Any car insurance company in Ontario that will let me take out a policy if car is registred to someone else?

Any car insurance company in Ontario that will let me take out a policy if car is registred to someone else?

Hi, I want to take out a policy but the car will be registered to my boyfriend'-s name. Is there any auto insurance company in Ontario that will let me do that?

Turners

There are companies that will not allow a personal "lease". The insurance companies are usually pretty concerned that the person who actually owns the vehicle be the named insured. Is it possible for the boyfriend to sell you the car at a nominal fee?Now, if your boyfriend owns the vehicle and does not have a license then sure, you can be the driver. You see this often in older couples where the husband dies and the wife owns a vehicle she can't drive. She'll then have her older children listed as drivers and they can use "mom's car" to take her shopping.If your boyfriend is going to be driving the vehicle as well then be sure you are reporting this. Often the younger male has more expensive rates then the younger female. If you are perceived to be deceptive you can find yourself in a very bad position.Consider your situation if you have an accident on some black ice. You lose control and hit a vehicle with a young family and heaven forbid, it results in a death. The lawsuit is going to be huge. The insurance lawyers are now going to be looking to see if everything has been declared openly and honestly when the policy was set up.What happens if there is a decision that the insurance is not valid? The premium paid can be returned and guess what, you are on your own. Your life is now going to be paying off a multi-million dollar claim. Worse yet, you killed somebody and the insurance is not there to attempt to compensate for that loss.Putting this one on a list won't help you alleviate the guilt.Source(s):http://turnerstips.ca/how-is-insurance-r…

Fred

Actually there is a form that allows you to register the vehicle, and of course insure it, letting your boyfriend retain ownership. It is similar to a lease, however you cannot involve money or then it becomes a commercial transaction.We called it an "agreement between parties", in which your boyfriend gives you care, custody, and control of the vehicle for a period greater than 30 days, but doesn't gift you the vehicle. You register it, you insure it, you get the parking tickets, but you can't sell the vehicle, or otherwise dispose of it. In the even of a write-off, the cheque goes to him as the legal owner.If you aren't the registered owner, you don't have an insurable interest.And yes, if he is going to be more than an occasional driver, he has to be a named additional driver. If you are living together, the situation is different, he would have to be named a regular driver as well, and it would make no sense to insure and register in your name (unless he has no licence).Recap, there are 2 types of ownership, legal, and registered, you would be registered owner, he would be legal owner.Talk to the registrations people FIRST, then your insurance broker. It is relatively common practice in some jurisdictions, like Manitoba, where I was an insurance broker and vehicle registrations agent, it may not be so common in Ontario, or even accepted by provincial licencing authority.

K8TYB

"Lease" the vehicle from him....so he still owns it, you lease it in your name and the insurance is in your name.It's the easiest way around it.

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