answersLogoWhite

0


Best Answer

Probably, some companies only require that you have care custody and control of the vehicle in order to be the named insured. Other companies require that you be the registered owner. The problem that arises is that the finance company usually wants to have the evidence of insurance be in the name of the person responsible for the loan. If you are the named insured but not the name on the loan then the loan company may require that the person on the loan also be on the insurance policy as a named insured. The best way to do this is to have the person that owns the car get the insurance and list you the driver as the principle operator.

User Avatar

Wiki User

14y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Can you insure a car that is financed under someone else's name?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Can you register your car in someone elses name if its under a loan?

no


You got a ticket under someone elses name?

Then you have not got a ticket. Unless you were being fraudulent


Where the guestbook on stardoll?

Go to your page or someone elses- then look under their suite area to the right. There's the guestbook


How do you unregister and register my ipod under somebody else name?

Connecting your iPod to iTunes and doing a factory reset will allow you to register it under someone elses name.


Can you lease your vehicle to someone while keeping the vehicle in your name?

It is never recommended to have someone elses using your vehicle on daily basis under your name. save yourself some trouble.


How can you find out who the insurer is on someone elses property?

You ask them. If they wan to tell you they will. Otherwise it's confidential information protected under State and Federal privacy Laws.


Can you use a copy right material that does not follow under fair use can you use it and how.?

No. Legally, since it doesn't fall under the fair use exception, you would need to seek permission to use someone elses material.


Can a dealership but a car under someone elses name if they are not present?

Can a dealership have the person they’re buying a car sign for the person who’s cosigning the car


Where would a Pokemon platinum be if you lost it?

in someone elses ds or under your bed,in the basement in your dresser, on top of the fridge or even some where you would never look in like the bathroom or at school


Can a person take out life insurance on their sick daughter?

you can if your daughter is younger than 18 years. but they cant sell you an insurance if it is not under your name. you have to be able to have someone to insure.


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.


If you finance a car for someone can they insure it in their own name?

Yes of course, they are required to insure it in their name if they are buying the vehicle by financed note. The buyer is the new owner of the vehicle. All drivers are required to maintain financial Responsibility when operating a vehicle on public roads. The financiers interest is typically covered also by requiring the buyer list them as a lienholder on the policy. This requirement is generally built into the finance agreement There are also separate business insurance product lines that will cover a lienholders interest in a financed vehicle. The financier trying to insure the vehicle on a standard personal auto policy is an attempt to circumvent the insurance laws and constitutes insurance fraud by failing to disclose the true nature of the the risk to the insurer. Under finance law, the buyer is the legal owner of the vehicle even theough the note is not paid off with certain encumbrances denoted in the finance agreement. The financier is a lienholder in due course until such time as the finance note has been satisfied.