy as you should be.
As I've said, this was a train wreck just waiting to happen. Trust me... I've seen it a million times before. You started off in a hole (not being able to afford to pay for a car you bought) and got deeper into that hole by giving the car to an ex-boyfriend.
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