How does auto insurance work when you “loan” your car to another?
I have been thinking of “loaning” my car (which I own) to my 87 year old father. I would then lease a vehicle for myself. Then at the end of the lease period (let’s say 3 years) if he is no longer driving, the car returns to me. Can he purchase auto insurance on himself and the car or does it fall upon me and my policy? My father has an excellent driving record and so do I.
September 1st, 2010 at 4:02 pm
? L’ll have to get your own insurance for the car, or go aa? ADIRS your p? Conductor.Cualquiera plain as the two would work, but it could be m? S cheap (f? Cil) to you add to your p? liza existente.Su coverage (in most? a case) will not have? an to pay for any damage or caused or made by the car while Dad est? driving.
September 1st, 2010 at 4:32 pm
It depends on the company? To insurance. Some pol? Cies as the m? To (State Farm) cover the car no matter qui? No leads, if you voluntarily give the car (in other words, it was not stolen.) S Other insurance companies? What secure? the car if you are the driver, even excluding many other members in your home. If I remember asking him to identify other members of the household and you design? his father the first time you entered, which is probably what they were haciendo.Usted should be able to determine what applies in your case by reading the pol? tica. If you can not find or do not understand, call your agent aclaraci? N. Its located so you can be complicated? Nm? S because you may have problems to be considered the “main” driver cert? Ass, especially if you lease another at the same time as? that SEAGA? sure to explain this to your agent.
September 1st, 2010 at 4:54 pm
Call your company? To insurance to see if it can be a? Add to p? Fray or be? To cover for his. Each state is different as? ask. AND DAD GO! 87 and an excellent driving record, two things rarely go together.
September 1st, 2010 at 5:23 pm
? P l can buy? Arena for s? same in the U.S..
September 1st, 2010 at 5:33 pm
need to own or? added to the pol? information by the owner to cover.