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If you and your dad are on the car title and you are the primary borrower can your dad get insurance for the car and just add you as a co-driver?

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2015-07-16 19:19:35
2015-07-16 19:19:35

No. The owner of the vehicle is responsible for insuring it and the only way it would be valid.

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Only if their name is on the title or by a court decree after suing the primary for not paying the loan.Only if their name is on the title or by a court decree after suing the primary for not paying the loan.Only if their name is on the title or by a court decree after suing the primary for not paying the loan.Only if their name is on the title or by a court decree after suing the primary for not paying the loan.

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In order for a lender to loan funds to a borrower with real property as the security, the borrower's title to the property must be guaranteed so that in the event of a foreclosure the lender will acquire good title to the premises. Title is guaranteed via a title examination, an attorney's certification that they have examined the title and all outstanding encumbrances have been reported and title is in the name of the borrower, and a title insurance policy that covers the lender's interest.In order for a lender to loan funds to a borrower with real property as the security, the borrower's title to the property must be guaranteed so that in the event of a foreclosure the lender will acquire good title to the premises. Title is guaranteed via a title examination, an attorney's certification that they have examined the title and all outstanding encumbrances have been reported and title is in the name of the borrower, and a title insurance policy that covers the lender's interest.In order for a lender to loan funds to a borrower with real property as the security, the borrower's title to the property must be guaranteed so that in the event of a foreclosure the lender will acquire good title to the premises. Title is guaranteed via a title examination, an attorney's certification that they have examined the title and all outstanding encumbrances have been reported and title is in the name of the borrower, and a title insurance policy that covers the lender's interest.In order for a lender to loan funds to a borrower with real property as the security, the borrower's title to the property must be guaranteed so that in the event of a foreclosure the lender will acquire good title to the premises. Title is guaranteed via a title examination, an attorney's certification that they have examined the title and all outstanding encumbrances have been reported and title is in the name of the borrower, and a title insurance policy that covers the lender's interest.

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A Lender will require a Lenders Title Insurance policy if they are extending credit on a property. The Lenders title insurance policy is based off of the Loan amount that the borrower receives. It will only protect the lenders interest in the property if a problem arises on title.

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Not arbitrarily, the co-signer would need to sue the primary borrower and be awarded the vehicle or the money owed to complete the loan agreement.

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A borrower should not have a title in their possession that they have borrowed money against. This belongs with the lender. Should the borrower sell the car, they would be libel.


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