Auto insurance grounding, Tip 4
April 10, 2010 7:53 am auto insurance
4. Don’t ignore car ownership.
This won’t necessarily arise as a problem when buying insurance, but vehicle ownership can make all the difference in potential payouts. If a husband and wife share ownership, both are exposed to liability if either one causes an accident. Both can be sued by any party caused damage.
Parents should be aware of the age of majority (usually 18). When the kids reach it they should assume title for their cars so that parents can avoid liability for any mishaps caused by drivers who are of age, but still young. This has already arisen as a problem in several cases wherein parents are sent to jail for loving their kids too much and giving the keys too early in their years.