Tag: bills

Is it possible to insure a car that is in someone else’s name? Yes, you can. You must, however, have an insurable interest in the car. And in the event of a covered loss, any compensation rewarded will only go to the legal owner of the vehicle. If the car is being financed, then it just depends on the insurance company’s policy. Some will require that you and the owner are both named insured on the policy, and some won’t let you do it at all. In these instances, the legal owner of the vehicle should get the policy in his or her name and write you in as the principle operator of the automobile.