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A vehicle owned by an elderly non-driving parent should be insured under a policy that reflects its current use and ownership status. It's advisable to keep comprehensive and collision coverage if the vehicle is valuable or used occasionally, while liability coverage may be minimized if it’s not driven. Additionally, consider naming the elderly parent as the insured party on the policy, even if they are not the primary driver, to ensure proper coverage. Always consult with an insurance agent to tailor the policy to specific needs and circumstances.
What else can I help you with?
What term could be defined as aged parent?
Elderly parent or senior parent.
Can health care power of attorney be used to apply for medicaid for elderly parent?
Yes - the POA should be able to apply on the elderly parent's behalf.
Can a licensed teenage driver legally drive his parent's insured car in New York without being insured himself?
no
If an underage driver steals a vechile is the owner responsible?
Not necessarily unless the 'owner' is also the parent of the underage driver. If not, assuming the car was insured, the insurance company may deny the claim. If the vehicle was not insured, then it becomes a civil matter where the owner of the vehicle may be sued by the accident victim and may be found responsible for not having had the vehicle insured if it is the law in your state. If this is the case, and you are not related to the young driver who stole your vehicle, then you have a civil case against that minor's parents and they would in turn be liable and responsible for any damages you may have been made responsible for.
Can adult child legally be forced to care for elderly parent?
no
Can elderly parent force adult children into power of attorney?
No
Is Hamni bank FDIC insured Is your parent company Mirae What are the assets of your bank.?
Hamni bank is FDIC insured. You can read more about them at Hamni.com.
What happens when an uninsured driver driving an insured car got hit by an insured driver?
P.S. The insured driver is found at-fault with witnesses. The uninsured driver is worried if his license will be suspended or facing any penalty for driving the his parent's INSURED car.
If a grown child has guardianship over an elderly parent and that grown child files personal and or business bankrupcty will any of the elderly parent's funds be used to cover the grown child's debts?
no but you can give money to them
Can the parent take a vehicle that is in the child's name if he is seventeen if the parent bought the vehicle?
Yes
If an uninsured driver lives in your house are you responsible if they have an accident?
There are 3 possibilities: You ARE responsbile (or partly responsible) If (1) the un-insured driver is a minor and you are their parent or guardian (2) you are the owner or part-owner of the vehicle they are driving (3) the un-insured driver is on your insurance. Other than those factors, you would not be responsible for them.
When your parent die are you entitled to money from the government?
You are not necessarily entitled to money from the government, but you are entitled to the amount of life insurance that you parent or parents are insured for.
