answersLogoWhite

0


Best Answer
Insurance for a Car you do not ownYes, You can Insure the property of another Person. So Long as you do so properly and have authorization to do so and the owner is benefited, or an other insurable interest in that property exists.

An example is a case where dad says " OK, you can use my spare car but you gotta get your own coverage".

If You have permissive use from the owner of a vehicle, then obviously you have an insurable interest. However, Only the Legal owner of the Property or the designated agent of the owner can receive compensation for the property in the event of a covered loss, so you need to list the owner as an insured on the policy.

If you buy proper insurance coverage, Then Dad will be proud and happy you were prudent enough to fully insure his and your interest in the vehicle he loaned you.

You can not insure the property of another when no insurable interest exists and only the legitimate owner can receive compensation for a property loss. For Liability purposes any authorized driver has an interest in the insured status of a vehicle they are driving.

List all drivers for liability purposes and list the owner for his property interest.

Failure to disclose ( AKA "concealment") that the vehicle is owned or driven by another can negate any comprehensive or collision coverage and compromise liabilities. Meaning that the company would not have to pay in the event of that type of loss.

______________________________________________________________________

Yes, you can. I did through Allstate Insurance Company. They did not ask if the car was in my name and I did not tell them anything different.

User Avatar

Wiki User

โˆ™ 2015-07-15 20:50:25
This answer is:
๐Ÿ™
0
๐Ÿคจ
0
๐Ÿ˜ฎ
0
User Avatar
Study guides
๐Ÿ““
See all Study Guides
โœ๏ธ
Create a Study Guide

Add your answer:

Earn +20 pts
Q: Can you get a full coverage insurance policy on a car that you do not own?
Write your answer...
Submit
Related questions

Do the laws about car insurance North Carolina say I have to have insurance on my car?

In most states, including North Carolina, you still have to maintain some form of car insurance coverage. If the car is paid off you can drop your policy from full coverage to liability insurance.


If you have full coverage insurance in Ohio will it cover any car you drive?

Usually it does, you would have to check to see if you have a broad coverage policy or not.


Can you have liability only car insurance in Michigan?

In state of Michigan, you can only have liability coverage if your car is paid off. Otherwise, you will have to purchase a full coverage policy.


If you are in an accident in Texas and it is your fault will your insurance cover your car repairs?

Yes, if your policy has adequate coverage. If you have full coverage insurance, your car will be repaired completely and your portion of the repairs will be whatever your deductible is.


If you dont have insurance but the car has full coverage and you are stopped by the police what fine can you get?

Assuming you had permission to drive the car and you are not an excluded operator on the policy covering the vehicle then coverage should apply per the conditions of the policy.


Is there any cheap car insurance Arkansas for liability insurance?

Liability coverage is usually much cheaper than a full coverage policy. However, the final price will depend on your driving record and year of the car.


Car insurance requirements for Massachusetts?

Just like most other cities, Boston also requires drivers have at least liability insurance coverage. If you are financing a car however, you will need a full coverage policy.


Can a car be repossessed because of no collision insurance when standard insurance was active on the car?

If your contract requires full coverage and you do not have full coverage, you are in violation of the contract.


What are a few features of Alabama car insurance?

It depends on the policy that you buy: you can get full coverage, bodily injury, property damage coverage, a full deductible, and several other options.


Does Michigan require car insurance?

The state of Michigan does require that all drivers have some car insurance. This includes either having liability or full policy coverage.


Why do they call it full coverage insurance when a normal policy doesn't cover the full cost of the car if any moneys are owed?

They call it full coverage because it means your car's damages will be paid for regardless of whether or not the damage is your fault.


Will full coverage car insurance cover electrical?

Physical Damage coverage on an auto policy covers all parts of the car that are damaged in a covered loss or covered accident. Maintenance issues are not covered on auto insurance.


Does the co-buyer have to be on the insurance policy if he does not drive the car?

Not where I live in Ohio. My mother co-signed a car for me, and her name didnt have to be on the insurance, as long as the vehicle carried full coverage insurance in my name.


Does car insurance in Indiana reimburse you for hail damage?

Yes, you will be reimbursed if you have full coverage on your car. If you do not have full coverage then you will not be covered.


While my regular car insurance cover a rental car too?

This will depend specifcally on your particlar insurance policy. While it is common place to have rental coverage with a full covrage policy,you should verify this information before renting a car.


Do you need full coverage insurance if your car is 5 years old?

Full coverage requirements have nothing to do with the age of the car. If you still make payments on the car then you still have to have full coverage. If you own the car outright, then you do not have to have it.


Car insurance can coverage medical payment on motorcycle accident?

If you put medical insurance on the policy when the policy was purchased.


How old can a car be and full coverage insurance?

There is no age limit although the value of the car may not justify the cost of full coverage.


What is California's policy on car insurance for disabled drivers?

California laws dictates that people with disabilities cannot be denied car insurance coverage. Each individual will have to be assessed and the risks factors written into the car policy as the insurance company must do, but you can get coverage with insurance companies if you are disabled.


If you have full coverage insurance and a person who is not licensed gets into an accident in your vehicle can insurance cover your car damage?

Yes.Thats what full coverage covers


How does full coverage insurance pay offs work?

Full coverage insurance will help you get your car fixed after it has been wrecked. You can also get a new car if it has been completely totaled.


Can you put full coverage insurance on a car with a salvage title car in Georgia?

I know of no insurance company in any U.S. sate that will give you full coverage on a salvaged vehicle.


Do I Need Full Car Insurance In Colorado?

If the car is paid off, then only liability insurance is needed. If it is not, then you will need a full insurance coverage plan.


What is windscreen car insurance coverage?

Windscreen is an optional car insurance coverage for your insurance policy. It means your damaged windscreen can be repaired without recurring costs and no effect on your no claims bonus.


I was in a car accident and my insurance will not provide a rental car even though i have full coverage can they do that?

You only get a rental if your policy specifies that you chose to pay extra to have rental car coverage. Having collision coverage is not the same thing as having rental. Collision coverage just covers the repairs to your vehicle. If you are not at fault for the accident, the other person's insurance will provide you with a rental car.