motorcycle insurance minnesota
How do I sell my car to my parents and still be covered for driving?
I have a DUI six months ago. I was eventually charged and plead guilty of a month. My insurance company did not know anything about it yet, because I pay my premium every 6 months. What are the chances that you'll learn? My cousin the day will be held in late August. What are some ways to keep my health under control? I've heard stories about people selling their vehicles to their parents and then driving his plan to three years or less? Is that correct? Do I have to be listed under your plan? Is it so easy to just sell the truck to my dad says, I pay and I drive my truck? Would it be better to change everything over now or wait and see if they find out and then switch? Information Additional: I own a truck and a motorcycle. I live in Minnesota and my parents live in Iowa I think they are progressive or progressive farm states. Thanks for any help!
The odds are good they will find out. Most insurance companies run the driving record about 60 days before politics renewed. If you own the vehicles outright – no loan – you can give your parents, which means changing the titles to them. Two caveats – 1. you has no way of forcing parents to give back to you and 2. when the vehicles become assets to their parents, become assets as a creditor can attach, if their parents have money. Then, coourse, you need to be included in your policy because you are a regular operator of the truck. With his parents owning cars, which MN would need to get to do all the work of registration plates to obtain MN MN and buy another policy, which should be listed. So not going to save money. And it could end up backfiring in the long term.
Lindeman Insurance, Inc. – Insurance in Woodbury, MN
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