Insure someone else's bike under your name?

clutch

Well-known member
My bike's out of commission. A friend offered to lend me his old bike (uninsured) in the interim. Is it possible to insure someone else's bike under your name?
 
Ownership has to be under your name as well.
 
Ownership has to be under your name as well.

No it doesn't.

You can't insure someone else's vehicle because you have no interest in it.
The owner insures, you pay, and you be principle driver.

It's done all the time on commercial vehicles.
 
No it doesn't.

You can't insure someone else's vehicle because you have no interest in it.
The owner insures, you pay, and you be principle driver.

It's done all the time on commercial vehicles.

Yea, that's why they have to "sell" you the bike so you can insure it.

I would think commercial and personal policies would be a little different, no?
 
Yea, that's why they have to "sell" you the bike so you can insure it.

I would think commercial and personal policies would be a little different, no?

Dude, did you parents have to "sell" you their car when they put you on their insurance?

2above has it right. Owner gets a quote with rider's name on it. Rider pays owner for privilege.
 
Dude, did you parents have to "sell" you their car when they put you on their insurance?

2above has it right. Owner gets a quote with rider's name on it. Rider pays owner for privilege.

He's getting the bike uninsured, obviously cause his friend doesn't want to risk his own insurance incase anything happens while some else is riding it, so what you guys are suggesting doesn't appear to be an option.
 
You can check with a brokerage or insurance company. I think they will take issue if the owner of the vehicle does not reside with the person insured. There isn't anything that ties them together other than friendship. I'm aware of a couple that has a vehicle in only one name and doesn't drive as they don't have a licence, while the other is the listed driver. Both names appear on the liability slip and the policy itself only has one driver listed but, is addressed to both insureds.

So, what I'm saying is, it's not likely a possibility but, it's best to ask a licenced broker or insurance company itself.
 
The name on the ownership needs to match the name on the insurance policy. I think if you wanted to be insured on it, even under his name but as a principal operator, you need to live at the same address, as Nakkers said.
 
The name on the ownership needs to match the name on the insurance policy. I think if you wanted to be insured on it, even under his name but as a principal operator, you need to live at the same address, as Nakkers said.

I would ask a broker/agent about how the OP could deal with his particular situation especially if the friends don't live together.

Refer to the top of page 3 and the bottom of page 18 regarding "insurable interest":
http://documents.insuranceinstitute.ca/English/addenda/cip/c14on_2009_sept_2010.pdf
 
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The owner insuring with me as the principal, and paying the insurance, is an option. However, we don't live in the same address. I guess I'll have a chat with my broker to see what my options are.
 
My bike's out of commission. A friend offered to lend me his old bike (uninsured) in the interim. Is it possible to insure someone else's bike under your name?

His bike will qualify as a "Temporary Substitute Vehicle" under your policy. Whatever coverages you have on your motorcycle will flow to cover his motorcycle. Therefore, your policy is now covering his motorcycle, no ownership transfer is necessary.
 
His bike will qualify as a "Temporary Substitute Vehicle" under your policy. Whatever coverages you have on your motorcycle will flow to cover his motorcycle. Therefore, your policy is now covering his motorcycle, no ownership transfer is necessary.
above way seems the best to check out...! but I have seen some folks "lease" from their friend.. and the ownership plate portion goes in the new riders name,, as does the insurance , there is no safety required.. and the ownership stays in the owners name.. check that out...
 
I have been in the same situation and this is what i have found out.

1. The insurance policy name has to match the ownership name.
2. You can change the primary operator of the insurance policy to that of another operator but he/she has to live at the same address of the vehicle owner.
3. If the primary operator (Not the owner) gets into an accident, the accident will only go on the primary operators (not the owner) history.
4. The bill does not have to be paid by the vehicle owner.
 
It can be done if you and your friend treat it as a lease. That way he/she retains ownership of the bike and you become the plate owner and are allowed to insure it. You'll probably need a lease agreement (you can probably find samples on line) and make sure this is OK with your insurance company prior to going through the effort to do this.
 
How about this scenario

My buddy built a chopper (nasty looking beast) but can't insure it b/c he has a porshe, 41 chev, chevelle and a 60's Plymouth on the road. So his insurance will be too high. Could I insure the bike for him and he rides it (it would stay at my place). Or would I have to put it in my name?






Sorry for the thread jack
 
How about this scenario

My buddy built a chopper (nasty looking beast) but can't insure it b/c he has a porshe, 41 chev, chevelle and a 60's Plymouth on the road. So his insurance will be too high. Could I insure the bike for him and he rides it (it would stay at my place). Or would I have to put it in my name?






Sorry for the thread jack

Perfectly fine as long as the bike is under your name and you disclose the fact that he will be riding it often.
 
Section 3 of the Ontario Automobile Application asks " Is the applicant both the Registered Owner and the Actual Owner of the described automobile" "Yes or No" Most companies will only agree to insure it if the answer is " YES"
 
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