- 9,744
That doesn't do anything to address his parent's liability risk.
Son Moving Out
- Thread starter ajcstr
- Start date
That doesn't do anything to address his parent's liability risk.
Agreed, it was for the response of "I don't want him to have the car title."
Parents, go get an umbrella. You should have one anyway, in my opinion. Kid shouldn't have minimum liability. Hedge your risk or just don't give him the car.
G
Guest
Guest
he is 25, tell him to buy his own car.
Make him get his own insurance, but you can still pay it..
Make him get his own insurance, but you can still pay it..
fcorcoran
Expert
If you dont want the insurance comp to have an out if something happens, then you better keep him on the policy. If not then let him insure it on his own. The title doesnt matter. He is driving it everyday. That is insurable interest no matter who owns the car. Insurable interest doent just mean who owns the auto. You can have insurable interest in something without owning it. His insurable interest is that he needs that auto to make a living. If its gone, then he cant work. That is one form of insurable interest.
No, his parents would still be liable as a vehicle owner as they are on the title.
- 483
The title of this thread is misleading...
I thought is was a celebratory thing,
I only clicked to say CONGRATS!
I thought is was a celebratory thing,
I only clicked to say CONGRATS!
he is 25, tell him to buy his own car.
Make him get his own insurance, but you can still pay it..
Agreed. It's about time for junior to get an education on doing things for himself, even if you are providing the bankroll.
