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Is there a liability risk for parents of an 18 year old as far as automobile accidents go and should we sign the title over to her to reduce liability would like to remove her from ins policy?
Wiki User
∙ 17y ago
Yes, if she is in an accident on your policy you are responsible if she wrecks her car your rates will go up accordingly, if the accident goes to law suit you and her will be paying the price. If she is living in your house after an accident you will still pay astronomical prices for her even if she is no longer on your policy. You will have to prove she lives elsewhere before your insurance will go down. The best thing is for her to get her own policy, usually ins companies will discount hers if members of the family have policies written with them. It's the price to pay for driving privileges.
Wiki User
∙ 17y ago
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What coverage included in an automobile policy covers property damage?
Liability
Can a named insured be an excluded driver on an automobile liability policy in New Mexico?
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.
The coverage included in an automobile insurance policy that covers property damage is what insurance?
its liability insurance
The coverage included in an automobile insurance policy that covers property damage is insurance?
liability insurance. -twiggy.
The coverage included in an automobile insurance policy that covers property damage is what kind of insurance?
Liability Insurance
Do a 30 year old living with their parents have to be attached to their automobile insurance policy?
If the want to drive their parents care legally - yes !
Explain homeowners personal liability?
A personal liability, or umbrella, policy pays liability limits above those you can get on your homeowners or other basic liability policy. If you are thinking of buying a personal liability policy, begin by finding out the maximum amount of personal liability your homeowners policy provides. Make sure you coordinate the liability limits so that the umbrella policy covers any liability claim in excess of the amount your basic policy will pay, up to the maximum limits of the policy.
Does car insurance in Virginia pay for power pole in accident?
Provided your premiums have been paid and your policy was in effect at the time of the accident, an automobile's liability coverage will pay for any property damage you do in an accident, even if you run your car into a store front or knock over a power pole. The policy will pay up to the limit of the liability portion of the policy.
If a parent of an adult child is listed as co-owner of the car are they legally responsible for accidents?
Very possibly. Talk to a lawyer if you have concerns and buy a personal liability policy giving you a million dollars or more of liability coverage to protect your assets.
Does the cosigner on an automobile loan have to be on the automobile jnsurance policy?
Not in my state.
Components to liability coverage under an auto policy?
Liability Coverage under an auto policy has what components: Medical payments Collision Comprehensive None of these Liability Coverage under an auto policy has what components: Medical payments Collision Comprehensive None of these Liability Coverage under an auto policy has what components: Liability Coverage under an auto policy has what components:
What is the parent's liability if their child is the driver at fault in an accident?
If the vehicle is titled to the parents then little chance of removing liability from mom and dad. If child is titled owner, and has their own auto policy then very likely the parent's can separate their own liability.
