Car allowence paid can they demand I add the company name on my personal policy.

by Robert Winters
(Milton, ON Canada)

My employer has given me a monthly car allowance for the past 8 years, they now want me to name them on my personal automobile certificate of insurance. Can they force me to do this and what if any is the additional cost or are there other ramifications? eg: if I get into an accident etc.


Car Allowance and Certificate of Insurance


Well, they can't force you, but they might stop giving a car allowance if you say no.

If you have not disclosed that you use your car for work and then add the company as an additional named insured, then your rates will likely go up.

As for time of claim, this can add another layer of complexity to a process that can already be aggravating.

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Note: Always speak with a licensed insurance professional about your specific situation. This insurance information is general in nature and the policy wordings always take precedence. It is possible that there are errors and omissions in this website and www.canada-insurance-source.com, or its authors, take no responsibility.

Keep in mind that insurance licensing, legislation, and policies often vary by province and most certainly by country. Canada Insurance Source is a free information source. So use this site to gain a general understanding of insurance with your own area and situation in mind.  Make sure you review the "please read" page. Always speak with a licensed insurance professional about your specific situation.

Always speak with a licensed insurance representative about your specific situation.

This site is general in nature and there may be errors or ommissions

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