I hit my sons car uninsured car-my insurance won't cover because I cosigned and am listed as an owner?

Answer 1

That is a statement not a question.

But- i get what your going for and unfortunately- that is correct and they are not "screwing you over" as im sure some people will say.

In your contract with your insurance company it states that if you hit your own vehicle it will not be covered by the property damage portion of your policy. This is basically because it's a conflict of interest as you (the at fault party) would be paying to the not at fault party (again- yourself) and that isnt fair for you to get your damages paid (on his vehicle) "free" when you caused the damages. If that makes any sense whatsoever...

but, im sure everyone will say that they are screwing you over and you should get a lawyer. Dont listen to them- for your moneys sake.

Answer 2

The above posts are right. Liability coverage won't pay for any property you damage that is owned by an insured. Since you are co-owner, and you're an insured under the policy, it's not covered. If he was the sole owner, but could be considered insured under the policy (for example if he lived with you) then it still wouldn't be covered for the same reason.

You can check with the insurance department of the state where you live. Some of the states have determined that the particular exclusion in question cannot be enforced. There's a slim chance that they are trying to use something that they can't. I doubt it though.

Answer 3

The above post is effectively correct.

You chose not to buy physical damage insurance on a vehicle you own and hit with your own car.

Think of the moral hazard perspective. If you didn't like the car and didn't want to bother selling, you could hit it hard, and expect the insurer to pay, which they wouldn't.

Technically, if your son has his own insurance policy, he could make a claim against your insurance for property damage. There it gets complicated because it will depend on the wording and registered owership of the vehicle.