Relinquishing no claims from existing insurance policy help?

Relinquishing no claims from existing insurance policy help?

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Gretchen

Original Poster:

19,038 posts

217 months

Tuesday 8th April 2014
quotequote all
Firstly, Am I correct in believing I can relinquish my no claims before the end of an existing car insurance policy?

I have around nine weeks left on a policy, let's say on car 'F', with five years NCD which I wish to use on another vehicle, let's say car 'C'. My insurance company have given me a price including admin fees that remains payable until the end of the policy on car 'F' which is VERY reasonable. (I was put on hold to check something and cut off before clarifying and going ahead hence my initial question).

I'm in the process of getting quotes for mid range sports car 'C' using these 5 years NCD.

However, I have another high power sports car, 'E' with a new policy using my 11 yrs NCD. I am now considering selling car 'E' before the end of June and would like to add the NCD accrued preferably to car 'C', and in turn swopping the 5 years NCD from car 'C' back to car 'F'.

Is this possible?



Or can I cancel policy 'E' when sold and add NCD to policy 'C' three months in giving 16 years? Leaving policy 'F' to renew with no NCD (will be low as just mid range car).


Thanks for bearing with me.

My head hurts.












Edited by Gretchen on Wednesday 9th April 00:02

Gretchen

Original Poster:

19,038 posts

217 months

Wednesday 9th April 2014
quotequote all
Thank you. It's relinquished now. All good. Just awaiting quite on car C. Excited.