What is the name of your state (only U.S. law)? Indiana- My grandson is now living with me. He has his own car in his own name. currently his car is insured as an additional car on my policy, showing me as the insured and him as a rated driver. If he were to have an accident, would I be liable for any damages in excess of what insurance might pay, even though the car is in his name? Should I get a policy in his name only? I don't expect anything to happen, but things do and if he should be in an accident and get sued, I do not want them to be able to attach my assets.
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Liability
- Thread starter VSPeck1
- Start date
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LdiJ
Senior Member
Its actually problematic that the car is insured in your name but you are not a registered owner of the car. It would be best for you to get him his own policy.
LdiJ
Senior Member
I had a problem with that in Indiana. I had to fight with my insurance agency because my daughter's car was insured on my policy and I was not an owner of the car. They almost didn't cover an accident and made us get separate coverage for her car afterwards. It was explained to me at that time that it varies a great deal from state to state.