Finance/insurance Question

[Kane_R32]

Hey Guys,

So my GF has a car which she purchased with finance (and is still repaying etc). At the moment I'm driving it to and from work (5 days a week).

I've purchased full comprehensive insurance in my name to cover me driving, is this correct even though its registered in her name?

I purchased it online (NRMA). I'm planning to ring them on Monday and see if I'm still covered if I have an accident etc.

I'm now curious to know, if anyone has been in a similar situation, if the car was written off, would I;

a) get paid out for the agreed amount?

b) does the payout cover her finance or what would happen in this situation?

Just wondering before the NRMA give me some bad news hahah

Cheers.

[Cherry Racer]

Could be wrong but I think the insurance needs to be in her name. I can't see you be able to insure let alone get a pay out for a car you don't own.

If you think about a house, I don't think you'd be covered or get paid for it if u didn't own it.

Let us know how u go Monday.

[Sinista32]

I believe You need to be a named driver under her insurance policy. (ie. regular driver)

Can't insure someone else's vehicle .

Although if you do have an accident it could be the first time she's let you drive it

fairly sure most policies cover the occasional driver

Edited June 29, 2013 by Sinista32

[mad082]

you can't insure a car that isn't in your name. if you are driving it often then just get yourself put on as a nominated driver. the reason for putting yourself on her policy as a nominated driver is to avoid any possible excess fees if you ever have an accident. plenty of insurance companies have a higher excess for not nominated drivers (usually if under the age of 25). of course if you are driving her car and aren't a nominated driver then her insurance will still cover it, just at a higher excess as i said.

[GTR-N1]

...and you have 7 days to rescind that policy (after taking it out) and hence put it in her name once more.

[Kane_R32]

Just got of the phone. Basically they said if I did have an accident/claim, then it might be a little harder to do or they might not cover.

So I she started a new policy in her name, and I went on as an additional driver.

Cheers.

[GTR-N1]

Good > wise man!

[Cherry Racer]

Now you're good to go!

Better now then when u go to claim.

[GTR-N1]

Better now then IF u go to claim.

FYP Chris lol