It will depend on your policy but usually you can list "additional named insureds" to be covered under your insurance policy and he can do the same. That way you will both we listed on each other's policy's and covered. Call your insurance company and ask if you can list someone as an "additional named insured." I don't think you should have any problem with this. Best of luck!
NOTE: This response is general in nature and should not be considered legal advice. No attorney-client relationship exists or is formed by this response.
Answered on Nov 12th, 2012 at 9:53 AM