Who pays with car insurance in wifes name with title owner husband is sued for more than liability insurance?
This will of course vary by state. Typically after the insurance route is exhuasted then they go after the driver then owner. If married then both. Just remember they always ask for more than whats available. Your ins company should be negotiating on your behalf for a resonable settlement. They want this to be settled quickly. depending on what the circumstances of the situation is, one never knows what the outcome may be.
How do you obtain a boat title in new york if tha boat was giving to me for free with no title regy?
If you have a receipt from the original owner, you can pay to get a title and from there you can get the liability insurance you need. The title is not particularly needed, but in the case of theft or damage, it will provide you with documentation you need to recover it.
Title to real property is transferred to a new owner by a written document called a deed. Title insurance cannot be transferred to a new owner. Each owner must purchase their own title insurance.
No. Each owner must purchase their own title insurance.
Title insurance is protection that ensures that you are the proper owner of the property and that if someone comes forward with a valid claim to a portion of your property, the title insurance company may have to pay that person the value of the claim. In buying real estate you have to make sure that the seller truly owns the property in full with no defects in title. The title insurance company reviews the… Read More
Usually you can, you can buy it back from the insurance company for a "salvage" price, you will then have a salvaged title and wont beable to insure the vehicle with full coverage any longer only liability. Talk to the adjuster about it.
Title insurance is a specialized type of insurance that is not generally sold by insurance agents. It is usually provided by an attorney and underwritten by a title insurance company who specializes in this type of insurance. The title insurance company relies on statements and work done by the attorney when he does the title search and he has some liability for his work. You can't just decide that you want a title insurance policy… Read More
Get insurance, a tag and a the title in your name
What if the owner gave the car to a friend but the title was never changed over to the friends name then the friend gives the car to another person as a gift how does that person get the title put in?
The original owner has to sign over the pink slip to the person who has the car. What is described here begs the question of who has been paying for the insurance and registration. The total liability lies with the original owner. If one of the two people who have driven the car gotten into accident the registered owner would be the one who would have a problem.
Generally speaking, if the owner purchased title insurance the lien should be paid by the title insurance company. If not and the lien was recorded and missed in the course of the title examination the attorney who certified the title to the buyer should be contacted. Her malpractice insurance should pay the lien.
Can parents be sued for liability for a child on their auto insurance policy while a daughter drives her own car and is not living with parent and a title of her car is on her parent's name?
Yes, The owner of a vehicle is just as liable for an accident as the driver. Both the driver and the Vehicle owner are both jointly and severally liable for the cost of an at fault accident. Since you say the title is in the parents name, Then the Parents are in fact the legal owner of the vehicle as far as the state is concerned. The at fault driver is liable because they caused… Read More
Yes and no. Insurance companies, as a general rule, will not provide full coverage insurance for vehicles with salvage titles they will however provide liability only insurance.
Not typically. The insurance is typically in the name of the person to whom the car is registered and this is not always the name shown on the title.
There are two general types of policies, or combinations: lender's insurance (which pays the lender to cover its loss in security interest) and owner's insurance (which pays the owner in case of defective title).
A deed is used to transfer the title (ownership) of real property to a new owner. Title insurance is a way for the new owner to insure themselves from any loss resulting from any title defect that is discovered during their ownership of the property. The most common time that title defects are discovered is when you refinance your property or sell it. At those times the title is examined by the bank attorney or… Read More
Yes. He is the sole owner of the real estate and the sole owner of the debt.
generally,a personal vehicle is regitered (tagged) in the name of the owner shown on the vehicle's title. if her name is on the title,you can supply the funds to register but it will be in HER name. (same goes for insurance,policy will be in named owner shown on title.) a possible solution might be to re-title the vehicle in BOTH your names,your DMV or an auto insurance agent can tell you what the laws allow… Read More
A seller with no title insurance: If a person has offered their property for sale and accepted an offer to purchase generally the intelligent buyer's attorney will have the title to the property examined by a professional title examiner. If the title exam reveals a defect in the title and the seller was not covered by a title insurance policy then the seller must pay to have the defect resolved. Title defects can be very… Read More
You may have to add their name to the title as co-owner.
Does a co-owner of a vehicle who has never driven the vehicle have accident liability if his only reason for being on title was to get the vehicle financed?
