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If my boyfriend bought a car and placed me as the buyer and he the cosigner. He is the primary driver and makes t payments. Do I have to be under that car's insurance even if I have my own insured car?
Wiki User
∙ 12y ago
Yes you do, because the vehicle actually belongs to you. Your boyfriend shouldn't be able to get insurance on it without you being on the policy since you are the primary owner of the vehicle. Please know also that whatever happens with that vehicle while your bf is driving still makes you as the owner liable for any accidents or other harm that may come to someone else or their property.
If you have speeding tickets or accidents that will cause the insurance premium to go upand have a policy with a different company, you need to show the insurance company that you have another policy and are already being charged for them. They can't charge you again for the same offenses that the other insurance company is charging you for.
Wiki User
∙ 12y ago
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Should a cosigner be named as additional insured on auto insurance policy?
Yes
Is your boyfriend insured driving your car?
You need to add him to your insurance or he must have his own. Your boyfriend is not automatically insured.
If you get a cosigner for a new car and you crash it can they be held responsible?
If you're insured, the insurance company should take care of the damages, but to answer your question: You're responsible just for the car payments in case the primary owner can't make them.
Can a cosigner take the primary borrower to court to get possession of the car that the primary has made all the payments on and the car is insured and registered to the primary?
No.
If an insured driver with permission from an insured car's owner gets into an accident will the driver or the owner be responsible for payments?
the owner of the car with insurance will be responsible
What is a description of an annuity?
the insured agrees to make a lum-sum payment or series of payments to an insurance company
Can you get insured on your boyfriend's car if you do not live together but you use the car the most?
The owner of the vehicle buys the insurance -- for the vehicle. Cars are insured, not drivers.
When the primary owner is deceased and has life insurance on the loan and disability on the loan is the estate involved or does the cosigner just take over the payments?
If you have credit life on the loan, you should be able to supply the insurance company with a death certificate as well as with their claims form. Your purchasing dealership may help you. The insurance will not pay any late payments due prior to the death of the insured. In order to avoid problems, continue to make payments until they pay off the vehicle. The loan institution will refund all overpayments.
Which of the following is a description of an annuity?
the insured agrees to make a lump-sum payment or series of payments to an insurance company...
Is insurance an asset?
Insurance is there in the hope that you will never need it! For instance, having your home fully insured would be an asset if your house suffered a fire and was totally gutted. But, if you never suffer a fire gutted house, your insurance payments are outgoing payments that are not recoverable.
Is there a grace period for paying auto insurance in Maryland?
This depends on the company that you are insured with. You will have to ask them what their policy is regarding late payments.
Who can apply for HMO insurance?
Anyone who can afford the payments can apply for HMO insurance. Many people can apply for HMO insurance through their employer. People can even get HMO insurance themselves and be self-insured.
