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Owning a car but have some one else drive it


Question

My husband wants to buy a car but he doesn't have a drivers license, can he still get insurance on the vehicle if i am the driver?

Posted by sophiad on 2012/05/01 10:05:22

I would need more information in order to answer your question fully. This brings into question something called 'insurable interest'. A person has an insurable interest in something when loss-of or damage-to that thing would cause the person to suffer a financial loss or other kind of loss. If you own the vehicle and are the full time driver of it then a third party has no insurable interest and therefore can't set up insurance. However, to keep things simple, speak to a broker or agent and they can advise you further on how to set this up properly. It can be done.

Sean Graham, Principal Broker at KTX Insurance Brokers

Posted by SeanGraham on 2012/05/15 11:45:23

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