While the answer is a bit complicated, it is possible. But first, you need to ask
yourself, “Why would you want to insure someone car?” and & “How do you go about
it?” So, here, we’ve gathered things to know about insuring a car you don’t own.
Why Do You Plan to Insure Someone Else’s Car?
Most insurers will first consider their insurable interest if you’re planning to insure
a car you don’t own. Insurable interest represents the basis of all contracts and
protects anything subjected to financial loss. It means your drive and motive behind
the decision to insure. Insurance companies want to ensure you have clear purposes
for the vehicle and do not pose any risk. This makes the entire process a bit
complex.
How To Insure Someone Else’s Car?
You need to find a way to convince insurers of your interest and your financial stake if you want to insure someone else car. Do you need someone car to get to school or work? Are you getting a vehicle as a gift? You must be sincere about your intentions with your insurer because lying is illegal and can get you into serious trouble. Some
of the ways you can insure a vehicle you don’t own are:
- Buy short-term insurance: This policy usually lasts 1-28 days, but some can cover you for some months.
- Add yourself as a driver: Adding yourself to the car owner’s policy is a great way to drive a vehicle you don’t own.
- Take out your policy on the vehicle: A single car can get more than one insurance policy. However, this can complicate matters for you when filing a claim.
- Get non-owners insurance: This policy will offer you extra coverage no matter whose car you drive.
