Can a Corporation insure a car?

[frankmylo]

If you are a fleet owner and you yourself have a jacked up driving record. If you own the company, the vehicle is under the company’s name, the insurance policy is under the company’s name, but you yourself are not listed as a driver, and one of the vehicles get stolen, are you still covered if the insurance company finds out you ocassionally drive the vehicle?

[robert_columbia]

@frankmylo

If you are a fleet owner and you yourself have a jacked up driving record. If you own the company, the vehicle is under the company’s name, the insurance policy is under the company’s name, but you yourself are not listed as a driver, and one of the vehicles get stolen, are you still covered if the insurance company finds out you ocassionally drive the vehicle?

This is a question for the insurance company or a lawyer who can review the language of the insurance contract and your jurisdiction’s insurance laws.

My guess is that you would still be covered as long as the car wasn’t in your possession when it is stolen but it was with an employee.

What constitutes a “jacked up” driving record?

[Tim_T-Bonham.net]

@Inigo_Montoya

In determining the premium for the vehicle(s) in question, the insurance company will require a list of all drivers of the vehicle(s) and will set the premium so that the highest-risk drivers will be rated first. Meaning, if here is one 19 year-old male driver and 4 38 year olds, one car (usually the most expensive one) will show a 19 year old male operator as the principle driver. The reason they do this is because if there is a chance that the young man can operate the most expensive car in the fleet, then there is the risk of that car being wrecked by a young man. The premium has to be collected to cover that risk.

It didn’t work that way for us.

Our family farm owned all the vehicles (Dad’s car, Mom’s car, the truck, the tractors, the horse trailers, etc.) and we chose who to list as ‘principal driver’ on each one. When I got my drivers license and got a used car (1952 Buick!), that car was added to the policy and I was listed as the principal driver for it. But I could still drive the other vehicles, and occasionally did so, and was covered in case of an accident.

Even so, the cost was less than having the car in my name and getting my own insurance.

When my sister got old enough to get her drivers license, she was added to the policy also, with an increase in the premium (but less than when I was added – girls are cheaper).

[kenobi_65]

@frankmylo

If you are a fleet owner and you yourself have a jacked up driving record. If you own the company, the vehicle is under the company’s name, the insurance policy is under the company’s name, but you yourself are not listed as a driver, and one of the vehicles get stolen, are you still covered if the insurance company finds out you ocassionally drive the vehicle?

Welcome to the SDMB! By the way, you may not have noticed, but the original poster of this question asked his question 7 1/2 years ago, and the issue probably isn’t a problem for him anymore.