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EarlyBay Forums
General Earlybay Chat
Insurance on a mates car
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<blockquote data-quote="Turkish" data-source="post: 162958" data-attributes="member: 678"><p>This shouldn't be an issue, all policies require you to have an insurable interest in the item being insured. The fact that you have been allowed to drive gives you an insurable interest.</p><p></p><p>You must declare to insurers that you do not own the vehicle, as in the event of a claim if you are the policy holder you will be the person paid out and thus being able to run off with the cash.</p><p></p><p>Fact is setting this aside the log book just records the registered keeper not the owner!</p><p></p><p>Hope this helps, just be up front and you should be OK</p></blockquote><p></p>
[QUOTE="Turkish, post: 162958, member: 678"] This shouldn't be an issue, all policies require you to have an insurable interest in the item being insured. The fact that you have been allowed to drive gives you an insurable interest. You must declare to insurers that you do not own the vehicle, as in the event of a claim if you are the policy holder you will be the person paid out and thus being able to run off with the cash. Fact is setting this aside the log book just records the registered keeper not the owner! Hope this helps, just be up front and you should be OK [/QUOTE]
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EarlyBay Forums
General Earlybay Chat
Insurance on a mates car
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