Auto insurance give somebody the third degree!?
Okay so i recently bought a car and i get it financed so i needed insurance on it, but i am only 18 so it was going to be expensive so i put it on my dads insurance and we told them he be going to be driving the new car and i be going 2 be driving his old car. the insurance go way down. But im actually driving the brand new car so is this illegal? or what would come about if i were to get into a wreck next to the new car.. would it cover me?? appreciation!
Answers:
There's no law against it per se, however should there be a claim the insurer will investigate once they find out your be driving. They will find out who the actual principal operator of the new sports car is (it's not that hard to determine this) and once they determine that you and your dad were trying to verbs a fast one on the company they will deny the claim, and possibly cancel the policy. This medium you and your dad will become financially responsible for everyone's damages, plus your dad will only be able to qualify for the high-ranking risk market (huge $). While technically it would be considered fraud, no prosecutor is going to waste their time on such a small concern, therefore no insurer would bother pursuing criminal charges.
YES! it's illegal. explicitly the wrong thing to be doing, That is officially fraud, and if you're within an accidnet they can legally NOT PAY. so bite the bullet, pay the difference-it is your motor, and you're having the fun of driving it. Source(s): 25+ years as agent.
Related Questions:
Answers:
There's no law against it per se, however should there be a claim the insurer will investigate once they find out your be driving. They will find out who the actual principal operator of the new sports car is (it's not that hard to determine this) and once they determine that you and your dad were trying to verbs a fast one on the company they will deny the claim, and possibly cancel the policy. This medium you and your dad will become financially responsible for everyone's damages, plus your dad will only be able to qualify for the high-ranking risk market (huge $). While technically it would be considered fraud, no prosecutor is going to waste their time on such a small concern, therefore no insurer would bother pursuing criminal charges.
YES! it's illegal. explicitly the wrong thing to be doing, That is officially fraud, and if you're within an accidnet they can legally NOT PAY. so bite the bullet, pay the difference-it is your motor, and you're having the fun of driving it. Source(s): 25+ years as agent.
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