I want to insure someone else's already insured vehicle.
Discussion
A friend of mine is going away for 3 months or maybe more and I can drive their V12 for 3 months 
but only if I can get my own insurance. I'll be keeping the car at my address for the duration.
So having read old posts, this doesn't seem illegal so is this still the case? Has anyone done this recently?
- How does it work with the car having two policies at different addresses? Can the insurance company say addresses given are incorrect therefore you're a fraud and screw me up for life by cancelling the insurance?
- Do I have to tell the insurance company that it is insured elsewhere? The law says a car must be insured on public road so I'm complying with the law, as long as the insurance company's policy booklet doesn't specifically state you can't do this then I don't want to mention it.
Cheers.
but only if I can get my own insurance. I'll be keeping the car at my address for the duration. So having read old posts, this doesn't seem illegal so is this still the case? Has anyone done this recently?
- How does it work with the car having two policies at different addresses? Can the insurance company say addresses given are incorrect therefore you're a fraud and screw me up for life by cancelling the insurance?
- Do I have to tell the insurance company that it is insured elsewhere? The law says a car must be insured on public road so I'm complying with the law, as long as the insurance company's policy booklet doesn't specifically state you can't do this then I don't want to mention it.
Cheers.
You need to speak with your insurance. He needs to speak with his as well.
I've stopped cars being driven under joint insurance. I've put one for a decision to the force lawyers and had it thrown back.
But, as I say, inform the insurance companies and keep a record of the conversations.
I've stopped cars being driven under joint insurance. I've put one for a decision to the force lawyers and had it thrown back.
But, as I say, inform the insurance companies and keep a record of the conversations.
SS2. said:
The only opinion of any importance is that of your insurance company - you should be asking them.
I would do this straight away if it wasn't for the insurance companies sometimes telling me BS in the past, I wanted to get a second opinion from someone who might have actually done this. I tried to insure a relative’s spare car so wife could use it and our usual insurer said I couldn’t as I didn’t own it. However I’ve since been told this is b
ks, so I imagine a big problem is going to be getting a straight (and consistent) answer.
Insurers generally don’t like multiple insurance as it causes liability problems in the event of a claim.
ks, so I imagine a big problem is going to be getting a straight (and consistent) answer.Insurers generally don’t like multiple insurance as it causes liability problems in the event of a claim.
Derek Smith said:
You need to speak with your insurance. He needs to speak with his as well.
I've stopped cars being driven under joint insurance. I've put one for a decision to the force lawyers and had it thrown back.
But, as I say, inform the insurance companies and keep a record of the conversations.
What do you mean you've put a "decision to the force lawyers and had it thrown back"? Why? I've stopped cars being driven under joint insurance. I've put one for a decision to the force lawyers and had it thrown back.
But, as I say, inform the insurance companies and keep a record of the conversations.
I’ll preface this with a clear statement that only your specific insurer can tell you whether they’ll be happy or not.
However, your first problem is your choice “not to tell them”, that is never a good move with insurance.
Secondly, they will ask you if you own the car. If you use online services then that question is very clear. If you answer “yes” then you’re lying and will end up in a painful situation come claim time. If you answer “no”, then most insurers will choose not to offer cover and those that do will be more expensive.
Third, all insurers have to upload all their policy details to a central register The Motor Insurers Database (MID). This is what is used to constantly cross check insurance for CIE purposes. A dual insured vehicle will flag as a potential error and will be refered back to both insurers for clarity. Each insurer will then check records, contact their insured and recheck details, possibly cancelling their cover.
Fourth, dual insurance does cause significant hassle for insurers in the event of a claim. Easy if you’re driving, but what if it’s stolen? Or vandalised? Or sets on fire? And so on. Both policies bear half the cost each then.
The easiest option is you get added to your friends policy as a named driver, which does leave his NCD open to loss if you claim, but it also removes all the above hassle.
Or, he can cancel his policy and you insure in your own name, obviously there is the hassle over registered keeper / owner questions, so you’ll need a more specialised broker for it.
However, your first problem is your choice “not to tell them”, that is never a good move with insurance.
Secondly, they will ask you if you own the car. If you use online services then that question is very clear. If you answer “yes” then you’re lying and will end up in a painful situation come claim time. If you answer “no”, then most insurers will choose not to offer cover and those that do will be more expensive.
Third, all insurers have to upload all their policy details to a central register The Motor Insurers Database (MID). This is what is used to constantly cross check insurance for CIE purposes. A dual insured vehicle will flag as a potential error and will be refered back to both insurers for clarity. Each insurer will then check records, contact their insured and recheck details, possibly cancelling their cover.
Fourth, dual insurance does cause significant hassle for insurers in the event of a claim. Easy if you’re driving, but what if it’s stolen? Or vandalised? Or sets on fire? And so on. Both policies bear half the cost each then.
The easiest option is you get added to your friends policy as a named driver, which does leave his NCD open to loss if you claim, but it also removes all the above hassle.
Or, he can cancel his policy and you insure in your own name, obviously there is the hassle over registered keeper / owner questions, so you’ll need a more specialised broker for it.
Gavia said:
I’ll preface this with a clear statement that only your specific insurer can tell you whether they’ll be happy or not.
However, your first problem is your choice “not to tell them”, that is never a good move with insurance.
