I have gifted a car to one of my friends and I have...

I have gifted a car to one of my friends and I have decided to pay the payments of the car as the loan is under my name. My friend wants to get the car insured under his name, is it legally possible that the car be under my name and the insurance policy

It would typically be difficult for your friend to take out insurance on your vehicle since he does not have what is called "insurable interest" in it since he is neither on the loan or registration. You can discuss with your current insurance company the situation though and se...

Date: February / 26 / 2008
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