Likely a common topic not sure how to best search for it so asking:
My now 21 yr son, with a full DL, is still on our auto insurance and sharing our cars. All good zero incidents.
BUT:
Seems best to detach him completely from a liability standpoint, no?
As in get a car in his his name, and his own policy.
Concern is that even then he would be living in our home, does that pierce some liability to us somehow?
Or keep with our healthy insurance + umbrella, but then again also our potential monkey.
Not looking for legal advice and realize there are no absolutes but is the general thinking among our like-minded ER crowd that its best to spin them off for liability?
All thoughts appreciated!
My now 21 yr son, with a full DL, is still on our auto insurance and sharing our cars. All good zero incidents.
BUT:
Seems best to detach him completely from a liability standpoint, no?
As in get a car in his his name, and his own policy.
Concern is that even then he would be living in our home, does that pierce some liability to us somehow?
Or keep with our healthy insurance + umbrella, but then again also our potential monkey.
Not looking for legal advice and realize there are no absolutes but is the general thinking among our like-minded ER crowd that its best to spin them off for liability?
All thoughts appreciated!