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If car is in 22 yr old son’s name, but on parent’s insurance are parents subject to possible suit?
Son moving back home and could save money if added to our multi car policy.
Don’t worry about lawsuits. That is what the insurance company is for–to protect you. The driver is named in the lawsuit, but it is their insurance company that sues yours when an accident happens. They know they can’t money from you. They want to get money from your insurance company. Bottom line–do what is feasable for you. If it costs less and is legal, go for it.
If parents are named in any law suits, yes. also most people sue the insured driver and owner of the policy.
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This depends on the state you live in and the policy you have. In general, I would say NO, but some states are a little weird about it. Ask your insurance agent. He or she can give you a definite answer with specific details BEFORE you add the car to your policy.
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Don’t worry about lawsuits. That is what the insurance company is for–to protect you. The driver is named in the lawsuit, but it is their insurance company that sues yours when an accident happens. They know they can’t money from you. They want to get money from your insurance company.
Bottom line–do what is feasable for you. If it costs less and is legal, go for it.
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Usually whomever the car is registered under is the main concern. The parents Insurance will be sued as well as the parents because they are taking on the resonsibility of allowing that child to drive.
Unless you are 100 percent sure they drive responsibly as an adult, I would never take on the responsibility of insuring them.
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The short answer is yes, unfortunately. As long as he’s listed as an additional driver on your policy, you and he will be ultimately responsible in the event of an accident. He may qualify for a discount through your company if you’ve been with them a while, and he may also recieve a discount if he’s had 5+ years of driving without incident. Hope this helps.
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I am a Sales Manager for a large auto group.
more than likely yes
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