Great question! You are correct that you will need a separate policy from your mom since you don't live together. As far as insuring the vehicle under your name, you shouldn't have a problem doing so. Here is how to handle this:
- Have your mom listed as an insurable interest:
What this means is because your mom has an insurable interest in the vehicle, she needs to be listed on the policy. In this sense, your mom is operating like a bank would if they give out a loan. But like a bank, your mom does not drive the vehicle so she does not need to be listed on the actual policy as a covered driver - only an additional insured. The reason for this is simple; if you were to total the vehicle and have comprehensive coverage
and collision coverage
, the payout would go to your mom because she is the owner of the vehicle. Comprehensive and collision coverage are usually included in "full coverage"
, which you can see if you have this through you policy documentation. This will be all you need to do!