i did last year for two of my brothers,and the policy's only ran out two weeks ago
2007-03-22 05:13:41 · 3 answers · asked by Anonymous in Cars & Transportation ➔ Insurance & Registration
right its always a bad idea but im putting insurance on a brothers truck so i can drive it me not no one eles he don't trust no one eles
2007-03-22 05:32:03 · update #1
With most companies in order to insure a vehicle you have to have a financial interest in the vehicle. There are some companies that will let you insure a vehicle so long as you are the driver of that vehicle even if you don't own it.
Your brothers should each have their own policy. It might seem like a good deal to have all your vehicles on one policy but if one of them gets into a bad accident it follows you around since it goes on your insurance.
2007-03-22 05:19:16 · answer #1 · answered by blb 5 · 0⤊ 0⤋
Why would you want to? You're putting your neck on the line for someone else! Let's say your brother gets into an accident that kills someone, and you carry insurance for a car your brother owns & drives. Technically since you have no financial interest in the car the insurance company has no obligation to pay the claim, they are insuring you, not your brother. Very bad idea!
2007-03-22 12:22:11 · answer #2 · answered by FirefighterWife 3 · 0⤊ 0⤋
If you don't own the car then you have no vested interest in the car. If it is damaged, you could file a claim and keep the money and then the car doesn't get fixed and the owner is out of luck. It stops a lot of phony claims. Good luck
2007-03-22 12:19:40 · answer #3 · answered by Fordman 7 · 0⤊ 0⤋