You bet. If the other owner of the vehicle doesn't carry insurance on the vehicle -- or lets it lapse -- and has an at-fault accident, the injured party can certainly come after you as a part owner of the vehicle. If the other owner carries insurance, however, you're pretty safe. The insurance carrier handling the vehicle and any accidents will protect the owners' interests to the limits of the policy. If you know the… Read More
A Title Commitment is a result of a title search of the public records. It carries no liability and does not insure the addressee of the accuracy of the information. A Title Commitment is written in anticipation of a future Title Insurance Policy. A Title insurance policy insures someone or some entity against a possible loss. Example: John Smith purchases a property and he has title insurance and the policy is dated Jan 2, 2008… Read More
Can an abstract of title supplant title insurance particularly for a one owner home built in 2004 in Florida?
In modern days, an abstract of title is usually the title examination/search. Simply reading the title and giving a report on the condition of the title is not the same as buying title insurance coverage for a mortgage or owner policy. In earlier history of title, an abstract of title was the report on title that was handed down from owner to owner (this is before they started recording every transaction in the county/city records)… Read More
You have title and sale affidavit to a car you bought. Original owner trying to scam you got another title from DMV in an attempt to defraud you. Is your original title still good?
If you have the car,a reciept from previous,and the title in the previous name,it is legally your car.The previous owner may become charged with a class one felony.If you can show the state Liability was released to you upon sale to you,DMV may prosecute the previous owner for theft.
Some companies will let you buy liability insurance. almost none will offer full coverage. A salvage title means the car has already been totalled before.
My insurance provider, Hanover, told me that they would only write liability coverage, and not full coverage on my truck that was flooded and totaled in New Orleans.
What do you need to get your car out of inpound can I be the owner n have it insured in someone els name?
I will answer the second part first. The insurance and name on the title must be the same. The only allowance for a difference is when a husband and wife have two vehicles titled in each name but the insurance can be in both names. As far as getting a vehicle out of impound that will be determined by the local jurisdiction you are dealing with.
Private seller has title of used car that is being paid for by buyer does the buyer have to get full coverage insurance to register the car and get a tag for the car?
In my state you only need to have Liability insurance the get a title and register the vehicle. If, however you have a loan on the car the lender will require you to have full coverage.
You cannot. Once branded salvage or totaled, the title remains as such. There are illegal ways to convert a branded title (called title washing) but no legal way. Sorry! It depends on what you are really asking with your question. It is true that once the brand is on the vehicle that it was salvaged it will remain on the vehicle forever. But if you mean converting from a salvage title to a salvage rebuilt… Read More
kids play with their nipples if they want them hard when you get older.
Title insurance can protect and insure the homeowner and mortgage lender. Typically their are two title insurance policies issued at the time of a sale. One for the owner and one for the mortgage lender. The owner does not legally have to buy the owners policy but lenders will require a lenders policy to protect their interest in the property. The reason you have title insurance is to insure against loss resulting from title defects… Read More
When transferring title from one owner to another, all liens or judgments should be cleared prior to transfer or you will not be able to insure properly
Insurance for Someone Else's Vehicle Yes, You can Insure the property of another Person. So Long as you have authorization to do so and the owner is benefited, or some other insurable interest in that property exists. An example would be a case where dad says " OK, you can use my spare car but you gotta get your own coverage". If You have permissive use from the owner of a vehicle, then obviously you… Read More
An owners policy refers to a title insurance policy issued to the property owner not the lender. It provides protection to the owner of the property and is normally purchased at the time you settle on the purchase transaction. If the prior owner purchased an owners policy on the property prior to the new sale a discount called reissue rate may be applied if you can provide the prior policy information. The discount can be… Read More
If wife is the sole owner of the property and the husband is to become the sole owner upon her death will the property have to go through probate?
Yes. If the wife is the sole owner of the property then her estate would need to be probated in order for title to pass to her heirs at law or beneficiaries of her will. When a person dies owning real estate, the estate must be probated in order to establish legal title. If you want the property to pass to the husband automatically and bypass probate then the property must be owned by both… Read More
If your name is on the car loan and your 19-year-old gets her own insurance will you have any legal liability if she is involved in an accident?
