List your wife and daughter as primary drivers of the cars they regularly drive and occasional drivers of others. If the company finds that you have been lying to them when you have a claim, you may discover that YOU HAVE NO COVERAGE and all the premiums you have paid were just a gift to the company.
They would need to have the vehicle refinanced in their name only or obtain another cosigner for the refinancing.
yes. plain and simple. you lent the car and then they are a permisable driver. As long as they are not n excluded driver or a resident in your house. It depends, if your policy is a named driver & the driver is not named, your policy will not respond. If your policy is a standard auto policy then yes, your policy will respond.
Yes, because then they have a vested interest in the property, whereas a cosigner usually has no legal rights to the vehicle and is only agreeing to assume the debt if the primary borrower defaults on the contract.
yes
If you are already running a loan, then you can take a loan from another bank not from the same bank. If still you want a loan from same bank, then you can get on your parents name.
The premium charged for auto insurance is determined by a number of factors. These include the identity, age, driving history, and other factors pertaining to the primary driver listed on the application. It is his/her operation of the vehicle that is principally covered by the policy. However, if it is the insured's expectation that another person will periodically operate the insured vehicle, that other person should be identified on the application, and be included in the scope of the policy issued as an "additional driver". Normally, an additional premium will be charged to account for the risk factors presented by that person's use of the vehicle.
Their insurance would be primary and your insurance would be secondary, generally speaking.
Answer 1: yes, my sister is borrowing my car and she her own insurance on it.Answer 2: You can always get insurance as an additional driver on another person's car insurance policy. Isn't that how children in the house are added to their parent's car insurance policy?
They would need to have the vehicle refinanced in their name only or obtain another cosigner for the refinancing.
At fault driver
Yes, All drivers in all 50 states are required to provide proof of financial responsibility when operating a motor vehicle on public roads. Whether you are a primary or secondary driver is not pertinent.
The driver's insurance will take the lead, if something extra is needed, the person who owns the car's insurance will be secondary. Both will be involved to some extent.
There is no Such Auto Insurance Policy. You would need a Primary Auto Insurance Policy on your own Vehicle and then an attached Umbrella Policy on top of it in order to get close to this.
Yes, You can add any person you wish to your auto insurance policy that you want to be a covered driver in your vehicle.
Your insurance will have to pay regardless if the other person has insurance or not. You were at fault.
The primary is the person who needs to borrow the money to purchase the auto. The primary owns the car. The primary is expected to pay back the amount of the loan.If the primary doesn't make the payments the co-singer promises to pay and the lender can go after the co-singer for full payment if there is a default.The primary is the person who needs to borrow the money to purchase the auto. The primary owns the car. The primary is expected to pay back the amount of the loan.If the primary doesn't make the payments the co-singer promises to pay and the lender can go after the co-singer for full payment if there is a default.The primary is the person who needs to borrow the money to purchase the auto. The primary owns the car. The primary is expected to pay back the amount of the loan.If the primary doesn't make the payments the co-singer promises to pay and the lender can go after the co-singer for full payment if there is a default.The primary is the person who needs to borrow the money to purchase the auto. The primary owns the car. The primary is expected to pay back the amount of the loan.If the primary doesn't make the payments the co-singer promises to pay and the lender can go after the co-singer for full payment if there is a default.
Auto Insurance follows the car not the driver. My son's girlfriend was driving his car when they where in an accident and his insurance was responsible.