That would be the best path IMO. If they end up not affording coverage it's note due to your actions or even those of the other insurance company, you just had bad luck and got hit by a shitty dude that didn't have his things in order. If that is the case I would go to your own insurance company and see about filing with your collision coverage. If you have that coverage you will have to pay a deductible (usually $500 is the standard) but all the repairs over that deductible amount will be covered by your company. There is even a chance you could have a coverage known as Uninsured Motorist Property Damage or UMPD which would allow you to get your car fixed for free without a deductible if the other company ends up not affording coverage to their driver. However, UMPD is not standard and the majority of people don't carry that coverage, I couldn't tell you if you do or not

If that is the case, it may be worth a complaint to the CA department of insurance to see about a refund for this year and a pro-rated refund for last year

Sorry I edited the reply. You response was fast which is appreciated. Please see the add about email confirming policy cancelation.

> She admitted to not actually canceling

Ahh, so we have the truth.

She can call and cancel and get a pro-rated refund.

She should have called and cancelled in March 2022 and gotten a pro-rated refund

I would talk to different lenders. Many only have a 2yr look back for bankruptcy, so the fact it was in 2019 should still allow you to do a conventional loan through many other lenders.

Does your wife not have any other debt? Just a quick back of the envelope calculation, the PITIA on a $320K mortgage would be just a hair under the DTI requirements for most lenders (43%), which doesn't really give her much room for any additional debt in her name.

That said; there is nothing inherently wrong with the loan being in just her name if it's advantageous for PMI rates. She is taking on the financial risk, however. She would be wise not to put you on the title. If things don't work out between you and you're on the title but not the loan, you are entitled every bit as much to the house as she is without any of the financial obligation.

No, policies should cover the basics of what the laws require. Setting a stipulation within a contract that invalidates the coverage for which a vendor is required to provide proof is exactly the type of avoidance that mandated vehicle coverage in the first place. It’s great and all that some scam artist with a high school education decided they could stipulate something to deny claims, but they should be charged with multiple felonies for that same act.

Either insurance covers a vehicle or not. If there is no coverage, that vehicle should not be licensed and no premiums should be paid. That vehicle should not be on the public roads if coverage and license are not granted. That’s the deal that you think can be violated to deny claims.

Thank you for the advice! Yes the deed debt thing, I’m glad I am aware of this!

Called her. I was a bit way off. She moved out in march 2022. Paid a 1 year lumpsum in January 2022 even though she moved out March 2022(things changed) and was told it would not be auto charged by the renters insurance company. She called again early this January and was told then it wouldn't charge. She admitted to not actually canceling but was under impression it would kinda end on its own I guess. She also found an email saying her policy was canceled in April 2022 so she thinks she canceled then.

Thanks for the input! Noted

I'm definitely taking some of the advice here with a grain of salt. Communication and cooperation all around seem like the logical path me, so I'm not just going to refuse to speak to an involved party. Thanks for the input!

>My question is what would you guys do in this situation?

Hard no. I don't care how amicable the split.

If I'm in her shoes, if I can't afford the house on my own then I can't afford the house, tough cookies but much better in the long run. I'd sell the truck to help pay for the house before giving it to the ex as a bribe/quid pro quo.

If I'm in your shoes, I want to move on and not be tied financially to someone I'm not married to for the next two decades and not be able to get a house of my own during that time. (It's entirely possible that mortgage rates will never again be as low as your current rate during the life of your loan.)

You’re not going to be able to get another home loan if you’re still on the other mortgage. Or it will be very difficult. I get why you’re thinking about this, but it is a bad idea in the long run to be financially entangled once you’re divorced. If you’re wanting to move on you cannot be financially still in the same spot. You would also be much more hard pressed to get off the mortgage in the future if you needed to and had not taken care of it prior to divorce. The remedy would likely be more cumbersome and expensive legally speaking because it is not a regular equitable distribution issue, it would be some other form of legal suit that is not as straight forward. And goodness forbid you get your name off the deed and not off the debt!

As someone that works in auto insurance claims this is AWFUL advice, OP don't listen to this person. There is a scary amount of misinformation in this thread from people who don't work in auto insurance and don't know what they are talking about. Cooperate with the investigation and speak with his insurance company, they are the ones that will (hopefully) be paying your vehicle's damages and your cooperation will make everything much smoother. I can't tell you many times I have seen instances where we are trying desperately to give money to someone our policyholder has hit, but they refuse to speak to us or help us with an investigation and just screw themselves out of reimbursement sometimes just through non-cooperation.

A coverage investigation means that the person that hit you may have not had valid insurance coverage at the time of the loss. This could mean that the car he hit you with wasn't the same vehicle on his insurance policy, this commonly happens when someone buys a new vehicle and forgets to add it to their insurance policy so the vehicle is technically uninsured. Another reason for a coverage investigation could be that they were an unlisted driver, meaning the vehicle they were driving is on an insurance policy belonging to someone else and they are not the actual driver of the vehicle as listed on the insurance policy. Whatever it is, it's nothing you /u/SereneFrost72 and is just bad luck if this asshole didn't have proper coverage. But I highly recommend you cooperate with his company and do whatever is asked of you within reason

I would have at least 6 months of expenses in savings before you pay off the car. Always be prepared for unforeseen circumstances!

MONTHLY?!

They don’t decide after the fact. At the start of the policy as well as during the underwriting process it specifically excludes business use and most will ask will you be using it for business. If you answer no to this question it’s misrepresentation. Don’t get me wrong there’s a plethora of things wrong with insurance but this is not one of them. People need to read their policies and understand what is and is not covered.

If I need to turn the 4 week into 13 week, I’d this possible with auto roll? Or do I have to manually buy the 13 week after the 4 week matures? Then activate auto roll the ?

I think you need to figure out the timing better

Thank you. When I take a look right now I see 0 t-bills available? Is there a certain day they become available?

No kids involved. She has a son but from a past relationship. And yes agreed. We are both talking to divorce lawyers now to get things going. Our bank accounts were all separate, no prenup, she gave me back my half of the house down payment as well as the car down payment when I moved out.

I'm starting to think it was longer than 4 months ago because it might have been a 6 month lumpsum payment. She checked with whoever it is that the insurance is through at the beginning of the month and was told she would not be getting charged again. She talked about it before kinda worried it would happen anyway. Sorry I don't have much experience with this as I never rented in a contracted way. I've rented but for an internship at a company guys house with other interns and we venmo'd him.

Your employer’s. It’s the same thing as the 401K. You can’t just open a 403b/401K on your own unless you own a business.

Thanks Cum_cuddle

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That's a great question for your insurance company.

Typically they will arrange a body shop to fix it and cover the expense for you.