No. In India, it is not possible to insure someone else's car. The reason being, the Registration Certificate or car documents should match with the name mentioned in the car insurance policy. Thus, both the documents should be in the same person's name. If the mismatch happens, it would be considered a punishable offense.
One may generally insure the property of another if you have an insurable interest in it. This means that you have a financial interest in the property that may be harmed if the property is damaged or destroyed.
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You absolutely can insure someone elses car. Generally though you dont really have to. Most descent insure companies that insure the owner of the vehicle will cover anyone the owner allows to drive the car as long as that person does not reside in the same household and has a valid drivers license.
Now if you live in the same house with the persons whos car you want to drive, then you will need your own insurance on the car.
Yes, it is possible to insure someone else's car, but the process may depend on the specific circumstances and the laws of the state where the car is registered.
Typically, the registered owner of a car is the one who is responsible for insuring the vehicle. However, there are some situations where someone other than the registered owner can insure a car.
For example, if you are a parent insuring a car that is registered in your child's name or if you are a business insuring a car that is used for commercial purposes. In these cases, the person insuring the car must have a insurable interest in the vehicle, meaning that they have a financial stake in the vehicle, and that they would suffer a financial loss if something were to happen to the vehicle.
It's worth checking with the insurance company for their policy on insuring someone else's car, as it may vary among companies.
Additionally, it's important to note that if you are going to be the primary driver of someone else's car, you should be listed as the primary driver on the insurance policy, otherwise the coverage may be void in case of an accident.
No that is not possible.
Most insurance companies will not, they require you to have an "insurable interest" in the vehicle.
Yes you can.
General principle of insurance is that you can't insure something in which you don't have an interest.
You must have a financial (insurable) interest in a car in order to insure it. It works the same way with home insurance. You must own the home in order to insure it. Thus, whoever owns the car and has the title is the only person who can insure it.
The owner of the car has to register the vehicle. The person on the registration must insure the vehicle, or be listed to drive that vehicle on a family policy. That example sounds close to insurance fraud so please correct the situation. Sell the car to the other person and they have to insure it. Actually it is 100% legal for a person to insure a vehicle registered in someone elses name so long as nothing illegal is going on...it can be the parents etc.....
No, the insurance has to be on your car not someone elses.
That is fraud!
no
yes you can but if you wreck and they have insurance their car will be ok but your screwed
Not without some paperwork showing that you are leasing the vehicle or something like that. Also, it will be very hard to get insurance on the vehicle. If it were easy, I would probably want to register, drive and insure Jeff Gordon's car. See what I mean.
carfax
That is something that you really have tio ask someone about. We can't answer that and the amount varies from person to person anyway.