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Can your daughter provide insurance for a car if the loan and the registration are in your name?


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2015-07-15 18:26:27
2015-07-15 18:26:27

There are so many potential scenarios in this situation.

Are you wishing to insure it via the daughter because she has a better record, thus better rates? That would, of course, be considered fraud, and is not advised. Additionally, they are going to rate the policy based on all drivers in the house, so the rates may not improve anyway.

Does the daughter live in the same residence? Most other family members would also be covered, IN MOST CASES WITH MOST COMPANIES, but most also require a DMV check on each driver in the house. The company can also list a specific 'named driver exclusion'. I.E. Seventeen year old Johnny has already received three violations; carrier will continue coverage but require a named exclusion for Johnny. They will cover NO accidents or incidents in which Johnny is the driver.

If she is NOT in the house, is not a regular driver of the insured vehicle, and has no legal relationship to the vehicle financially, but is better able to meet the financial obligation of the premiums, then you should simply have her give the monies to you each month.


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If you have defaulted on your loan and not returned the vehicle, then you have basically committed a theft.

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Yes: Your spouse/children can be included on your insurance policy regardless of who was/if there was a cosigner on the car.

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MORE DETAILS My wife and I are both on a loan for our vehicle but I have a 2nd vehicle I use and she uses the one under the lien Currently we both are on the registration and insurance To make insurance rate more affordable for us can I remove myself from the reg and ins even though I am on the lien.

If you check your financial institution they can provide you with a list of companies that offer loan insurance. Another place to look would be on the internet.

One can get a loan for life insurance from a few locations. There are a few banks that will allow you to take out a loan using your life insurance payout as collateral.

Loan insurance protects you in event of something happening. If you die, your relatives are not responsible for making loan payment. I highly suggest loan insurance to everyone who wishes to take out a loan.

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.

Blackhorse finance offers, all different kinds of insurance like, car insurance, home insurance, and travel insurance. They also have more less purchased insurances. Blackhorse finance provide money for loan, insurance and property.

Most Loans Have An Insurance On The Person The Loan Is Made Out To. Check This Out, Get A Copy Of The Contract. If There Is Life Insurance AOn The Person That You Cosigned For, Then The Loan Should Be Paid Off By Insurance On Loan GOOD LUCK

Whoever's name is on the registration is the legal owner. If the person is co-signer on a loan, your spouse, guarantor on the loan, or named on the registration or insurance policy, then you might be charged yourself with filing a false report. You may be able to report the incident as "unauthorized use of a motor vehicle" instead of theft.

By co-signing the loan, they are guaranteeing that you will repay the loan. They do not need to be on the auto insurance policy, but it would be in their best interest.

there is no service to provide loan on djuice

Laws vary from state to state, but here in Kentucky, the answer would be no. The reason for this is the item be registered is securing the loan, and if it were to have to be repossessed, or reclaimed by the lender, the owner that was not on the loan could have legal standing to protest the action. Therefore the people on the registration also are on the loan.

It is often better to be through an insurance agency, often times a dealer will provide you with an insurance agent.

Government banks in India provide study abroad loan up to 20lacs while provide education loan agencies provide unlimited study abroad loan.

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