Insurance Question

[347Mike]

I recently bought a 2013 5.0 and sold my truck to my roommates girlfriend.
The truck I'm selling still has a small note on it which is nearing payoff.

My question is since there is still a note on the truck do I need to keep full coverage in my name or can she insure full coverage in her name?

[03mustangdude]

Depends if your willing to risk her not paying on the insurance and having a wreck you would be on the hook for said note.

[Mike]

She can get full coverage insurance in her name. It doesn't matter who's name the vehicle is in.

[Buick355]

She can get full coverage insurance in her name. It doesn't matter who's name the vehicle is in.

Yup, all the lienholder cares about is if it will be covered if it gets wrecked.

[347Mike]

Thanks guys!

[Mike]

Thanks guys!

You're welcome, Rick.