needing car insurance advise
Ray Pearson
"Gary" <ga...@grobe.net> wrote in message
news:a5f51a77.03062...@posting.google.com...
'care, custody
> and control'.
>
CCC has nothing to do with it, simply write a lease. you being the leassor
then she shouldn't have a problem, except for the credit scoring .
R
--
Insuring the body modification industry since
1991 contact me for your shop insurance needs
Isa
signature on all the forms. Ditto for insurance. She'll need to
have the title switched to a Florida title, and get Florida plates.
Won't happen.
Options:
1. take a personal loan out, give her the car, let her transfer
everything to her name (a really good idea, because it will keep YOU
out of any possible lawsuits if she's in an accident)
2. sell the car, buy her a $1,000 beater to do the same.
Isa
ga...@grobe.net (Gary) wrote in message news:<a5f51a77.03062...@posting.google.com>...
> >
> Can anyone advise on what options there are for this? How difficult it
> would be once she arrives in Florida to register, get insurance,
> etc..., a car not in her name?
>
> Any help much appreciated.
TTRoberts
<< <i>I have a friend that needed transportation so I financed a car on my
credit (as she has none) for her (so car is in my name). She also pays
*my insurance* for this vehicle. Problem now is that she wishes to
move to Florida (from Texas) and I was advised by my insurance company
that this would not be possible due to something called 'care, custody
and control'.</i> >>
It's wonderful that you are such a good friend. However, even as a "good
friend" you should treat this as a business relationship seperate from your
friendship. Or else, just be prepared to simply write it all off without any
bad feelings.
I believe the information you're getting is correct. You may to makes some
changes in the agreement you have with her . . . ???
<< <i>Can anyone advise on what options there are for this? How difficult it
would be once she arrives in Florida to register, get insurance,
etc..., a car not in her name?</i> >>
There's several issues that'll have to be addressed. If she is not a student
and/or a dependent of some sort, then she'll most likely have to get a Florida
driver's licence. Though the car belongs to you and you're in another state,
the car will also most likely have to be have a Florida registration. So, if
the car is registered in her name, SHE can most likely get car insurance for
the car since the car is registered in her name and it's in HER "care, custody
and control." You'll have to have an firm agreement with her that she must
maintain her own insurance coverage and to what extent YOU feel the minimum
coverage should be.
Everything would be simpler though if you just transferred title of the car to
her AND keep yourself an lean holder on the car. This way the car can't just
be sold or the title transferred by her without you getting involved or getting
what may be owed to you.
Kevin Kennedy
company that will insure a vehicle that is registered to someone other than
the principal driver. This can be hard to find, but a good start is
www.mercuryinsurance.com. They are a California company that is now doing
business in TX and FL and they are a company that routinely insures vehicles
not registered to the principal driver. To avoid rating for YOU on the
policy, they may exclude you from coverage (meaning YOU can't drive the car)
but if she is living 1,000 miles away, that likely is not a problem.
As far as registering it in FL, well, I am not fluent in the laws regarding
that.
Go to the web site, it will help you find an agent in her area.
"Gary" <ga...@grobe.net> wrote in message
news:a5f51a77.03062...@posting.google.com...
> I have a friend that needed transportation so I financed a car on my
> credit (as she has none) for her (so car is in my name). She also pays
> *my insurance* for this vehicle. Problem now is that she wishes to
> move to Florida (from Texas) and I was advised by my insurance company
> that this would not be possible due to something called 'care, custody
> and control'.
>
> Can anyone advise on what options there are for this? How difficult it
> would be once she arrives in Florida to register, get insurance,
> etc..., a car not in her name?
>
> Any help much appreciated.
>
>