Insurance Question

Honest John Back Room » Motoring discussion
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Fri 21 Jan 2005 11:34
Insurance Question - king chris
Hi All,

If a car is purchased on a HP agreement,

Am I'm the registered owner and keeper for insurance purposes?

If I'm not does it push the cost up?
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Fri 21 Jan 2005 11:39
Insurance Question - Ex-Moderator
A typical definition is "a motor vehicle owned by the policyholder or hired to him under a hire purchase agreement of not less than 2 years duration" - i.e. essentially anything which gives you an insurable interest - an insurable interest essentially means that you have the risk of financial loss - causes the car to be insurable in your name.

It should not be related directly to the premium, although for the weird ones you can be pushed towards the more expensive insurers.
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Fri 21 Jan 2005 11:57
Insurance Question - king chris
Thanks for the reply,

I'll contact the insurance peoples for an quote.

Not that anyone else likes Fiats, but I'm looking forward to collecting my Stilo JTD.

Thanks

Chris
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