Insurance advice - combining insurances
Discussion
Hi all
Recently moved in with my partner and we've been looking to sell her car A, my car B and buy a new shared car X.
We also have another "weekend" car C which I have built up 10 years NCB on, separately to car B. She also has 10 years NCB on car A.
When we moved in I added her as a named driver to car B and C.
I've just sold my car B this weekend. However, we need to wait for some funds to come through until we can purchase car X and sell car A.
The question is: what do we do insurance wise?
Should I cancel the insurance for car B today? It's due to expire October. Not sure if we will buy car X before that or not...
If I did that, then when we buy car X (we need to keep her car A until then), do we just switch her insurance over from car A to car X and then add me as a named driver?
I believe that in order to keep hold of my NCB and not lose in the future, after 1 year, we could swap and make me the named driver, and do that year after year...? I've got the second lot of NCB on car D anyway so... do I really need to keep it?
Problem with that approach is that car A is then uninsured as soon as we purchase car X. That could make it difficult to sell (test drives etc).
Would it be better to just keep my insurance on car B (that I sold this weekend) and if we buy car X before it expires, move across, and then keep her on car A until it's sold then just cancel her insurance?
Or cancel car B insurance now, keep hold of my NCB, and wait until we purchase car X and then start new insurance then, using my NCB, and again cancel her's on car A when we sell that? (this is sounding like the best option at the moment...)
NB: her insurance on car A is due for renewal in July next year.
Confused!!!
Any thoughts / ideas / suggestions (helpful ones appreciated, although I'm sure there's going to be some sarcasm / jokes ... I'll roll with the punches )
Cheers!!
Ross
Recently moved in with my partner and we've been looking to sell her car A, my car B and buy a new shared car X.
We also have another "weekend" car C which I have built up 10 years NCB on, separately to car B. She also has 10 years NCB on car A.
When we moved in I added her as a named driver to car B and C.
I've just sold my car B this weekend. However, we need to wait for some funds to come through until we can purchase car X and sell car A.
The question is: what do we do insurance wise?
Should I cancel the insurance for car B today? It's due to expire October. Not sure if we will buy car X before that or not...
If I did that, then when we buy car X (we need to keep her car A until then), do we just switch her insurance over from car A to car X and then add me as a named driver?
I believe that in order to keep hold of my NCB and not lose in the future, after 1 year, we could swap and make me the named driver, and do that year after year...? I've got the second lot of NCB on car D anyway so... do I really need to keep it?
Problem with that approach is that car A is then uninsured as soon as we purchase car X. That could make it difficult to sell (test drives etc).
Would it be better to just keep my insurance on car B (that I sold this weekend) and if we buy car X before it expires, move across, and then keep her on car A until it's sold then just cancel her insurance?
Or cancel car B insurance now, keep hold of my NCB, and wait until we purchase car X and then start new insurance then, using my NCB, and again cancel her's on car A when we sell that? (this is sounding like the best option at the moment...)
NB: her insurance on car A is due for renewal in July next year.
Confused!!!
Any thoughts / ideas / suggestions (helpful ones appreciated, although I'm sure there's going to be some sarcasm / jokes ... I'll roll with the punches )
Cheers!!
Ross
mrrossi said:
Hi all
Recently moved in with my partner and we've been looking to sell her car A, my car B and buy a new shared car X.
We also have another "weekend" car C which I have built up 10 years NCB on, separately to car B. She also has 10 years NCB on car A.
When we moved in I added her as a named driver to car B and C.
I've just sold my car B this weekend. However, we need to wait for some funds to come through until we can purchase car X and sell car A.
The question is: what do we do insurance wise?
Should I cancel the insurance for car B today? It's due to expire October. Not sure if we will buy car X before that or not...
If I did that, then when we buy car X (we need to keep her car A until then), do we just switch her insurance over from car A to car X and then add me as a named driver?
I believe that in order to keep hold of my NCB and not lose in the future, after 1 year, we could swap and make me the named driver, and do that year after year...? I've got the second lot of NCB on car D anyway so... do I really need to keep it?
Problem with that approach is that car A is then uninsured as soon as we purchase car X. That could make it difficult to sell (test drives etc).
Would it be better to just keep my insurance on car B (that I sold this weekend) and if we buy car X before it expires, move across, and then keep her on car A until it's sold then just cancel her insurance?
