According to Insure, a vehicle can be insured under the name of a person who is not the owner of the vehicle. The insurance process becomes difficult when the insurance policyholder is not a title holder and does not reside with the owner of the vehicle.
Insure explains that an insurance provider requires the policyholder to demonstrate insurable interest in the vehicle. This means that the policyholder must suffer financially if the vehicle is damaged or totaled in an accident. Otherwise, there is less incentive to protect the property.
Insure advises to purchase the vehicle or transfer the title from the owner to make insuring the vehicle less complicated.