Can 2 people hold seperate policies for the same car ?

steve99

Hi,

A few years ago I bought a car for my son and he has held insurance on it in his own name since purchase.

My younger son is now learning to drive but my eldest doesn't want to add him to his insurance policy.

Can my younger son take out a new policy on the same car in his own right ? He will not be the registered keeper but I don't think that is an issue.

I suppose a problem could be if the car was stolen but as long as I only claimed on one policy I would not be doing anything illegal.

The car is a 1997 Peugeot 306 - worth about £700.

TIA

Steve

Sandoval

This is just plain daft.

Why won't the eldest son put his brother on the insurance?

Just being difficult presumably is he?

PNPSUKNET

you cant insure a car twice.

steve99

Sandoval wrote: »

This is just plain daft.

Why won't the eldest son put his brother on the insurance?

Just being difficult presumably is he?

He is worried about losing the NCD that he has built up.

raskazz

PNPSUKNET wrote: »

you cant insure a car twice.

Er - says who?

McKneff

Tell no. 1 son to protect his NCD, and son no. 2 pays anything which costs more on the policy and any excess if
he has a prang.

Raskaz - from reading on these forums i have seen that you cannot insure a car that you have no financial interest in.

Andy_L

McKneff wrote: »

Tell no. 1 son to protect his NCD, and son no. 2 pays anything which costs more on the policy and any excess if
he has a prang.

Raskaz - from reading on these forums i have seen that you cannot insure a car that you have no financial interest in.

However driving someone elses car on the understanding you pay for repairs gives you a financial interest.

The main problem is that you can't get a quote online as their systems aren't set up to do it so you will have to phone them or see a broker

iceicebaby

http://www.collingwood.co.uk/WD120AWP/WD120Awp.exe/CONNECT/Collingwood?_WWREFERER_=&_WWNATION_=3

This company seems to offer short term learner driver cover.

steve99

iceicebaby wrote: »

http://www.collingwood.co.uk/WD120AWP/WD120Awp.exe/CONNECT/Collingwood?_WWREFERER_=&_WWNATION_=3

This company seems to offer short term learner driver cover.

This looks very interesting. Probably expensive but then so are driving lessons and hopefully less lessons = learner driver insurance cost.

raskazz

McKneff wrote: »

Tell no. 1 son to protect his NCD, and son no. 2 pays anything which costs more on the policy and any excess if
he has a prang.

Raskaz - from reading on these forums i have seen that you cannot insure a car that you have no financial interest in.

If the owner of the car lends the car to a driver on express condition that the driver is responsible for the safekeeping of the car then there is certainly insurable interest present for damage/fire/theft of the car. Clearly there is also sufficient insurable interest in the driver's own potential liability to third parties arising from the use of the car.

Not many insurers would do it - and it would be fraudulent to deliberately deceive multiple insurers of the same vehicle into providing more in settlement of a claim than the claimant is entitled to under indemnity - but you certainly can insure a car twice as long as there is no fraud/misrepresentation/deceit. In fact, it probably happens innocently thousands of times each and every day when people add courtesy cars as temporary additional vehicles to benefit from a lower excess than would be applicable under the garage's policy.

Sandoval

steve99 wrote: »

He is worried about losing the NCD that he has built up.

There is such a thing as helping out a close family member though isn't there?