Protecting Yourself Financially - Auto Insurance? - Al-Anon Family Group

sharky · Member

Protecting Yourself Financially - Auto Insurance?

CJ · ~*Service Worker*~

sharky,

if your A has his license revoked or suspended, then going to a new carrier (would recommend Farmer's, Progressive, or even Geico) and have a policy in your name only as the only named operater of the vehicle. and then I'd keep it that way, regardless of multicar discounts and the like.

cj

confused · Senior Member

Sharky,

I recently had a conversation about this with an attorney. He advised me that since my AH's name is on my house that I need to make sure that he is covered by auto insurance. NOT enabling, protecting my assets. If he makes a bad choice, gets in an accident etc. and the car is not insured then there is nothing but the house to go after. I was not expecting this answer, I had planned to let the insurance coverage go, his tough luck not mine. Having turned to a "power greater than me" in this case an attorney, I found that my thinking was in fact distorted and that in order to protect myself, not him, I need to either 1. get his name off the house, or 2. pay the insurance if he doesn't. I don't like either option but I don't like this disease either. On to Step 3 with this one.

Lynn

-- Edited by confused at 08:09, 2007-02-02

-- Edited by confused at 08:09, 2007-02-02

QOD · ~*Service Worker*~

Sharky - I have thought about this one many many times over the past year. I just bought a house in my own name and got new homeowners insurance through a different company than we had w/the previous house. Now, in order to get a lower rate, I transferred my auto over too. I did this for me & my AH. However, in the last 3 weeks since doing this, my AH has gone on 2 separate 1 week disappearances acts (binging) and I have decided to move forward w/separation. So before paying my 1st large auto insurance premium, I had him removed from my policy. They would only do this however with proof that he had another policy already in place. (that sucks) Luckily for me, I hadn't cancelled our other policy yet. So now I am having him removed from my new one and removing myself from our original one. I plan on giving him his bills when he shows up and letting him know he has until Feb 15 to get a payment to his insurance company or his policy will be cancelled do to failure to pay. Then I won't have to worry with it.

I am not sure what your exact situation is but I hope that my experience has helped you in some way.
Sincerely,
QOD

maresie2 · ~*Service Worker*~

Oh I have the auto insurance issue. The A is on the truck ownership. Its a long long story and one I have told too many times. I have to in time (probably next month) up the policy for better coverage. I used to resent the hell out of the A over this now I am watching my resentments. I think its a long long hard road for some of us to get separate. I know it is for me.

Maresie.

CJ · ~*Service Worker*~

mare,

regardless of who is on the title, your insurance company only deals with LEGAL drivers in the household. ownership should NOT be an issue with insurance -- if it is, maybe time to find a different company.

(())
cj

Diva · ~*Service Worker*~

I took the ultimate step Sharky. I am not advising this, but it worked for me. I divorced my A! I purchased another home after the divorce which is in my name only, and I separated our auto insurance. Had his vehicles put in his name only and my vehicles put in my name. By taking these drastic steps, I have relieved myself of any financial and legal responsibility resulting from his actions. We are still together, but now I feel like the weight of the world has been lifted. As an aside, he always talked about wanting to refuse to pay federal income taxes. Now when he mentions that, I say, "Do whatever you want," knowing that I cannot get into trouble for his decisions.

My attorney had advised me that while we were married, I was equally and severally liable, and believe me, I had a LOT more to lose than he had.

Good luck to you, Diva

-- Edited by Diva at 11:37, 2007-02-06

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