Insurance Interest?

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Is it possible for two people to have an insurable interest in the same thing?ie:someone buying a stolen car without the knowledge of it being a stolen item.
any suggestions on sites that would help me?

2007-03-22 08:36:25 · 2 answers · asked by lfc4eva 1 in Cars & Transportation ➔ Insurance & Registration

2 answers

If you buy a stolen vehicle, you have no insurable interest. It doesn't matter if you know it's stolen....the only person with an insurable interest are the legal registered owner of the vehicle and any lienholder on the title.

2007-03-22 17:48:12 · answer #1 · answered by bundysmom 6 · 0⤊ 0⤋

No. If you bought a car that was stolen, and you titled it, your title would end up being "defective" when it was discovered that it was owned by someone else.

2007-03-22 15:45:34 · answer #2 · answered by JeffyB 7 · 0⤊ 0⤋