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Q: Is it possible to have a car title in your name but have it insured under your parents policy?
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What is the difference between a Title policy and a Title Commitment?

A Title Commitment is a result of a title search of the public records. It carries no liability and does not insure the addressee of the accuracy of the information. A Title Commitment is written in anticipation of a future Title Insurance Policy. A Title insurance policy insures someone or some entity against a possible loss. Example: John Smith purchases a property and he has title insurance and the policy is dated Jan 2, 2008. John Smith insured by the title insurer that he has free and clear title subject to the exceptions in his title policy. TitleExaminer237 http://sites.google.com/site/michigantitleexaminerportal/


Can you insure a car titled to your son Or will it have to be in the parents name He will be listed as principle driver of the car on the parents policy Would this effect an accident claim?

The vehicle must be insured by the person whose name appears on the title. Only the person who holds the title/deed to property has insurable interest in said property, thus they are the only ones who can take out an insurance policy to protect it. If the parents wish to insure the vehicle on their policy, they must have the vehicle re-titled in their name and add the vehicle to their policy. Their son may be added to the policy as the vehicle's principal operator.


If you purchased property and the survey was incorrect by 25 acres what does the title insurance do?

The title insurance company is liable for the legal description that was insured at market value/amount of your policy


Can i have a car and title under my name and be added to my fiance's insurance policy without the car legally becoming his?

yes, the insurance policy is different from the car title (title is government, insurance is business) in most states, if you live together, you are both required to be insured on the car.


Can you insure a car whose title is under your name and then change the name on the insurance to your parents if they transfer the title to them?

Your parents would need to add the car to their own policy.


If you're a student and moving out of state to either Illinois or Iowa from MN do you need to change car insurance if the title is still in your parents' name and is under their policy?

From what i understand, the vehicle can stay registered and insured in the home state to remain the same as the title holder or lienholder, you are basically using a borrowed vehicle, that makes you not responsible for the registration and insurance


Can you get auto insurance on a car if your name isn't on the title?

No. You need to have an insurable interest in the vehicle. (Rough) Example: If you could be the insured party on any car you didn't own, you could claim that car was written off and get a payout that wasn't due to you. Actually, when I was 18, I was co-insured on a car that was not in my name. Not added to a policy, but my name was actually on the policy with the owner of the car even though my name was not on the title or registration.


Will title insurance transfer with inherited property?

Yes, anyone who takes title by operation of law, inheritance for example, is an insured under the title policy No. Title insurance is non-transferrable. The coverage is only for the life of a loan (Mortgage Policy) or from conveyance to a new owner from the current owner (Owner Policy). Even if the property you inherited had been "in the family" for years, it is still wise to have a property search done on the property to make sure it is free of liens and possible claims. Once you know the true status of it, you can make the decision to purchase an Owner's Policy to insure your interests against prior owners. If you are not keeping the property, intending to sell it, you'd want to know the status of the title so you didn't have surprises later on at the closing table. The fact that you are inheriting the property does not guaranty clear title.


What can happen in case of an accident if a car was insured without title?

title has no effect. insurance takes precedent.


Does the title company represent the seller or the lender?

Neither. The title company represents itself. A POLICY is issued for either a Loan/Mortgage Policy covering the Lender's interest in the property when a loan requires title insurance by the Lender. An OWNER'S Policy is issued to the new buyer should they choose to take out an Owner's policy to cover prior owner's acts that could affect the property. An Owner's Policy may also be used when a current owner makes substantial improvements to a property. For example, you inherited an empty lot from your parents, who inherited it from their parents. 2 years later you decide to build a house on it, using cash. The value of the lot originally was $1000.00 The new value of the property with improvements will be $125,000.00. Since title work was never since before your grandparents owned it, you decide to have the property searched and insured under an owner's policy since the value of the property is considerably higher than the original lot value. Title companies INSURE property risks. Therefore they represent themselves as an insurance agent/company. A buyer, seller, current owner can be respresented by themselves (pro se) or by legal counsel only. Title agencies and title companies, by law, cannot offer legal advise.


Can a totaled motorcycle be insured again?

yes it is called a salvaged title


What title do the children of nobility have?

Depends on the rank of the parents. They inherit the title when the parents die.