My wife wants to transfer a vehicle into her name only. Presently it has the 'or' (either one of us) on the title.
As this would than put 2 vehicles into her name, and leave non in my name,
she called the insurance agent today to find out if she needed to have the policy, which presently is in both of our names, re written under those circumstance....
She was told :...' that yes, a new policy in my wife's name needs to be written, and because we are living together ANOTHER, a 2nd policy would have to be taken out in my name only, to cover for bodily injuries'..........WHAT ?? PAY FOR TWO POLICIES ????
She was told that there would be 'no way around it'.......?????!!!!!...UNLESS: I sign a statement that I would not drive any of her vehicles........
Anybody here has knowledge about insurance ?
I recall 'Martha 31's wife transferred a vehicle, how was the issue of insurance handled in that case ?
Input & suggestions needed, Thanks
As this would than put 2 vehicles into her name, and leave non in my name,
she called the insurance agent today to find out if she needed to have the policy, which presently is in both of our names, re written under those circumstance....
She was told :...' that yes, a new policy in my wife's name needs to be written, and because we are living together ANOTHER, a 2nd policy would have to be taken out in my name only, to cover for bodily injuries'..........WHAT ?? PAY FOR TWO POLICIES ????
She was told that there would be 'no way around it'.......?????!!!!!...UNLESS: I sign a statement that I would not drive any of her vehicles........
Anybody here has knowledge about insurance ?
I recall 'Martha 31's wife transferred a vehicle, how was the issue of insurance handled in that case ?
Input & suggestions needed, Thanks
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