Insuring a car

shugy

Ive been with same insurance company for few years but the car was changed to my girlfriends name because she was driving it more than me and she looks after the tax. The car gets parked at my door every night though. My insurance is up for renewal and been quoted 250 more than last year, phoned about and was quoted 150 more and now my insurance company matched it. The renewal is in a few weeks but do i have to change the car back into my ownership or tell the insurance company its in my misses name. If i do, will the quote rise ?

peteb2

She's not your missus as she's your girlfriend. So you have no insurable interest in the vehicle. So it goes back into your name or they wont cover it. In the event of a claim if they saw the log book and the name was different, its game over unless you are married.

soccercrew

peteb2 wrote: »

She's not your missus as she's your girlfriend. So you have no insurable interest in the vehicle. So it goes back into your name or they wont cover it. In the event of a claim if they saw the log book and the name was different, its game over unless you are married.

wrong and many people in the know will back me up on this.

soccercrew

peteb2 wrote: »

She's not your missus as she's your girlfriend. So you have no insurable interest in the vehicle. So it goes back into your name or they wont cover it. In the event of a claim if they saw the log book and the name was different, its game over unless you are married.

how does he not have insurable interest in the vehicle

Milly33

Why don't you just ask them easier really in the long run...

Had to get my insurance requited recently and went with Quote Devil they are very nice there, and Munster Group..Went with Munster group in the end but both of them got great quotes back..

peteb2

soccercrew wrote:

how does he not have insurable interest in the vehicle

Because if he is not the registered owner how would you suggest he has? You being in the know and all that. And me working in insurance and being wrong

GM228

soccercrew wrote: »

how does he not have insurable interest in the vehicle

People co-habiting and engaged to be married don't have an insurable interest in each other's lives, they would only gain an insurable interest if married or something jointly owned.

The Law Reform Commission have produced an excellent paper about insurance contracts and a large part is about the concept of insurable interests, it make an interesting read if you have the time to look through it - it's 245 pages!

http://www.lawreform.ie/_fileupload/consultation%20papers/cp65insurancecontracts.pdf

Some interesting points:-

In Chapter 2 (Insurable Interest), the Commission notes that although Irish common law did not require an insurable interest to be present for a contract of insurance to be enforceable, subsequent statutory developments aimed at counteracting fraud, gambling and criminal destruction of lives and property did.

Cohabitees and persons engaged to be married do not possess any insurable interest in each other‘s lives. This situation seems to the Commission to be unacceptable in the 21st Century, and when one considers that the insurable interest survives a decree of judicial separation or a divorce, a major anomaly clearly exists. The difficulty of legislating clear rules in relation to non-marital relationships and the insurable interest should not be underestimated but the law needs to be rationalised and clarified. It may be that such difficulties make outright repeal of an insurable interest requirement the most appropriate course of action.

And what does the LRC recommend about insurable interests?

We tentatively propose that the following groups should be deemed to have insurable an interest arising out of natural affection:
(1) any person – in his or her own life and in the life of his or her spouse or civil partner;
(2) any person who is cared for and dependent on his or her parent or guardian – in the life of his or her parent or guardian;
(3) any parent – in the life of his or her adult child;
(4) any person – in the life of his or her cohabitant.

soccercrew

GM228 wrote: »

People co-habiting and engaged to be married don't have an insurable interest in each other's lives, they would only gain an insurable interest if married or something jointly owned.

The Law Reform Commission have produced an excellent paper about insurance contracts and a large part is about the concept of insurable interests, it make an interesting read if you have the time to look through it - it's 245 pages!

http://www.lawreform.ie/_fileupload/consultation%20papers/cp65insurancecontracts.pdf

Some interesting points:-





And what does the LRC recommend about insurable interests?

What if they live in seperate houses

To Elland Back

soccercrew wrote: »

wrong and many people in the know will back me up on this.

Well, it won't be me anyway

GM228

soccercrew wrote: »

What if they live in seperate houses

I could be wrong but my understanding is insurable interest remains when married irrespective of the actual circumstances, in other words it will only end with divorce as opposed to seperation etc. (One for the legal discussion side to confirm though).

peteb2

soccercrew wrote: »

What if they live in seperate houses

One they are married its fine. It creates the interest in the matter.

But where are these other people that are in the know?? :rolleyes: