Quick car insurance question.

[DILLIGAFF]

Just sold my trusty old Audi but will not have a replacement for about 3-4 weeks.


I am worried that if I inform my insurers and cancel the existing cover they may not allow me to carry over my NCB??


Any brokers on site ?????????????

[red98]

Just sold my trusty old Audi but will not have a replacement for about 3-4 weeks.


I am worried that if I inform my insurers and cancel the existing cover they may not allow me to carry over my NCB??


Any brokers on site ?????????????

phone them up and ask......think you can freeze the insurance until you get you new car.....dont just leave it or you could have a claim on your insurance by the new owner  [size=78%] [/size]

[VNA - BMW Wank]

I would think you would be in breech of your terms of insurance if you don't inform them that you have sold the car that you have insured with them.

You'd need to phone em.  You may lose the current years ncb you are about to pick up, but I think the previous years are valid for up to 12mnths.  If that is the case then all you need to do is find another motor within the next 12mnths and insure it to keep your ncb.

But really you are just gonna have to phone em and ask. 

[richfzs]

You'd need to phone em.  You may lose the current years ncb you are about to pick up, but I think the previous years are valid for up to 12mnths.  If that is the case then all you need to do is find another motor within the next 12mnths and insure it to keep your ncb.

Thats two years (or used to be!)

[goldfazer]

I think it's valid for 3 yrs. You'll be fine. I'll check with Jane and let you know if otherwise.

What are you getting? One of them single seat blue invalid jobbies?

[BBROWN1664]

It is valid for two years. Call them and ask them to freeze the policy. Many have a time limit though before they cancel it and then you would lose the current year only. In other words if you have 5 years Ncb at last renewal, you will still have that, not the 5 years 11 months you might have now.

[phillywilly]

I think it's valid for 3 yrs. You'll be fine. I'll check with Jane and let you know if otherwise.

What are you getting? One of them single seat blue invalid jobbies?

bloody hell thats a blast from the past !!!werent they three wheeler,s as well ?
nowadays most people on disability badges drive 4x4,s
the government should bring back the little blue cars and they,d save billions a year in disability car claims 

[Dead Eye]

Just sold my trusty old Audi but will not have a replacement for about 3-4 weeks.


I am worried that if I inform my insurers and cancel the existing cover they may not allow me to carry over my NCB??


Any brokers on site ?????????????

phone them up and ask......think you can freeze the insurance until you get you new car.....dont just leave it or you could have a claim on your insurance by the new owner 

How could the new owners claim on your policy since they are not named on it? That just doesn't make sense as they likely have no idea who you are insured with as well.

In any case, in my opinion if its only 3 or 4 weeks don't worry about it. Realistically, all you are doing is insuring a car that you don't own and have no intention of claiming against. I kept my insurance on my old red bike after it burned down for like 3 months before switching it over to my blue one. A friend of mine kept his insurance on a bike he sold for 2 or 3 years because it auto-renewed and he kept forgetting to deal with it. Helped him with his NCB 

[sadlonelygit]

interesting...............why haven't your insurance company written to you asking why it's been logged on mids as having 2 policies. they don't like double indemnities!

and it's 2 years before you lose your NCB................fwiw!

[Dead Eye]

interesting...............why haven't your insurance company written to you asking why it's been logged on mids as having 2 policies. they don't like double indemnities!

and it's 2 years before you lose your NCB................fwiw!

This is a good point which I hadn't considered - but note that my situation was that the bike was burnt and not sold so it hasn't changed owners.

[red98]

point i was trying to make but did`nt explain it too well ......if the new owner has an accident and does a runner pc plod will then search his data base and come up with dilligaff as the insured for that car.......i would`nt want to take that risk  ........for the cost of a call 

[DILLIGAFF]

At last I discover a fault in the great FOC-U font of knowledge.


I am with the AA and called them yesterday with a hypothetical scenario.


First guy i spoke to said "No worries you have a two year shelf life on your NCB" but he put me through to customer accounts.


They gave me a completely different answer and said I only had a 2 week carry over from the cancellation of my existing policy ????


But on the good side they told me there would be no additional charge to swap them over.


Always worth checking.......................

[locksmith]

Maybe they meant you have two weeks to get the other car covered or they would terminate the current policy meaning you would lose any ncb that the current years policy would have earnt. You'd then have 2 years to use any existing ncb.

[BBROWN1664]

Exactly as I said then Delboy.

[Gordo]

Maybe they meant you have two weeks to get the other car covered or they would terminate the current policy meaning you would lose any ncb that the current years policy would have earnt. You'd then have 2 years to use any existing ncb.

That sounds the most likely option, although every underwriter or broker is free to make their own rules and you do need to check.

[slimwilly]

Cancel the insurance straight away, the vehicle is insured by you so the newdriver will be a third pary on your insurance, the problems can be devastating.
Seen an article in a bike mag where this man did as you and will now lose his houes,,yes house as the new rider never got insurance and it was still insured by the seller so the claim went back to him,,,crazy but true

[BBROWN1664]

Under the insurance comanies own rules, as Del has no financial interest in the old car he couldn't possibly insure it.

Just try insuring a car registered to someone else. Almost all insurance cos wil decline to quote.the exception is where family own it.

[Gordo]

No, don't cancel it as you'll end up out of pocket (most insurers don't give much of a refund).

Instead, tell the insurer that you no longer own the vehicle and want to transfer the policy to its replacement in due course - then you should have a policy in force without there being a vehicle on it (IYSWIM).

But forget the barrack room lawyers on here and ask the insurer yourself: they're the ones whose terms and conditions you must comply with regardless of what any of us say.