How many cars can I insure under my name?

It is possible to have two insurances at the same time

Many times a driver has asked himself this question: can I leave my car with someone else if it is not included in the insurance? A long trip in which you take turns at the wheel with a friend, a relative who asks you for the car because his/her car is in the workshop or he/she doesn’t have one, your son/daughter who has just got his/her license and is eager to drive? There are many assumptions in which this question fits. We are going to try to solve it.

We say we are going to try, because the answer is not absolute and depends on several factors: from the characteristics of the contracted policy to the type of driver to whom you leave the car, including whether in the supposed accident the sporadic driver is at fault or the claimant.

Another fundamental aspect to take into account is whether this sporadic driver, in the event of an accident, is at fault or a victim. Although, as we shall see, whether he is considered a risk driver or not is again decisive.

To be on the safe side, it is necessary to be very clear about the coverage offered by our policy in these cases. This is usually detailed in the particular conditions of the insurance or, although on rare occasions, in the general conditions.

What if my auto insurance is not in my name?

If auto insurance is taken out in the name of another person, and there is a total loss, the insurer will pay the value of the vehicle to the rightful owner of the vehicle.

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What happens if I have several car insurances?

What will not happen for anything in the world is that, having two car insurances at the same time, we will receive compensation from both companies if an accident occurs. This is illegal since the function of the policies is to compensate the damages suffered and not to enrich the policyholder.

What if the insurance is in someone else’s name?

Each insurance company has its own regulations, although there is usually no problem in being the policyholder or the regular driver of a car whose owner is someone else. … Another example is AXA’s AutoFlexible insurance for young people, which allows you to take out and pay only for the coverage you need.

You can insure a car with two companies

Your son is in luck, he just got his driver’s license and is going to start asking you for the car sporadically. It’s time to include him/her in your car insurance. We tell you how to do it and which is the best option.

The long-awaited moment has arrived: your child has finally got his driver’s license and is going to start asking you for the car keys from time to time. At that moment, you are going to wonder what to do with the car insurance. Should you include it in your policy or is it not necessary if you are going to use it very little?

What should the insured do if he/she has several insurances on the same risk?

In the case of general insurance, when there are several insurances on the same risk with different insurers, the insured must report the loss to all insurers, indicating to each of them the name of the others.

When can multiple insurance be lawful?

Multiple insurance is perfectly legal. A property may be insured with several insurance companies as long as the legal obligation to inform each company in a reliable manner, as stated in Article 32 of the Contract Law, is complied with.

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What happens if I have two insurances?

If you have two insurance policies, you must report the loss to both of them. If you suffer a loss on an insured property and you have two policies that cover it, you must notify both of them, so that both of them will be responsible for the payment of the loss. If you do not do so, you may be left with nothing from either policy.

How many cars can one person have

There are no EU-wide rules on additional voluntary insurance. Check the conditions of your policy before traveling abroad, as insurers may apply different rules in different countries. In particular, your insurance may be limited by time (e.g. up to one month abroad) or distance (e.g. up to 150 km beyond the border of your home country) and exclude some types of risks (e.g. theft) in certain countries.

Motor insurance premiums vary from one EU country to another, mainly due to differences in contract law, risk assessment and indemnity systems, or the complexity and cost of international claims handling.

What happens if I have an accident and the insurance is not in my name?

In case of an accident, if you are a claimant and the driver is not included in the insurance, you will not encounter complications if it is not high risk. … If the sporadic driver is considered at fault in the accident and is a high-risk driver, the company will not pay for the damage to the car.

What happens if I have an accident with a car that is not mine?

If the driver is authorized to drive that vehicle, the vehicle owner’s insurance company will be responsible for the damage to your vehicle, provided that you are not at fault. In this case, the cost of the damage is shared between the drivers.

Who has to be the holder of the car insurance?

The owner is the owner or holder of the insured vehicle. His or her name appears on the vehicle’s registration certificate and, from an insurance point of view, he or she will be held liable in the event that the driver does not assume his or her responsibility for a claim.

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Policyholder other than the owner

It turns out that you have just bought a car, but it is your partner who is going to take out the insurance policy. Is this possible? Can the policyholder and the owner be different people? The answer is yes, but to narrow down the nuances of the statement, we must distinguish between each of the legal figures taken into account by car insurance, i.e. policyholder, owner and driver.

Thus, the most common scenario is that the person who buys the car, i.e. the owner, is the one who takes out an insurance policy in which he/she appears as the policyholder and driver. However, although the obligation to have insurance is the owner’s, it may be another person who acts as the policyholder and pays the premium.

In the same way, it is also allowed that the policyholder does not appear in the policy as the habitual driver, and therefore, it is the driver to whom the coverages respond even though he/she is not the one who pays the insurance.