The Insurance Company, Then The Name On The Title Of The Auto. If It Got To That. If There Is Insurance On The Auto In Her Name All Should Be OK. Best To You
This answer can vary according to insurance compoanies, generally it is required that all parties with an Ownership interest be on a policy. When it comes to boats it is generally not viewed as a good thing to have more than one owner (excluding husband and wife)so you maybe looking at fewer companies that will accpet you or an added surcharge.
If the title is in the child's name, the child is the legal owner and the parent cannot take the car, regardless of who pays the insurance.
How do you place a lien on a vehicle If you are willing to finance a used vehicle to someone how do you protect yourself?
On the back of the title there is a place for you to put the leinholder information. Just put your information there when you pay the money to the seller. If there is a leinholder, the insurance company will require the owner to carry full coverage insurance, therefore, if the car is wrecked, the insurance will pay you, the leinholder, and not the owner listed on the title. That way you will be able to… Read More
Can my mother recoup some money after she paid for my nieces boyfriends truck that he totaled and both their names are on the title?
She should get half the insurance settlement, assuming he got a settlement. The insurance company cannot give just him a check since he's not the only name on the title - she had to sign the title over, too! Now, assuming he only had liability insurance on the truck and he was responsible for the accident...oh well! Time for Judge Judy!
Insurance for Someone Else's Vehicle Yes, of course You can Insure the property of another Person. So Long as you have authorization to do so and the owner is benefited, or some other insurable interest in that property exists. An example would be a case where dad says " OK, you can use my spare car but you gotta get your own coverage". If You have permissive use from the owner of a vehicle, then… Read More
My husband died in Nov. and I cant find the title to the car, that has both our names on it, how can I get the car in just my name in case I ever need to sell it, I need the title for the car insurance company too, thanks
Each state is different. In MN, you have to send a certified letter to owner and wait so many days then if no reply/title you have to go to the DMV give a statement and get bond insurance? Something like that. Then more paper work and you'll finally get a title....
title jumping is when you sell a car to person a, then person a sells the car to person b. Person a never changed ownership of the title to their name and person b didn't either. which means your still the owner of the car. I had a friend that sold his car to guy, the guy sold the car to a woman. She got into a terrible accident and by law they were responsible… Read More
No. The insured must be the owner of the vehicle on the title. The only time this can vary is in the case of a husband, wife, and minor children who live in the same household. All residents of the household as well as any drivers must be listed as drivers on the policy. Some companies will allow the owner to be listed as an insured and not be listed as a driver but only… Read More
An easement is essentially the right granted to another person or entity to enter upon or to use all or a part of a parcel of real estate. For example, a utility may have an easement upon the land on which your house sits for power lines, water, lines, etc. In the context of insurance, easements come into play with regard to title insurance. Title insurance insures one's right, title and interest to real estate--in… Read More
The vehicle owner is equally liable for any and all damages caused by an authorized driver. The owner should always be covered under the auto insurance policy and is required in order to register the vehicle.
First American Title Insurance Company Fidelity National Financial Stewart Title Insurance Guaranty Old Republic Title Insurance Company North American Title Insurance Company Chicago Title Insurance Company
What is a title insurance companys liability if a lender has received a title commitment and a title transfer at closing involved fraud?
ATLAS Settlement, LLC located in Pittsburgh PA assists with residential and commercial real estate title insurance and closing services. ATLAS Settlement offers the highest quality professional services with regards to all facets of your Real Estate transaction, from drafting instruments of conveyances and issuing the title insurance policies to full document preparation and representation from contract to closing. ATLAS Settlement LLC's website is www.atlassettlement.com
Lien Holders Insurance Indemnity Clause Yes, Your finance contract (Loan) almost always requires that the borrower provide a Full Coverage Auto Insurance Policy on the vehicle being financed to protect the lien holders interest in the property until the loan has been satisfied. It's a matter of your finance contract. Failure of the borrower to provide the coverage required under the terms of the finance agreement puts the borrower in "Default" on the finance note… Read More
No. Only the legal owner can transfer the title to a new owner. No. Only the legal owner can transfer the title to a new owner. No. Only the legal owner can transfer the title to a new owner. No. Only the legal owner can transfer the title to a new owner.
It will depend on what insurance company your are insured with. Most companies do not allow this. However, at the company that I previously worked for they did allow you to insure a vehicle even if you were not the titled owner. You had to add an "Owned By Endorsement" to the policy. In which they would get all of the information about the owner of the vehicle as well as your information. In some… Read More