Although car insurance is not mandatory, it is highly recommended to have one, especially on the bustling roads of South Africa. Your’s might be a scenario where you frequently borrow your friend’s or family member’s car and want to make sure that you are covered in case an accident occurs, and you damage the car.
So can you insure a car that is not yours in South Africa? The short answer is yes. However, there are things to consider because it might save you money.
What is required to insure a car that is not yours
To insure a car that you do not own, you will first need consent from the owner of the car, and the owner has to legally be documented as an owner or co-owner of the car you want to insure. Some car insurance companies may also have some requirements to be able to provide insurance for a vehicle you do not own. This most standard requirement, in addition to other general car insurance requirements, is to have proof of consent from the vehicle owner.
What to consider before insuring a car you don’t own
Some insurance companies might place certain restrictions on your car insurance because you do not own the car, so it is important to read the terms of the insurance and understand the possible benefits that are limited.
In some cases, you might not need to insure the car separately because the car owner’s car insurance policy may also cover you. So ask the owner about his current insurance policy and also call the insurance company to make sure you are also covered.
In conclusion, be sure to check the owner’s car insurance policy to avoid wasting your hard-earned Rands. But if you need to take a separate car insurance policy, make sure you find out about possible limitations on your own insurance policy and then decide which option better suits your needs.
