Once the title is transferred to another person the insurance on that vehicle is null and void. The other party needs to purchase their own insurance. The only exception is if the new owner is your spouse or child who live in your home. Even in the case of an adult child they should have their own insurance policy.
In the United States, anyone who is able to get a driver's license can get car insurance. The driver's license holder must be have insurance in their own name, or they can be added to a primary driver's insurance.
no
the accident is cover by insurance if the driver did not have insurance but the owner dose then it should cover for uninsured motorist if the driver was not a excluded driver of the vehicle a excluded driver is like a relative that lives the the policy holder but is not on the policy as a driver
Yes. Being on the insurance doesn't make someone the car's owner. Only the deed holder or the lien holder can be classified as the owner and can claim that the car is stolen. yes
A named insured person can be an excluded driver on an automobile liability policy in New Mexico, if the policy holder wishes to remove a driver from the policy. The policy holder will have to notify the insurance company to make the changes.
Yes. See an attorney, before they sue you.
no the person that owns the car actually has to be the polcy holder. But you can be a listed driver and the one who pays it and get experience for having insurance. the owner of the car doesnt even have to be a driver. But because she/he owns the vehicle they have an insurance interest in the car and must own the policy
Yes. ... and no... the person that owns the car actually has to be the polcy holder. But you can be a listed driver and the one who pays it and get experience for having insurance. the owner of the car doesnt even have to be a driver. But because she/he owns the vehicle they have an insurance interest in the car and must own the policy.
is it a policy holder?
policy holder
The holder is the owner, In the case of Life Insurance , the person paid is the beneficiary .
If a motorist is injured by an uninsured motorist and the driver has uninsured motorist coverage the insurance carrier will provide coverage, if certain information is obtained on the uninsured driver. If a driver has Medical payment coverage or PIP coverage he or she and any passengers will be covered by the drivers auto policy Medical payment coverage.