My son works for an insurance company
and can get insurance for 50% off.
He lives with us.
Is it legal for him to buy the House & contains insurance
and maybe car insurance, in his name.
Without creating issues in case of a claim.
House Insurance Vic. Can You Buy in Other Family Name
rocmelon on 30/10/2020 - 10:34
Comments
Wouldn't your son be able to tell you since he works for an insurance company?
Yeah. Nuh.
I'm sure your son would tell you, that if it's not in your name, you won't be covered. It would be considered fraud and the insurance will do a quick nope once a claim is put through.
My understanding is that the insurer needs to have a financial interest in the insured property / goods.
Was told this my insurers too when parents got divorced. Policy holder must have a financial interest in the insured item.
Does he still get the discount if the policy is in multiple names?
He's new there, they don't cover everything in the training.
Your son works for an Insurance company……he's probably a better person to ask than us.