DemonDave

iTrader: (13)

As per subject ... best ins company for insuring a private individual on a car owned by the company they work for.

adamm

Is the car registered in your name or not ??

DemonDave

iTrader: (13)

Adam,

The car is a m8's and he gets it next week. It will be registered in the company name

Dave

adamm

Ahh - you may have a problemn with something called "insurable interest" AFAIK it's illegal to insure something that if lost/stolen damaged etc and there is no loss to yourself. The idea is that you can't insure your neigbours Tv, and then benefit from it, if it was stolen. I'm sure one of the insurance peeps in here will be able to explain it better.

If you have no "insurable interest" in something you can't insure it...

steve McCulloch

Is that true!?

I have been told many times that the car does not need to be in my name to insure it - by insurance companies....(and no not the stupid ones...)

I can register the car in my Dads name and still insure it myself.....

Weirder still is to have a car that has no insurance at all - my company is self insured to a level.... but I have insurance on my own car as well as my company one

adamm

Take a look at the policy small print or proposal form - should say something like "the car has to be owned by you or registered in your own name"

If you have ignored that part and have a write off - first thing insurance co asks for is the reg doc - and if it does not have your name on it ... hmmmm....

Only traders can insure vehicles that they don't own as they have an insurable interest in it - i.e. they will get sued for loss by the owner...

Rum*

Dave,

Call me tomorrow and I'll see if I can assist.

There is nothing wrong with insuring a car that isn't yours...so long as the interest of the owner is noted within the policy...

As above, insurable interest does apply...but if the policy has noted that you are not the owner, then, cover is fairly straight forward.

If you think about it, when/if you lease/contract hire a vehicle...you are not the owner...however you are responsible for the insurance...

Our number is 0113 250 0377 - the likes of Norwich Union, Allianz Cornhill etc will all cover thois sort of risk.

Best regards.

Rum* (aka Tom)

DemonDave

iTrader: (13)

Tom,

Thanks for that, my m8 has managed to track down a good price already, but I will pass on your number and then it is up to him.

Thanks,

Dave.