Tag: insurable interest

Car Insurance Answers for Nesters, Boomerangs and Parental Gifts

ver the past three weeks, I’ve been faced with three interesting scenarios involving young adults and how to handle their car insurance. There was the adult who hadn’t left the nest, the boomerang, and the one who’s married and out of their parents’ home but received the gift of a car from the parents. Each presented its own uniqueness in addressing who purchases the car insurance, however there was one commonality that everything hinged on. Let’s look at each one.

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BFF Wrecks Your Car. Who’s Car Insurance Pays?

You and three of your best friends are headed to the Texas Hill country for a weekend to get away and catch up with each other. You’ve been looking forward to it for weeks! It’s been a very long week with late nights to wrap up a project before heading out of town and you’re tired. You ask one of your friends to drive your car while you rest. They accidentally clip another car while passing. No one got hurt, but it’s your friend’s fault and your car.

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