Would a laptop that has been gifted to a friend be covered on their home insurance?

kiemosan

Hi,

Its been a looong time since I posted here!

I am trying to help a friend purchase a laptop and get them a better deal. I have an Amex card and can get them a £100 discount with an offer on that card.

If I purchase the laptop and give it to them, I think technically in an insurers eyes I am still the owner. Even though they will have given me the cash.

I cannot have it delivered to them because of credit card security checks and the laptop must be delivered to the cardholders address. Me.

How can we get around this, if at all, if a claim needs to be made? We are not planning to make a claim but this would be a very important piece of equipment for my friend.

Thanks

John

davidmcn

kiemosan said:

If I purchase the laptop and give it to them, I think technically in an insurers eyes I am still the owner.

What makes you think that? If you give it to them, it's theirs. No, they won't be able to produce a receipt showing they bought it, though the receipt might not be specific about who the buyer was, and anyway I expect you could document something to show you transferred ownership to them, if they were worried about it.

Sandtree

Is it a gift or are you just buying it on their behalf?

Most of us receive gifts in our life and upon receipt the ownership transfers and so an insurable interest is created. We'll ignore engagement rings and the arguments over their ownership.

There can be questions on ownership of gifts but insurers obviously no they happen. If however its not a gift and you're just buying it on their behalf then there will be some evidence of them transferring you the receipt value (or value minus £100 depending on your deal) to show it was passed over.

Warranties and other consumer rights will have more of an issue with the arrangement than home insurance