I have a stepson that I recently put on my insurance policy. Here's the back-story.
When he was 17, he got involved in some "other than legal" methods of earning money. He was about 5 months away from graduating HS and I gave him 3 options;
1) Join the Military
2) Get a full time Job
3) Enroll and attend college. I told him that if he was smart, he would milk option #3 and take 1 class a semester for the next 7 years!!!
Well he chose to accept NONE of the 3 options and upon graduation day, his bags were already packed and he was "moved out" to embrace the world and spread his wisdom among his peers. Well, shortly after THAT didnt work out - he moved into his Grandmothers house as, she was convinced that I was very insensitive to his needs and that I had no idea what it takes to raise a child in today's society. (despite my own 2 productive & engaged children) I tried to review his 3 options with her but, it didnt work out. I was just being "stubborn & ignorant"....Sooooo now, we dont talk! (no loss, now she gets Xmas cards and invites to T-giving day dinners, KNOWING that she wont accept! LOL )
Fast forward 2 years and now SHE's tired of having the cops drive by her house - looking for "the dealer". So, she tells him he's gotta go. But of course NOW....he's incorrigible! lol So he schmoozes his way back into our house, but he has a full time job and $$ to buy a car, so I give him a chance. For 3 months he really **seems** to be trying to get his life together. Soo......I relent, I sign as part owner of his car so he can be on our policy at a fraction of what a sole policy would cost and add him to my insurance policy so he can afford to be covered. We have the obligatory long talk about driving under the influence, letting others drive his car, being responsible...etc. He pays his part of the policy on time and in full....all is well
Last week I see someone who I "think" is driving his car but im held up by a traffic light and cant confirm it. Today, his car drives RIGHT BY MY HOUSE with someone else driving it!! (no mistake, dent on hood and fender is unmistakable).
So I tell him that as of tomorrow 29 Jun 0800 his insurance is cancelled. He is of course upset, mad and does'nt understand the "big deal" someone was running an errand for him. I refuse to discuss it with him and dont even try to get him to understand that the offer was extended to HIM and HIM alone. Not his friends, GF or whoever. He doesnt understand the liability he has invited into my life.....words are exchanged, issue solved.
My concern is that after I cancel him off our policy in the AM when they open, what is my exposure because I am still signed as 1/2 owner. Should I sign the title over to him? Tell the insurance company that I am OFF the car? Notify the DMV of my being removed from the title?
My concern is that he drives or lets someone else drive the car, has an accident and i'm held 1/2 responsible because im part owner......despite taking him/the car - off the policy.
Any/all help is appreciated.