Cohousing-L Mailing List: Re: Subject: Re: car sharing

[Mabel Liang (mabel]

We have someone who is proposing to keep ownership of their (soon-to_be)
second car, but have the association pay via reimbursement for all the
expenses, including insurance, excise taxes.  Individual users would pay
for gas.  That's the gist of the details as I remember them right now.

I understand what you're saying about paying expenses.  That was in the
plan I outlined to my agent.  There was no profit.  He still said it
needed a commercial policy.

Thanks!  Still interested in hearing how your option 2 owner is dealing
with insurance.

-- Mabel :-)

Mabel Liang
mabel [at] twomeeps.com
Software Engineer turned Gardener
Cornerstone Village Cohousing
North Cambridge, MA


---------------------------- Original Message ----------------------------
Subject: RE: [C-L]_ Subject: Re:  car sharing
From:    "Lautner, Patricia" <Patricia.Lautner [at] umassmed.edu>
Date:    Fri, March 16, 2012 11:28 am
To:      "'mabel [at] twomeeps.com'" <mabel [at] twomeeps.com>
         "'Cohousing-L'" <cohousing-l [at] cohousing.org>
--------------------------------------------------------------------------


> If you talk to the agent they will tell you that you need a commercial
> policy.  I just said to my agent that I have a close friend who is also
> insuring her car with your company.  I'd like to add her name to my policy
> because I sometimes lend her the car.  They thanked me, added her name,
> and increased the insurance slightly (not to the commercial level).  Her
> husband also uses the car but we didn't bother with his name because at
> the time we expected that he would use the car less often.
>
> Regarding money changing hands:  Each person is paying for usage, although
> it's true that it's all under my name.  I pay the bills and send an
> invoice to my neighbor each month.
>
> If your HOA is planning to own the car and have people pay for usage
> through condo fees, I imagine you would need to have a commercial policy.
>
>
>
> -----Original Message-----
> From: Mabel Liang [mailto:mabel [at] twomeeps.com]
> Sent: Friday, March 16, 2012 10:33 AM
> To: Cohousing-L
> Subject: Re: [C-L]_ Subject: Re: car sharing
>
>
> Hi Patti,
>
> I would certainly be interested in knowing about option 2.  For that
> matter, I'd also be interested in what you told the agent about the
> details in option 1.  When I discussed a cost-sharing arrangement with my
> insurance agent (also in MA) a few years ago, he said we would need a
> commercial policy.  And if the financial arrangement wasn't disclosed and
> there was an accident with the non-owner driver, the details of the
> arrangement might come out under questioning and the non-commercial
> insurance might not cover it.  The key seemed to be money changing hands,
> not whether it was for profit.
>
> Thanks!
>
> -- Mabel :-)
>
> Mabel Liang
> mabel [at] twomeeps.com
> Software Engineer turned Gardener
> Cornerstone village Cohousing
> North Cambridge, MA
>
>
>