Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Please note that it is not permitted to have referral links posted in your signature. Keep these links contained in the appropriate forum. Thank you.

https://www.boards.ie/discussion/2055940817/signature-rules
Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

Do you need to own a car to insure it?

  • 27-05-2009 7:36pm
    #1
    Mr Benevolent
    Closed Accounts Posts: 12,456 ✭✭✭✭


    My mum is taking over my brother's policy, making her the policyholder and him the named driver. Does he have to transfer the car into her name? I keep getting conflicting answers!


Comments

  • #2
    MojoMaker
    Registered Users, Registered Users 2 Posts: 4,929 ✭✭✭MojoMaker


    Google "Insurable interest".


  • #3
    galwaytt
    Registered Users, Registered Users 2 Posts: 12,822 ✭✭✭✭galwaytt


    Nope.

    E.g., cars on Lease or Finance are all actually owned by the finance house, but are insured by the 'keepers'.

    Even having your name on the tax book doesn't mean you own it, either...

    Ode To The Motorist

    “And my existence, while grotesque and incomprehensible to you, generates funds to the exchequer. You don't want to acknowledge that as truth because, deep down in places you don't talk about at the Green Party, you want me on that road, you need me on that road. We use words like freedom, enjoyment, sport and community. We use these words as the backbone of a life spent instilling those values in our families and loved ones. You use them as a punch line. I have neither the time nor the inclination to explain myself to a man who rises and sleeps under the tax revenue and the very freedom to spend it that I provide, and then questions the manner in which I provide it. I would rather you just said "thank you" and went on your way. Otherwise I suggest you pick up a bus pass and get the ********* ********* off the road” 



  • #4
    JHMEG
    Closed Accounts Posts: 7,686 ✭✭✭JHMEG


    No.


  • #5
    CoDy1
    Registered Users, Registered Users 2 Posts: 1,637 ✭✭✭CoDy1


    You insure something you have to have an insurable interest i.e. you cant claim for something you don't own, so therefore your mother would need to be the 'owner' of the vehicle.

    To become the owner of the vehicle you would need to put the Vehicle Licencing Certificate in her name.

    This would mean taking out a new policy as you can't transfer the policy from your brothers name to your mother's.


  • #6
    Fishtits
    Closed Accounts Posts: 1,382 ✭✭✭Fishtits


    As I understand it:

    First point, as mentioned, you must have an insurable interest - ie you stand to lose if something happened to it, eg you can't take out life assurance on a bloke down the street...

    Second point, The VLC doesn't have to have the "owners" name on it, for example, if you lease a vehicle, your name is on the VLC, but the vehicle is "owned" by the leasing Co.

    In short, he doesn't have to transfer ownership, but, they should be very clear as to who will be the main driver etc. and declare same to the Ins. Co.


  • Advertisement
Advertisement