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Can you have a car loan in your name and someone else carry the insurance on the car?
Wiki User
∙ 15y ago
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.
Wiki User
∙ 15y ago
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What insurance is need for your RV loan?
Most loan companies will require that you have liability, collision, and comprehensive coverage. That covers you hitting someone else, someone hitting you, and loss due to fire, theft, storm damage, etc.
How do you put your car loan in someone else's name?
You just can't place your loan in someone else's name. That other person has to get his/her own loan for the car and pay off your loan.
Do you have to carry mortgage insurance?
No you don't have to, but you would be a fool not to carry enough insurance to cover your mortgage! However, most mortgage lenders do require it, and if so, they will not make the loan if you refuse to carry the mortgage insurance. In that case, the choice is yours.
Can you use someone else's property as collateral for a loan?
yes you can, provided the owner of the property agrees to mortgage it for the loan
Can you send credit from someone to someone else?
No, you can not give credit that you have to someone else. You can loan someone money or your credit card, but you are still responsible for paying the credit card company back.
Can you insure a car that the loan is in someone else's name?
Insuring a Vehicle in someone else's name.Yes you can. So long as you also list the owner as an insured. See the related questions below. Other AnswersNo, the insurance needs to be in the same name as the person on the loan.
Can a personal loan between sister be willed to someone else?
A personal loan is an asset to the estate. As such it can be willed to someone else if there is proper documentation of the loan.
What insurance is need for your RV loan?
Most loan companies will require that you have liability, collision, and comprehensive coverage. That covers you hitting someone else, someone hitting you, and loss due to fire, theft, storm damage, etc.
How do you put your car loan in someone else's name?
You just can't place your loan in someone else's name. That other person has to get his/her own loan for the car and pay off your loan.
Are required to have homeowners insurance on just a credit line?
You will be required to carry insurance to protect any collateral for a loan, no matter how much the amount of the loan.
What is a contract that let you rent someone else's possessions?
loan
Do you have to carry mortgage insurance?
No you don't have to, but you would be a fool not to carry enough insurance to cover your mortgage! However, most mortgage lenders do require it, and if so, they will not make the loan if you refuse to carry the mortgage insurance. In that case, the choice is yours.
How do you get out of a used car loan?
To get out of a used car loan, pay off the loan or find someone else who will do that.
Is it illegal to loan a drivers license to someone else?
Yes. A license cannot be 'loaned' to someone else.
What is a mdi adjustment on a car payment?
When you take a loan out on a car, the company that loans you the money requires you to carry insurance to cover the loss of the vehicle in an accident. If you do not provide them with information, or do not carry insurance, they will get insurance for you, and charge you the cost.
Does your car insurance cover your car if you loan it to someone in Texas?
Texas or not the policy you insurance company has you on determines that
Can someone purchase a vehicle then register that vehicle to someone else but continue to pay for the loan?
Yes, you can take out a loan for a vehicle for someone else and make the payments on it, but the only way you can put the vehicle in their name is if you have their permission.
