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Question
I have a car financed and registered in my name. My credit is poor. Is there a legal way to insure it through my wifes credit score and I still be a driver and have the rate based off her credit? My driving record is clean.
Hello,
Your first problem is that they are registered and financed under you and this in itself will create a problem insuring cars under her name in which sh has no interest.
Secondly, these days insurance compaies are commonly looking for any way to get out of paying an auto claim.
Let'ssay you could pull it off and get these cars covered through your wife and save on premiums. Now lets say you have a claim. The money you saved won't be worth it when they deny your claim when they accuse you of material misrepresentation and deliberately concealing your poor credit to get a cheaper rate.
I am on your side and know what it is like to be in your position. I went through a divorce and other issues. I just can see things turning bad with you andbyou sure don't want this to happen if youhave a claim and to find out that money you saved was for nothing.
I deal with people on a daily basis that have thier claims denied.
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Answers by Expert:
Rob Painter, Ase, CFEI, CAFATE
Expertise
Please remember. I am not an attorney and cannot legal advice. My answers are based on my experience due to litigation I have been involved in as an expert, for both insurance companies and while oposing them opposing them. I deal with only comprehensive claims on autos related to fire and theft. I have even had the opportunity to rewrite policy coverage language as it relates to vehicle theft and forced entry for insurance defense attorneys.
Experience
Experience in the area: Working with insurance companies and attorneys on these issues for over 20 years. It is very common to have a reported stolen car with a so-called factory anti-theft system to have the theft claim denied. I have served successfully as an expert witness in the courts across the US representing the insured and their attorney revealing that the insurance expert did not take all known theories into consideration before rendering their "Forensic" conclusion. Many insurance carriers us independent "Forensic" experts to examine reported stolen vehicles commonly using flawed methodology implicating the innocent insured with the theft. My job is to determine if the insurance expert reached his conclusions based on accepted scientific principals or just net opinion with no basis other than opinion. My case record against such experts is very compelling.My resume can be seen at the catagory "Auto Theft and Prevention." In "Forensics" the scientific method must be employed. In the forensic locksmith field determining how a reported stolen vehicle was last operated, many processes cannot be duplicated and are conveniently not addressed. If they were, juries would have the opportunity to make a fair and impartial opinion at least about what the expert could or could not prove. There is a purported process determining the last key used. The chances of determining such is very rare uless the key is found in the ignition lock. Experts commonly destroy evidence as well and are rarely questioned on this event. I reveal the weakness in their testimony on such instances.
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