1. 455 POINTS
    Todd Officer
    President, Officer Insurance, Nashville, TN
    Techinically to be able to insure something, you have to have an insurable interest in that something - typically this means you own the something or you are providing the financing of the something.

    The proper way to insure a vehicle is for "named insured" (the name the policy is taken out under) to be the same as the owner of the car.  There are times where their is split ownership of a vehicle or a lot of times a minor might actually buy the car but still be on their parents policy.  There are certain ways you can list named insured and additional insureds and a lot of times these are specific to your state and your particular carrier.

    Contact your local agent to discuss your specific situation.
    Answered on May 1, 2013
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