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You can not insure the property of another when no insurable interest exists. It would be unlawful to insure the property or life of another where the intent is to gain unduly from anothers loss.
What else can I help you with?
Can a person insure property that belongs to someone else?
No, in order to get an insurance policy on property you need to have an insurable interest. Meaning you need to own the property or have some other interest in the property.
Is it legal to carry property insurance on someone else's property?
Insurance for someone else's propertyYes, You can legally Insure the property of another person. So Long as you have authorization to do so and the owner is benefited, or an other insurable interest in that property exists. There are many situations where a third party may need to obtain property insurance such as, Estate Executors, Court Appointed Trustees, Dependents, Bailees, Tenants, Persons holding POA, or living wills, etc..You can not insure the property of another when no insurable interest exists. It would be unlawful to insure the property or life of another where the intent is to gain unduly from another persons loss.
Can you get homeowners insurance on someone elses property?
You must have an insurable interest to effect valid coverage. Property must be insured in the name of the owner. So if you want to buy someone else a policy for their property you can certainly pay the bill for some else's property insurance but you can not insure it in your own name. If you insured someone else's home in any name other than the legal property owner and it burned down or suffered some other loss, the Insurance company can not legally pay your claim simply because the property does not belong to you. They would also not have to pay the owner because he or she was not an insured on the policy. The proper way to insure it would be under the name of the legal owner, If you also have an insurable interest in the property, then your name can be added as a co-insured. Should a claim arise, the claim check would be issued under both names.
Can you insure another homeowner if I do not own the home?
Well, I suppose you can pay his insuance bills if you want to.
Are their any rules governing who can place homes for sale or can you do it without a license?
You don't have to have any sort of license to sell your own home. You do however have to have a real estate license to sell someone else's home.
Can you own a vehicle but have someone else insure it?
Yes
Can you own a vehicle and have someone else insure it?
no government are going to allow it
Can someone else license and insure a car you own?
YES - registration and insurance are separate from ownership.
Can someone else insure a car if the loan is in your name?
Depending on the state you must at least cosign.
When insuring a commercial truck does the person insuring the truck have to have a CDL?
No, not to insure it just to drive it. You can insure it and let someone else drive it as long as they have their Class A CDL.
Can you insure someone else's financed car?
No. Insurance cannot be obtained on property which the policy holder has no vested interest or ability to control.
Title is in your name can you insure vehicle and someone else register it in ny?
To give you a basic answer, the insurance company will only insure a vehicle if the listed owner is on the policy. Mark
Can someone own a car but have someone else insure it?
Yes. Many insurance companies will not be willing to insure this type of risk, but you will be able to find a company to do this. The primary concern for most insurance companies is who is the main operator of the vehicle.
Do you need a motorbike license to insure a motorbike?
if you're going to use the bike, then Yes. if it's for someone else, then No
Can you get home insurance on a home you are renting?
You can buy insurance on whether or not it will rain tomorrow. This is just to show that you can insure anything. Now for your question. I'm not sure I completely understand it. You cannot insure something that you don't own so if you mean can you insure a home that you are paying rent to live in then no. You can purchase a homeowners policy to insure your contents inside the home as well as your liability should you be sued by someone hurt on the property. This would be an HO-4 policy form. If you are asking if you can insure a home you are renting to someone else for them to live in then the answer is also yes. You would need a dwelling fire policy that stipulates it is tenant occupied which can be a DP-1, DP-2, or DP-3 depending on the condition of the property and the coverage you desire. You will also want to make sure you endorse the policy to provide liability coverage as well and to cover any property inside the home that you own.
Can you insure someone else?
No, this is a form of fraud as the person you are insuring may have a lower or higher rate than you depending on their claims history.
Can someone else insure a car you own?
insurance for some one else's vehicle, yes another person can insure someone's else property, so long as you have an INsurable interest or authorization to do so and the owner is benefited, In other words, The owner also has to be a listed insured on the policy.If you give the permission to another person. obviously they will have an insurable interest, however, only the legal owner of the property can receive compensation in the event of a covered lossyou can not insure the property of another when no insurable interest exists
