Multiple Auto Carriers in One Household

[joshb]

Okay, I'll play along. Why would you keep the adult children on the policy? Does this lower or increase your personal liability? Can you back up your claim with actual case law?

I ask, because I've had this discussion a lot. I've even asked attorneys what would really happen, not what 'could' happen. Nobody has been able to point me to a single case where an adult child (over 18) has had an accident that went back to the parents if they were not on the parents policy.

Yes, its better to be safe. As an insurance agent, that is what we do. I'd just like to know if this is a real possibility or not, I have no idea.

I have had attorneys tell me the more separation you get (i.e., put the car in the kids name, own policy, etc), the better off you are. I've no proof that this is true either.

Dan

All you need is one death claim to find this out. As I stated in the example above, the lawyers attempted to go after my friend's parents, only SF denied the claim. There were more details to why they dropped the claim. I do not remember the entire scenario as it was several years ago, and I hadn't even graduated college yet.

 

[djs]

Of course the lawyer went after it. Of course SF denied the claim. All part of the process. I would have been more concerned if SF had paid the claim.

State Farm should have still defended them in this case. Hmm, wasn't really an auto claim to them though, so maybe not. Interesting side twist. Bottom line though is the lawyer went after something he couldn't (and didn't) get. The story would be one up for the fact separation does work, though you can still be sued.

Dan

 

[joshb]

Of course the lawyer went after it. Of course SF denied the claim. All part of the process. I would have been more concerned if SF had paid the claim.

State Farm should have still defended them in this case. Hmm, wasn't really an auto claim to them though, so maybe not. Interesting side twist. Bottom line though is the lawyer went after something he couldn't (and didn't) get. The story would be one up for the fact separation does work, though you can still be sued.

Dan

I think the issue is that they were still sued, and were left on their own with no defense from their carrier (rightfully so in my opinion). They got stuck paying their lawyer bills on their own. Although, if they had a Personal Umbrella it is my understanding it can drop down and cover defense costs, even if not a covered loss on the underlying auto.

 

[Sales71]

I think the issue is that they were still sued, and were left on their own with no defense from their carrier (rightfully so in my opinion). They got stuck paying their lawyer bills on their own. Although, if they had a Personal Umbrella it is my understanding it can drop down and cover defense costs, even if not a covered loss on the underlying auto.

Josh ur right about this anyone can sue. I was wondering if ur friend parents could have counter sue the guy for bull **** lawsuit and get there court cost back.

I try to sell pup to all my clients who listen to me. Its cheap. $300 a year for a mil.

On client used his for an auto claim and it was maxed out and paid 1,000,000 the good thing was company maxed out the claim at 100,000 for my loss ratio.

 

[knoxinsurance]

This all depends on the company as some require exclusions while other do not. A standard policy will require all residents be excluded or added as drivers. Insurance follows the vehicle so the policy that covers the car is the policy that is primary.