Or cancel car B insurance now, keep hold of my NCB, and wait until we purchase car X and then start new insurance then, using my NCB, and again cancel her's on car A when we sell that? (this is sounding like the best option at the moment...)
NB: her insurance on car A is due for renewal in July next year.
Confused!!!
Any thoughts / ideas / suggestions (helpful ones appreciated, although I'm sure there's going to be some sarcasm / jokes ... I'll roll with the punches )
Cheers!!
Ross
You can imagine how pleased you would be if the new owner crashed it and your insurance ended up paying for it!Recently moved in with my partner and we've been looking to sell her car A, my car B and buy a new shared car X.
We also have another "weekend" car C which I have built up 10 years NCB on, separately to car B. She also has 10 years NCB on car A.
When we moved in I added her as a named driver to car B and C.
I've just sold my car B this weekend. However, we need to wait for some funds to come through until we can purchase car X and sell car A.
The question is: what do we do insurance wise?
Should I cancel the insurance for car B today? It's due to expire October. Not sure if we will buy car X before that or not...
If I did that, then when we buy car X (we need to keep her car A until then), do we just switch her insurance over from car A to car X and then add me as a named driver?
I believe that in order to keep hold of my NCB and not lose in the future, after 1 year, we could swap and make me the named driver, and do that year after year...? I've got the second lot of NCB on car D anyway so... do I really need to keep it?
Problem with that approach is that car A is then uninsured as soon as we purchase car X. That could make it difficult to sell (test drives etc).
Would it be better to just keep my insurance on car B (that I sold this weekend) and if we buy car X before it expires, move across, and then keep her on car A until it's sold then just cancel her insurance?
Or cancel car B insurance now, keep hold of my NCB, and wait until we purchase car X and then start new insurance then, using my NCB, and again cancel her's on car A when we sell that? (this is sounding like the best option at the moment...)
NB: her insurance on car A is due for renewal in July next year.
Confused!!!
Any thoughts / ideas / suggestions (helpful ones appreciated, although I'm sure there's going to be some sarcasm / jokes ... I'll roll with the punches )
Cheers!!
Ross
Thanks all - I'd forgotten about the legal implications of still having insurance on a car I'd sold, although seems an odd one - I know the guy took out new insurance on it there and then. Why would anyone make a claim on mine...? Anyway...I've cancelled.
So I guess we'll just take out new insurance on the new car when we buy it and use my NCB.
So there's no way to "combine" my partners NCB with mine once she sells car A? We just need to wait a year and then make her the main driver again and keep on switching to avoid loosing the NCB, right?
So I guess we'll just take out new insurance on the new car when we buy it and use my NCB.
So there's no way to "combine" my partners NCB with mine once she sells car A? We just need to wait a year and then make her the main driver again and keep on switching to avoid loosing the NCB, right?
mrrossi said:
Thanks all - I'd forgotten about the legal implications of still having insurance on a car I'd sold, although seems an odd one - I know the guy took out new insurance on it there and then. Why would anyone make a claim on mine...? Anyway...I've cancelled.
It's not so much anyone 'choosing' to make a claim on your insurance, it's for scenarios where there turns out not to actually be any other insurance - new owner didn't keep up paying monthly premiums or cancels it for some other reason, etc.If for example the car was in a collision involving life-changing injuries to a 3rd party with a huge compensation claim, they will look for any policy that covers the vehicle regardless of whether it was intended to cover the current owner/driver. You don't want that to be your policy.
Edit: this is sobering reading with regard to policies running on after a sale: https://www.visordown.com/news/general/biker-may-b...
Edited by PorkInsider on Tuesday 8th August 08:55
Thanks... crikey, that is quite sobering.
Well, all cancelled now. They (Hastings) charge £45 to cancel... but I'd be due a refund of £9 (ha!) and apparently if it's under £45 then I don't have to pay anything. Turns out it expired in Sep rather than Oct anyway so not bad timing.
Cheers all
Well, all cancelled now. They (Hastings) charge £45 to cancel... but I'd be due a refund of £9 (ha!) and apparently if it's under £45 then I don't have to pay anything. Turns out it expired in Sep rather than Oct anyway so not bad timing.
Cheers all
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