1 sports car and 2 insurance policies?
Can 1 car be insured by 2 different people? 1 individual can have more than one insurance policy, can a car? Take this hypothetical situation, father, mother and son adjectives live at the same address (mother doesn't drive). Father owns and insures his own (not a company car!) private motor. Can the son also insure the same car? If not why do insurance companies ask if you own the motor? Thanks in advance!
Answers:
you can have multiple relatives insured on one car. you will have the primary personality - which will be the registered owner of the vehicle, and then also what they call name drivers. the insurance will all go lower than the one policy but will list all those allowed to drive the vehicle.
if you do some online quotes for an example you will see how it effects the amount remunerated to the insurance company.
also one thing to bear surrounded by mind is that some insurance companies do not allow named drivers to gain no claims bonus, so look around for those who do (they do exist, but can't think of the top of my chief who were advertising it).
god luck.
No you can't, contained by the UK at any rate. The car needs to be insured contained by the name of the principal user and there can with the sole purpose be one insurance policy in force for a particular vehicle. It's the principle specified as "betterment", where multiple policies and therefore multiple claims for matching vehicle and same incident could leave you better off than you be before. That's not allowed.
For your example father should incorporate son as a named driver to his own cover.
My wife and I have separate car insurance to drive my daughters car for a short length. Just for a month, cost about lb25.00
Only the individual who's name is on the registration of the car will enjoy the policy. Anyone else who may drive the car can be added to that policy but they will not have their own separate policy.
be kind of foolish to have two and remuneration two when only one wil cover car you would be paying for nought
Only the right full owner can insure a car.But 2 or more name drivers.
you can technically but here is no need to. It's kind of thin money as each company will owe for a prorated amount.
They ask if you own the vehicle for many reason, For example to know who to pay or to make sure that they are insuring the proper entity.
Some companies have different requirements as to who can be insured by their company. Not just underwrite reasons but certain groups of those may only have the insurance. Sort of close to how credit unions operate.
Now depending on how old the son is he can see in the region of purchasing a non-owners policy. Say you are 27 years old but live at home. A non-owners policy will provide additional liability on an excess starting place should you be at fault for any vehicle that you drive. Example would be you are driving your dad's vehicle and have a horrible twist of fate. someone is seriously injured or killed. Your dad does not have adequate insurance to cover the injuries so then your non-owners policy would then see in. If you are still a dependent under your parents after all of this is pretty much a non-issue.
Hope this helps! Source(s): claims adj
Related Questions:
Answers:
you can have multiple relatives insured on one car. you will have the primary personality - which will be the registered owner of the vehicle, and then also what they call name drivers. the insurance will all go lower than the one policy but will list all those allowed to drive the vehicle.
if you do some online quotes for an example you will see how it effects the amount remunerated to the insurance company.
also one thing to bear surrounded by mind is that some insurance companies do not allow named drivers to gain no claims bonus, so look around for those who do (they do exist, but can't think of the top of my chief who were advertising it).
god luck.
No you can't, contained by the UK at any rate. The car needs to be insured contained by the name of the principal user and there can with the sole purpose be one insurance policy in force for a particular vehicle. It's the principle specified as "betterment", where multiple policies and therefore multiple claims for matching vehicle and same incident could leave you better off than you be before. That's not allowed.
For your example father should incorporate son as a named driver to his own cover.
My wife and I have separate car insurance to drive my daughters car for a short length. Just for a month, cost about lb25.00
Only the individual who's name is on the registration of the car will enjoy the policy. Anyone else who may drive the car can be added to that policy but they will not have their own separate policy.
be kind of foolish to have two and remuneration two when only one wil cover car you would be paying for nought
Only the right full owner can insure a car.But 2 or more name drivers.
you can technically but here is no need to. It's kind of thin money as each company will owe for a prorated amount.
They ask if you own the vehicle for many reason, For example to know who to pay or to make sure that they are insuring the proper entity.
Some companies have different requirements as to who can be insured by their company. Not just underwrite reasons but certain groups of those may only have the insurance. Sort of close to how credit unions operate.
Now depending on how old the son is he can see in the region of purchasing a non-owners policy. Say you are 27 years old but live at home. A non-owners policy will provide additional liability on an excess starting place should you be at fault for any vehicle that you drive. Example would be you are driving your dad's vehicle and have a horrible twist of fate. someone is seriously injured or killed. Your dad does not have adequate insurance to cover the injuries so then your non-owners policy would then see in. If you are still a dependent under your parents after all of this is pretty much a non-issue.
Hope this helps! Source(s): claims adj
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