Webster states that to show joint ownership or a similar relationship, either the last noun alone or each of the nouns takes the possesive form.
Ex: My mother and father's wedding or
my mother's and father's wedding.
Similarly, to show separate ownership or a similar relationship, each noun takes the possessive form.
Ex: My mother's car and my father's car.
This example can be ambiguous as it may suggest eihter a joint or a separate ownership.
To mean separate ownership sticking to this form, can we say: Both my mother's and my father's car have been damaged in the earthquake and Both my mother's and my father's car each have been damaged in the earthquake?
I would say, "Both my mother's car and my father's car were damaged in the earthquake."
[not a teacher]
Thank you