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| *Loan,banking and credit>>>house insurance |
Why does an insurance company need all the drivers in my house insurance information? |
Why does an insurance company need all the drivers in my house insurance information? Hiya: You don't have to actually insure all the people in your household. If you don't have them added to your policy - then they HAVE TO be excluded. Here's why: 1 - In any household there is the possibility that any 'of age' drivers could drive your car. If there is a possiblity that any one of age would drive your car - the insurance company needs to be aware of ALL risks. They need to establish a risk profile and set your premium accordingly. Here are some scenarios for you. Let's say your brother of 23 lives with you. He drives your car on a regular and frequent basis. He is NOT listed on the policy and gets in an accident while driving your car Auto policies specifically exclude coverage for any blood relative living in your household that is not listed on the policy. But here is something else to consider. Let's say you have a friend/neighbor who has keys to your car and has your permission to drive your car whenever they want to. Guess what? Auto policies specifically exclude REGULAR and FRUQUENT drivers of your vehicle unless they are ADDED to the policy. Yeah. Not so good, huh? Can you lie? Nooooooooooooooo. Material misrepresentation on an insurance application is FRAUD. Punishable under the law. If you don't want to pay for all those people - just tell the agent that. No biggie, really. And tell all those people you DON'T add to the policy that they need to get their own insurance. Okie dokie? Goodluck! ~jifr! Source(s): Insurance professional 10+ years That is NONE of their business, really. Find a different company, if possible. Because it is likely that they will be driving your car(s). They want to know if you are living with Evil Knevil so they can adjust your rates accordingly. As a safety precaution because people that live in your house with you are more likely to just grab your keys and take your car making anyone that lives with you a liability they are looking to protect themselves from people who might borrow your car. There are strange things done. Sometimes someone with a really bad record will move in with someone with a clean record and drive the clean record persons car (the b/f or g/f from hell and they drive like it) Because they all have access to the keys. Some folks try to avoid paying insurance for under 25 drivers or drivers with blots against their record by saying that they won't be allowed to drive. Yet, because the law allows you to let any legal driver drive your car, if that driver is in a crash, insurance is stuck paying. They only get out of it if the driver does not have a valid license. In most cases, that driver lived in the same home as the insured. |
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