Quote:
Originally Posted by Lustnotlove
Long time no postings.
First thing Brooke, a Power of Attorney doesn’t work after the person is dead.
Second thing is, You can get in Texas a Non-Owner Auto policy, I suggest looking into it.
Third, the loan company really doesn’t care who actually pays, where you should be concerned is the yearly Texas registration and the renewal notices in his name.
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You are exactly correct, I just discovered that about the power of attorney only applying to the living very recently.
As for the non-owners policy, I did look into that, but apparently in Texas, if I get into an accident that policy will only cover the damages to the car I hit & not the car I'm driving. It's basically a liability policy. And also, since the car is financed, it is stated in the contract that the car remains insured during the duration of the loan.
Since I posted this thread, I've taken a few steps to ensure that if something happens to the wonderful gentleman that financed this car for me, I will still be able to keep the car going forward.
Thanks again to everyone that chimed in. As always, you guys were MORE than helpful.
My Bio Page - Texas - Houston
