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Sir J
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You can drop the insurance on it as long as no one drives it. (Not even the kids on an errand.)
However, the garage burns down you can't claim it as a loss on your homeowners since you won't have comp coverage./ |
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Naomi
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An option may be a storage policy. AAA has them. It is just a few dollars a year, but if a tree takes out the garage, the car is covered. |
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redwidow
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It doesn't have to be insured if no one is driving it.Since they will be driving it you do need insurance. When my husband was sick we dropped all insurance but storage on his truck because I can't drive it.. The kids' insurance will not cover it. |
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bostonianinmo
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The car needs liability coverage if it's ever being driven. You can't sell it if a prospective buyer can't test drive it either. Your liability coverage MAY act as supplemental coverage while you're driving it, but it needs to have its own liability coverage as well.
You'll need collision and comp to protect the car itself.
Contact the insurance carrier. Make sure that the mileage is listed correctly. From what it sounds like it should be less than 6,000 per year.
Also check the use. It should be "pleasure only". Typically the use is classified as P & B or Personal & Business if it's being driven to work. Pleasure Only will lower the rates somewhat.
Check the deductibles on the collission and comp coverage; you can save quite a bit by raising those. If your insurance will cover her car when you dirve it, see if your collission deductible will apply. But keep the comp deductible reasonable as it will provide coverage while the car is parked at her home -- fire, theft, etc.
Make sure that your Dad is no longer listed on the policy. That's important especially if his driving record wasn't that good.
If the coverage fits the situation, the premium should be reasonable. Shop around for better rates as well. Most people who have been with the same insurer for an extended period of time can usually save quite a bit by shopping around.
If your Mom is going to sell it, see if she'll title it over to you and you can add it to your policy. That will cost you a bit, but at least she won't have to pay. |
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write2kimberlymueller
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Here is the straight answer...
The car must have full coverage if it is financed (or leased).
If not, the car needs no insurance to sit but would be a loss if the garage burned down as it would not be covered by homeowners insurance.
As far as the kids driving, the insurance you each have on your own cars transfers to this car at the same coverages (if you are only borrowing it and not keeping it at your own residences). In the event of an accident - no matter who's fault, the insurance carrier you have may elect to pay only up to the uninsured motorist coverage on your policy for your damages.
Sorry 'bout dad... |
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Teddy Bear
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If the car is to be on the road amongst other vehicles and people, then you, you need insurance. I suggest you sell it and give your mother the money for taxi, bus fees or whatever. |
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fire4511
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If the car is going to be driven on the road, it will need to be insured. If you remove the tags and are just leaving it in the garage, you can cancel the insurance. Notify the insurance company that the car is not going to be driven other than the way you say, and see if the rates being paid can be reduced. |
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davedebo198305
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What kind of car is it? you are saying something about selling it?
let me know what kind of car it is and what year and how many miles any any info on the car u got and i may buy it i'm looking for a car my E-mail is davedebo198305@yahoo.com
thanks for your time |
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domster
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yes the car needs to be insured for anyone to drive it in your family on there insurance and only then will thay be covered for 3rd party ...but also check that your kids insurance says that thay are covered to drive any other car .hope this helps |
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keith86
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yes you need to get the insurance for your dad's car coz if you dash the car somewhere when you'll take it for a drive , the insurance won't cover the charges , so you better insure the car |
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mbeast16
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The car has to be insured to be road legal. If you drop the insurance, do not drive it on the road. Your personal insurance doesnt cover it. I would split the bill among you 3 kids, and just keep liability insurance on the car till its sold. |
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harley w
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if you don't drive it check with your homeowners insurance to make sure it would be covered in case of a fire if theres a loan against it it has to be insured you cant drive it with out insurance |
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JENN
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If the car is registered then U need insurance. Just have the insurance bill sent 2 U or a different address. U could always register it in 1 of the siblings (or your) names & put it under their (or yours) already existing auto policies. Its usuall cheaper to add a vehicle 2 an existing policey rather than holding its own. U'll B exempt from sales tax upon the transfer of registration because its in the family... |
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D N
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So sorry for your loss.
Call your Dad's car insurance company and let them know the situation as they can advise you best. I would think a minimum insurance coverage would be required in case of vandalism, theft or fire. A rider can be added to the policy to cover the infrequent use of the vehicle by the kids (as no ages are provided, so it is unknown how their age will be a factor into the costs).
You can check the value of the car on line (bluebook.com, I think), and then run an ad in the local paper to sell it, or with this knowledge take it to a dealer and see if they will purchase it from you.
All the best during this most stressful time. |
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michigander
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You can check with the insurance agent listed on your dad's policy, storage insurance is much cheaper. |
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mystic_nite_angel
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even if the vehicle isn't driven you should have limited insurance on it incase of fire or vandilism, even for test drives you need insurance. your insurance is for your vehicle. You could add your dad's vehicle under your insurance so that your mom doesn't need to pay the premium |
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FlyChicc420
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If anyone is driving it, there needs to be insurance on it. In some states you are able to insure your license so any vehicle you drive is covered, but most companies only insure your vehicle. If your vehicle is insured it will not cover your mother's unless you add her vehicle to your policy. If your license is insured you don't have to worry about it. |
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TV
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Any car with tags must be insured. Sell it now! |
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Red Sawx ®
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most states do require car insurance. NOT all. check with your local police dept or state dmv |
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Crackerass
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Yes, it's the law |
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batts1030
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you can just use your own insurance for it that way your mom doesnt have to pay for it |
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pam holloway
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You can put it on suspension and call when used only the insurance is very low for that |
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