My question involves an injury that occurred in the state of: California
Last week, my husband totaled our car. So, now my parents are considering buying me a car as a gift. However, due to some legal trouble that I am in (judgement) someone in my family has offered to put the car in his name and I will carry full insurance on it- he would be an excluded driver on the policy. I would have 100,000/300,000/100,000 insurance- comp and collision, and uninsured motorist. Now here is the thing- the person who will own the car has alot to lose if anything goes wrong. He owns a home, cars, and has other assetts.
What is the risk to him by doing this for me? If I have full insurance, does that pretty much cover him or do I have to worry about someone suing him if I am in an accident?