If your GRAN is the policy holder, she MUST be the owner and registered keeper of the car.

Your name can still be on the finance, and you can be a named driver, but you can NOT own the car.

As long as the car is registered to your gran at her address, your name is on the finance (it doesnt matter if its jesus or george bush thats on the finance) and you are a named driver, your fine.

As an added point, you don’t HAVE to, but it would look better if you were a named driver but the main user of the vehicle, (but not the policy holder!!!)

I am 15 years old. I know that you can get your permit when you are 15 and a half. I turn 15 and 6 months in March of 2010. First of all, I would also like to know how a permit works. I am an identical triplet, my mom cannot afford insurance for all of us. We have a 1985 BMW and we are preparing mechanical alternations on it. How can we all have car insurance to cover our payments?

Yes… read below

Insurance companies want to know about all licensed household members (it does not matter if they are young or old) so they can calculate their potential risks for having you and these drivers covered by your insurance policy. When you purchase liability insurance (which every auto insurance policy has), there is a law that requires insurance companies to cover all household members who have a drivers license. Most all insurance companies will require that you either add licensed household members to the policy or exclude them. This is because as household members it is assumed they have access to your vehicles and may drive them at any time. These drivers are thus a risk/rating factor to be taken into consideration.
Many state laws require it, and your policy contract has in it terms that say you must inform them of licensed drivers dwelling in your household, so that they can add him as a driver to your policy and rate accordingly or exclude him. Excluding anyone from your car insurance would mean that you are not paying extra on your policy to have him/her as a driver and thus they are not extended any coverage by your insurance policy if they were to drive your car and be in an accident, even if it were an emergency situation.
So most insurance companies will require you to place the non-relative household member on your insurance policy as a driver if he is licensed. All licensed household members are normally required to be listed as a driver or excluded on an auto insurance policy by the insurance provider.
If you have a licensed household member, whether a relative, roommate, etc, the insurer believes that the person will have access to your vehicle and thus is a rating factor that should be on your insurance policy. If the person really is not going to drive the insured vehicle then there should not be an issue with excluding them. Without you signing off on the exclusion the insurance company cannot really believe that a licensed household member may not drive your car.
State laws differ however. Typically, insurance companies are allowed to use classifications that reflect a possible exposure for liability on the part of the insurer, in the event that bodily injury or property damage occurs due to the operation of the vehicle by anyone in your household.
The perceived risk for non-household members by an insurance company is different and that is why you can normally let a friend that does not live with you borrow your vehicle without adding him or her to your policy.
A friend may occasionally borrow your car and be covered by your insurance because they do not have regular access to your car and thus are not rated as a risk factor on your policy. If you do have someone outside of the household that regularly drives your car then normally an insurance carrier usually would also want this person listed an occasional driver so they would be properly covered in an accident.

Forced auto insurance, seat belt laws, helmet laws, child safety seats, laws and regulations, all brought upon us by insurance companies who use government regulation to maximize their profits.
Isn’t it only a matter of time before they get their friends in Washington to make Health Insurance Mandatory?
Or is that the republican plan for reform?

efire give the answer about it!!

It all depends on the value of your home as well as its contents. And whatever you do, make sure you get replacement value, this will replace an item at the price in the current market. Also,the amount of your deductible will change the premiums as well.Higher deductable = lower monthly but lower deductable = higher monthly.

I have a 4 month old kitten. I went to this fair and was introduced to VPI pet insurance but just read that it was no good. Can someone please tell me a good pet insurance place and please only answer if you have personal experience. Also tell me all I need to know about this whole pet insurance thing. I’m new to this. Thanks. I only want the best for my baby!

Someone else provided some really great links so I will not repeat them. I think insurance is a fantastic thing for you to have as the owner of a golden. I have two of my own, one who has had MAJOR medical issues. Thankfully, we were fostering him during this time so the rescue group footed the bill for them. Due to this we got pet insurance for him. Of course his broken hip will not be covered if there are future problems but everything else will be. Being a large breed dogs goldens are prone to hip issues. With the flopped over ears they are also very prone to ear infections. All of these things plus the normal yearly shots and heartworm medication are covered on most plans. You sound like a very responsible pet owner, I wish you many years of happiness with your golden!

I’m going to get two kittens from a breeder pretty soon – They’ll be around 12 weeks old. I’ll need to get them spayed and neutered. I’d also like to get them micro-chipped. I’ve checked out a few websites for pet insurance, but I don’t know how to tell which is best. Any suggestions or recommendations? Thanks!

The friendly of toms give the answer.

I recently read in Reader’s Digest that pet insurance is not always the best way to go.

Here are the downfalls of pet health insurance:
-The average cost spent on pet health insurance is actually more than the average cost that your pet’s health care will cost during its life (approx. $2000 difference).
-A lot of pet health insurances will not actually cover routine health care, such as vaccinations
-You will be required to pay up front for the veterinary expenses, and then be reimbursed by the Pet insurance. This can get sticky, and the pet insurance may refuse to reimburse you for certain expenses.

The article suggested budgeting approx. $400 per year for your regular veterinary expenses, plus a few hundred extra for emergencies. Pet health care can be expensive, but with kittens, you are unlikely to have any huge expenses that would warrant a costly pet insurance plan. In the event of circumstances where you are unable to pay your veterinary expenses up front, there is a credit card specifically for health care costs that can be used for your vet bills, as well. It’s called Care Credit, and under certain plans it can be paid off interest free. (Make sure the veterinary hospital you will bring your pets to accepts this form of payment before the visit, if necessary.)

Discuss your situation with a competent financial planner in your area. Do not trust anyone who tells you how much insurance you need without asking you any questions. Avoid insurance salespeople, especially ones who use a multiple of your salary approach.

A good financial planner will complete a survivorship analysis for you. He/she will ask you alot of questions regarding your current financial situation and after making certain assumptions regarding rates of return and inflation, will be able to calculate your family’s overall need for assets at your passing and how much of that need would be offset by assets you would have on hand. Don’t forget to tell your advisor about any savings or investments you have as well as all life insurance in force, including employer provided. If there is more than enough assets already available, you do not need any additional life insurance, if not, consider purchasing more.

There is a widespread belief that term insurance is the only worthwhile way to insure oneself. This may not be the case. Term insurance is typically very inexpensive when compared to permanent forms of insurance (whole life, universal life, variable universal life, etc.) but it is important to remember that those term premiums will rise somewhere down the road. Approximately 90% of term policies never pay a death benefit, mainly due to the fact that they became too expensive to keep in force. Term insurance falls into two basic types, Yearly Renewable and Level. Yearly Renewable Term (YRT) premiums start very low. As each policy aniversary passes, your premium goes up. Each year you get older the resulting increase is a little bit larger than the previous year. It makes sense if you look at it from the insurance company’s perspective; each year older you get is one year less you have left to live. Level Term will have a certain period where the premiums will remain level, usually 10, 20 or even 30 years. The longer the guarantee period the higher the premiums will be, but they will remain at the initial premium amount for the guarantee period. I prefer Level Term for my clients who need term coverage because it is a much more predictable amount to budget.

Permanent insurances, while requiring higher premiums, also build a cash value, on a tax advantaged basis. If the policy is designed properly, it can make a good savings vehicle for LONG TERM investing goals. As with any important decision, the most important aspect is to get the advice of a competent, trusted professional.