Insurance and Registered keeper - Doubts (many doubts)
Discussion
Hi all. Seeking for advices... on Insurance matters...
Here are the facts: i have a very wealthy friend who doesn't reside in UK, nonetheless he keeps 4-5 cars in the country.
Few months ago he decided to gift me one of his cars, a gift which i accepted; at that point in time the car was registered and insured on his name.
At a certain point he asked me to put the car on my name as "it's my responsability now going forward", i promptly did that and updated the V5C docs.
Now we get to the question i have: the car used to be insured by my friend in a "fleet" coverage... means he had a special discount as was insuring 4-5 cars with the same broker.
Now: my friend has just renewed that insurance, so technically the car is insured under his name although i am registered as a keeper
The question i have is: can i keep driving the car as normal even if the insurance is on someone else's name? i am concerned about the 3rd party responsibilities mainly.
Any Hint?
Thanks in advance for your advices!
Here are the facts: i have a very wealthy friend who doesn't reside in UK, nonetheless he keeps 4-5 cars in the country.
Few months ago he decided to gift me one of his cars, a gift which i accepted; at that point in time the car was registered and insured on his name.
At a certain point he asked me to put the car on my name as "it's my responsability now going forward", i promptly did that and updated the V5C docs.
Now we get to the question i have: the car used to be insured by my friend in a "fleet" coverage... means he had a special discount as was insuring 4-5 cars with the same broker.
Now: my friend has just renewed that insurance, so technically the car is insured under his name although i am registered as a keeper
The question i have is: can i keep driving the car as normal even if the insurance is on someone else's name? i am concerned about the 3rd party responsibilities mainly.
Any Hint?
Thanks in advance for your advices!
You'd need to see the policy to be sure, and it's definitely worth asking your very kind friend. Do they know or care that the car is no longer owned by him/her?
It may be that the policy is very accommodating, or it may be very specific, but it's on you to find out, and make sure, as while it won't trigger ANPR checks, the time to find out you are not insured is not when you get crashed into.
It may be that the policy is very accommodating, or it may be very specific, but it's on you to find out, and make sure, as while it won't trigger ANPR checks, the time to find out you are not insured is not when you get crashed into.
From what I understand, you are both the legal owner and the registered keeper.
No-one can know what the terms of his insurance are exactly but I doubt that it would be valid for a vehicle that he is neither the owner nor the keeper of. And even if it is fully covered, and allows you as a driver, that would be on the basis that he owns the car and is lending it to you. But you own the car, so it won't.
To be certain we would need to see the policy but I am sure that you would not be covered, even for third party liability.
No-one can know what the terms of his insurance are exactly but I doubt that it would be valid for a vehicle that he is neither the owner nor the keeper of. And even if it is fully covered, and allows you as a driver, that would be on the basis that he owns the car and is lending it to you. But you own the car, so it won't.
To be certain we would need to see the policy but I am sure that you would not be covered, even for third party liability.
Well i am def the registered keeper, as of legal owner the truth is that i feel obliged to my very generous friend, so would he ever ask for the car back i would just hand it over to him hence will never feel like i own that vehicle, i feel like i have the duty of looking after it.
How do you distinguish the legal owner from the registered keeper?
How do you distinguish the legal owner from the registered keeper?
Edited by ferrarino on Monday 19th June 11:40
It's been given to you, therefore you are the owner, whatever you decide to do with it in future. Almost every DOC cover that I've seen states that you are covered for driving cars "not owned by or belonging to you" or words to that effect.
Whilst the V5 is not proof of ownership, taking that into account as well I think you'd have a tough day in court trying to persuade the court that it's not your car and that you are covered on your own (other) policy.
Whilst the V5 is not proof of ownership, taking that into account as well I think you'd have a tough day in court trying to persuade the court that it's not your car and that you are covered on your own (other) policy.
PistonBroker said:
If he makes a claim, the insurer will expect the V5 to be in his name.
Unless he's told them what the actual situation is and they've accepted it.
Yeah it all seems so unclear to me ... having a European background where insurance follow the car, not the insurer, my common sense would make me think "car is covered" ... But then who knows...Unless he's told them what the actual situation is and they've accepted it.
would love to talk with a specialist, certainly not looking for troubles,
InitialDave said:
I think the best thing to do is ask your friend if you're insured, and for a copy of the cover note, if for no other reason than so you can show you're insured if pulled over.
Yes, strictly speaking you're supposed to have the Certificate of Insurance on you when driving.If it happened that you got stopped and there was some uncertainty about cover, the car will be towed and could quite quickly be crushed - so you don't want to be chasing him for it when he's buggered off on holiday for a month.
chrisch77 said:
Your friend has given you a car, and told you it is 'your responsibility' now. Why do you think he would still be insuring a car he no longer owns?
becauseferrarino said:
InitialDave said:
I think the best thing to do is ask your friend if you're insured, and for a copy of the cover note, if for no other reason than so you can show you're insured if pulled over.
he already said yes... but not sure he knows that for a fact... or he is just guessing...Mr Pointy said:
Why don't you just insure it yourself? If the answer is "I can't afford to" what's going to happen when it needs servicing - are you expecting him to pay for that as well?
Loving how judgemental people can become behind a keyboard, be reassured i can afford to run 99% of the cars circulating on our streets, that doesn't mean i have money to waste...ferrarino said:
because he just re-insured it!
Can you ask him to not insure it? I obviously don't know the ins and outs of the situation. Has the car been gifted for you to look after (not sure how that would work); or does the car now belong to you no strings attached?If the latter I'd respectfully say that I'm grateful for the gift and will take on all costs of owning the car now - including insurance.
That would appear to be the simplest option in my opinion.
Edited by StuE39 on Monday 19th June 13:39
Put simply, insuring something in which you have no "insurable interest" is void as a gaming contract.
So what's an insurable interest?
It's the interest that a person has in something which means that the person would suffer a loss should that property be lost or damaged. In insurance law, you can only buy insurance for something in which you have an insurable interest.
If it's your car you need to insure it yourself. At present you are driving without insurance.
So what's an insurable interest?
It's the interest that a person has in something which means that the person would suffer a loss should that property be lost or damaged. In insurance law, you can only buy insurance for something in which you have an insurable interest.
If it's your car you need to insure it yourself. At present you are driving without insurance.
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