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Can the name on the insurance policy differ from the name on the car loan?
Wiki User
∙ 8y ago
Anyone driving and all owners of the vehicle should be a named scheduled driver on the Auto Insurance Policy to have proper coverage under your states financial responsibility laws.
The terms of your Finance Note if the vehicle is financed will also require that the purchaser be listed as an insured in order to be in compliance with the Finance Note.
Wiki User
∙ 8y ago
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Can I get insurance on a car that the loan is in his name only?
yes. if you're living together, his policy requires you to be on it.
Can you have a car loan in your name and someone else carry the insurance on the car?
Your name must be on the insurance policy, otherwise you are not a covered driver under that insurance policy. Failure to disclose a known driver can void any coverages afforded by the policy and is a well known form of insurance fraud.
Is it possible to have your name on your parents insurance policy if the car loan and the registration are in your name?
This is not a good idea. You need your own insurance policy. There are coverages you do not have by being on your parents policy. You want to be a "named insured". This means that you control the policy and not your parents. If you want to loan your car to anyone you can, if you are on your parents policy you cannot do this. Also if you need to rent a car, you are not covered under your parents policy to do this. You would be under your own policy. Contact your insurance agent for a better explanation.
If a friend wants to buy your car but doesn't have the credit to get a loan and you keep the car loan and insurance and they pay you the car payment and insurance who is liable if there is an accident?
The person with the insurance. Never allow someone who isn't on the policy to drive the car. * The person who has their name on the title is primarily responsible, so since there is a loan on the car in your name, the title must still be in your name. If your friend crashes the car YOU will be responsible for HIS injuries as well as any damage and injuries to others. If you do not have his name on the policy as the primary driver and the insurance company finds out he was buying the car from you and driving it on a regular basis, they may refuse the claim AND prosecute you for insurance fraud. == ==
If I lease my car to my fiance to be on his insurance policy as a member of the household and need a notarized letter for proof will his company accept me without insurance and does that matter?
Probably, some companies only require that you have care custody and control of the vehicle in order to be the named insured. Other companies require that you be the registered owner. The problem that arises is that the finance company usually wants to have the evidence of insurance be in the name of the person responsible for the loan. If you are the named insured but not the name on the loan then the loan company may require that the person on the loan also be on the insurance policy as a named insured. The best way to do this is to have the person that owns the car get the insurance and list you the driver as the principle operator.
What is the name of the holder of an insurance policy?
is it a policy holder?
Does auto insurance policy have to be in the same name as on the title?
does the name on the insurance policy have to be the same as the title in anderson south carolina
Can you get insurance on auto that is not in your name?
You can pay for insurance on an auto that is not yours...but the policy must be the titleholder's policy.
Does a homeowners insurance policy have to have the name of the current owners on the policy?
Yes, of course. The current owners on the policy have to pay for the insurance policy, This is why this policy states that it is a homeowners policy.
How can i find out if i had insurance with you?
You should review your insurance policy. The name of your insurer will be displayed on your policy declarations page.
How can you find a life insurance policy if you have insurance company name and policy number?
You can call the insurance company and provide your policy number, and they can provide any details on your policy, or send a duplicate policy if the original was lost.
Can you insure a car under a different name if you are still making payments?
Not enough information is given. The insurance is going to have to in the same name as the name of the owner on the loan papers. Who it is that actually MAKES the payments is immaterial to the insuror or the lender, just so long as the insurance policy is current.
