Temporary Insurance Cover on Loan Car

[bottle10]

I am proposing to buy a new Porsche. As a previous customer, my local dealership has offered to loan me a car for a weekend provided I arrange the insurance - easier said than done! Unfortunately, the value is beyond the underwriting limits of my own motor insurer and I cannot seem to find anyone prepared to quote. Can anyone help, please.

[CarZee]

unlucky - you're stuffed if your current policyholders won't do it... noone does short-term insurance other than as part of fleet deals..

[bottle10]

That kind of confirms what I am finding. Well, it was a nice thought.

[size13]

can't you take you a full policy, then either move that to your new car or cancel it and get a rebate?

[apache]

size13 said: can't you take you a full policy, then either move that to your new car or cancel it and get a rebate?

that's what my agent recommended

[bottle10]

that's a good idea but it only works to the extent that the insurer charges premium pro rata to the time on risk and not a minimum premium, typically 20% - 30% of the annual premium. all the companies I've tried so far do the latter. the waiting list for the new car is 18 months so transferring the policy won't work, I'm afraid.thanks for taking the time to reply.

[cnh1990]

Rentals on my Mastercard credit card covers this sort of insurance for rental autos. See what they say if the Auto dealer writes it up as a rental?
Calvin

[mechsympathy]

I had to cancel a policy recently after less than a week - cos the car went back as it was knackered - it cost me £10(ish). It was a £780 policy, so that isn't too horrendous. It was through Dial Direct and a Churchill policy.

Start it up, use the car, tell the insurers the car was unsatisfactory and you're looking for another and could they cancel the policy and they'll be so keen to keep your business you'll be fine.

[bottle10]

cnh1990 said: Rentals on my Mastercard credit card covers this sort of insurance for rental autos. See what they say if the Auto dealer writes it up as a rental?
Calvin

Calvin - i certainly hadn't thought of that. unfortunately, my credit cards only offer travel insurance. thanks anyway.

[bottle10]

mechsympathy said: I had to cancel a policy recently after less than a week - cos the car went back as it was knackered - it cost me £10(ish). It was a £780 policy, so that isn't too horrendous. It was through Dial Direct and a Churchill policy.

Start it up, use the car, tell the insurers the car was unsatisfactory and you're looking for another and could they cancel the policy and they'll be so keen to keep your business you'll be fine.

sound idea - the only complication being the car i would borrow belongs to the dealership. i won't be geting my car for 18 months.

[icamm]

bottle10 said:

mechsympathy said: I had to cancel a policy recently after less than a week - cos the car went back as it was knackered - it cost me £10(ish). It was a £780 policy, so that isn't too horrendous. It was through Dial Direct and a Churchill policy.

Start it up, use the car, tell the insurers the car was unsatisfactory and you're looking for another and could they cancel the policy and they'll be so keen to keep your business you'll be fine.

sound idea - the only complication being the car i would borrow belongs to the dealership. i won't be geting my car for 18 months.

Well that's as good a reason for it being unsatisfactory as any .