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    mkstar4me's Avatar
    mkstar4me Posts: 1, Reputation: 1
    New Member
     
    #1

    Oct 10, 2018, 04:18 PM
    What are the pros and cons for putting my daughters car in my name. She pays insuranc
    My daughter wants to put her newer car in my name. She has taken out insurance already. What do you think?
    Wondergirl's Avatar
    Wondergirl Posts: 37,828, Reputation: 5427
    Jobs & Parenting Expert
     
    #2

    Oct 10, 2018, 04:25 PM
    How old is she? Does she live with you? Why does she want to do this?
    talaniman's Avatar
    talaniman Posts: 54,047, Reputation: 10852
    Expert
     
    #3

    Oct 10, 2018, 05:28 PM
    Sounds fraudulent to me!
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7691
    Expert
     
    #4

    Oct 10, 2018, 06:40 PM
    If she already owns it, already has insurance on it, there is no need to change it.
    ma0641's Avatar
    ma0641 Posts: 15,681, Reputation: 1012
    Uber Member
     
    #5

    Oct 10, 2018, 06:44 PM
    Insurance in who's name? You will be liable at an at fault accident. Have a personal umbrella? What is her reasoning?
    smoothy's Avatar
    smoothy Posts: 25,495, Reputation: 2853
    Uber Member
     
    #6

    Oct 10, 2018, 07:38 PM
    Lot of legal ramifications here for you if you do it. If she runs over 20 people at a bus stop on purpose or by accident... and her insurance limit is hit... guess who they come after for the rest? YOU.

    There is something here she's not telling you. And I would be VERY worried about what it is. I can't think of a single good reason she would want to do this. Some places even would bill YOU for annual personal property taxes.
    Alty's Avatar
    Alty Posts: 28,318, Reputation: 5972
    Pets Expert
     
    #7

    Oct 10, 2018, 10:46 PM
    Is she the main driver of the vehicle, or are you? I'd guess she is, since it's her car. She can't insure something she doesn't own. The most she can do is list herself as a part time driver of the vehicle, which means liability only. If she wants any coverage of the vehicle itself, you'd need to get that insurance, since it would be your car, not hers. In other words, you'd have to take out full coverage, then list her as a driver. You'd have to be listed as the main driver. If they find out the car isn't even in your possession, and that she's the main driver, you're looking at a lot of trouble headed your way. It's called fraud.

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