Two People Insure Each Others Cars...question(FL)

[mmdz33018]

Today I had a case where one gentleman decides that he will give the car that he is making payments on to his friend. And his friend is getting a car in his name for that friend to drive. In other words they both will be regular drivers on each others cars(they were convinced this was a good idea and did not take any sound advice). My surprise was that a very popular insurance company not only accepted the risk but they said that either driver could act as the named insured, even if he was not on the owner. Many insurance companies would not allow the name insured to differ from the owner of the vehicle or allow the garage address to be different from where the person lives(the two people do not live together). My question is what would there be the complications if a driver(not the owner) is the owner of the policy and is there a Florida statue in regards to this matter. I know this is allowed in other states but Florida usually doesn't allow this(especially with the South FL fraud). The insurance companies many times request copy of the registration as part of the application to ensure this. I could not find any law prohibiting this but I was wondering if anyone knew?

 

[antek227]

Today I had a case where one gentleman decides that he will give the car that he is making payments on to his friend. And his friend is getting a car in his name for that friend to drive. In other words they both will be regular drivers on each others cars(they were convinced this was a good idea and did not take any sound advice). My surprise was that a very popular insurance company not only accepted the risk but they said that either driver could act as the named insured, even if he was not on the owner. Many insurance companies would not allow the name insured to differ from the owner of the vehicle or allow the garage address to be different from where the person lives(the two people do not live together). My question is what would there be the complications if a driver(not the owner) is the owner of the policy and is there a Florida statue in regards to this matter. I know this is allowed in other states but Florida usually doesn't allow this(especially with the South FL fraud). The insurance companies many times request copy of the registration as part of the application to ensure this. I could not find any law prohibiting this but I was wondering if anyone knew?

I actually had a similar situation a few months back. PA through not FL and Progressive and 21st Century seemed to be okay with things like that.