Co-owning assets can come with some unwanted surprises. For instance for a sharing car lead to unexpected mechanic bills, accidents not or only partially covered by your insurer etc. Janelle Orsi advises a pre-agreed asset-sharing agreement should be used to cover these situations. But what if your co-ownee doesn't have the cash to pay their share?
If you don't have a pre-agreed asset-sharing agreement or if you just want to ensure that money doesn't become a problem, PeerCover can help.
- PeerCover provides a way for both you and your co-ownee to save for potential surprises.
- PeerCover's services also include an independent recommendation as to whether an expense should be paid from the shared pool - just in case there is a stand-off.
- If you want to know whether your co-owner is keeping up with payments, you can do a quick check online.
So if you are thinking about co-owning, think about PeerCover