Secondly, they will ask you if you own the car. If you use online services then that question is very clear. If you answer “yes” then you’re lying and will end up in a painful situation come claim time. If you answer “no”, then most insurers will choose not to offer cover and those that do will be more expensive.
Third, all insurers have to upload all their policy details to a central register The Motor Insurers Database (MID). This is what is used to constantly cross check insurance for CIE purposes. A dual insured vehicle will flag as a potential error and will be refered back to both insurers for clarity. Each insurer will then check records, contact their insured and recheck details, possibly cancelling their cover.
Fourth, dual insurance does cause significant hassle for insurers in the event of a claim. Easy if you’re driving, but what if it’s stolen? Or vandalised? Or sets on fire? And so on. Both policies bear half the cost each then.
The easiest option is you get added to your friends policy as a named driver, which does leave his NCD open to loss if you claim, but it also removes all the above hassle.
Or, he can cancel his policy and you insure in your own name, obviously there is the hassle over registered keeper / owner questions, so you’ll need a more specialised broker for it.
You don't tell every insurer if you've had a SAC unless asked (I.e. Comparison between Admiral and LV) so I am trying to get as much info as possible regarding whether I have to tell them of an existing insurance policy, that is to say I don't want to give more info than needed. Ofcourse the MID conflict you mention might be an issue. However, your first problem is your choice “not to tell them”, that is never a good move with insurance.
Secondly, they will ask you if you own the car. If you use online services then that question is very clear. If you answer “yes” then you’re lying and will end up in a painful situation come claim time. If you answer “no”, then most insurers will choose not to offer cover and those that do will be more expensive.
Third, all insurers have to upload all their policy details to a central register The Motor Insurers Database (MID). This is what is used to constantly cross check insurance for CIE purposes. A dual insured vehicle will flag as a potential error and will be refered back to both insurers for clarity. Each insurer will then check records, contact their insured and recheck details, possibly cancelling their cover.
Fourth, dual insurance does cause significant hassle for insurers in the event of a claim. Easy if you’re driving, but what if it’s stolen? Or vandalised? Or sets on fire? And so on. Both policies bear half the cost each then.
The easiest option is you get added to your friends policy as a named driver, which does leave his NCD open to loss if you claim, but it also removes all the above hassle.
Or, he can cancel his policy and you insure in your own name, obviously there is the hassle over registered keeper / owner questions, so you’ll need a more specialised broker for it.
Obviously when asked the question do you own the vehicle or are you the registered keeper, the answer would be "no".
They don't want make changes to their existing policy and they don't want to cancel either because it loses most of the ncb and by the time they're back the policy will be much closer to renewal so easier to get that extra ncb.
Regarding splitting the liability, if I crash the car and then make a claim or a claim is made against me, is there a law that the other insurance company has to be a part of this claim too?
captainaverage said:
You don't tell every insurer if you've had a SAC unless asked (I.e. Comparison between Admiral and LV) so I am trying to get as much info as possible regarding whether I have to tell them of an existing insurance policy, that is to say I don't want to give more info than needed. Ofcourse the MID conflict you mention might be an issue.
Obviously when asked the question do you own the vehicle or are you the registered keeper, the answer would be "no".
They don't want make changes to their existing policy and they don't want to cancel either because it loses most of the ncb and by the time they're back the policy will be much closer to renewal so easier to get that extra ncb.
Regarding splitting the liability, if I crash the car and then make a claim or a claim is made against me, is there a law that the other insurance company has to be a part of this claim too?
I’ve no idea what your point is around SACs. The simple rule with insurance is that if you are asked a question then you must answer truthfully. It’s quite possible that an insurer won’t ask if the vehicle is insured by anyone else upfront, but they will ask once it’s flagged as dual insured. Obviously when asked the question do you own the vehicle or are you the registered keeper, the answer would be "no".
They don't want make changes to their existing policy and they don't want to cancel either because it loses most of the ncb and by the time they're back the policy will be much closer to renewal so easier to get that extra ncb.
Regarding splitting the liability, if I crash the car and then make a claim or a claim is made against me, is there a law that the other insurance company has to be a part of this claim too?
Extra NCD is pretty much irrelevant after 5 years, but definitely after 9 years. If he already has more than that then he’s gaining nothing at all by running the policy to renewal. How do they lose “most of their NCD” by cancelling a policy and then buying a new one a few months later?
It’s called contribution and is the 6th Principle of Insurance. Explained below
https://www.lawteacher.net/free-law-essays/commerc...
captainaverage said:
They don't want make changes to their existing policy...
He ought to tell them it's being kept at a different address.How often will you actually drive the car? If it's just very occasionally then maybe day (or short-term) insurance would work. Aviva and Admiral under-write policies that do this and they're intended for borrowing cars.
Gavia said:
I’ve no idea what your point is around SACs. The simple rule with insurance is that if you are asked a question then you must answer truthfully. It’s quite possible that an insurer won’t ask if the vehicle is insured by anyone else upfront, but they will ask once it’s flagged as dual insured.
Extra NCD is pretty much irrelevant after 5 years, but definitely after 9 years. If he already has more than that then he’s gaining nothing at all by running the policy to renewal. How do they lose “most of their NCD” by cancelling a policy and then buying a new one a few months later?
It’s called contribution and is the 6th Principle of Insurance. Explained below
https://www.lawteacher.net/free-law-essays/commerc...
That was my point, if not asked then do I have to mention it being insured elsewhere? Extra NCD is pretty much irrelevant after 5 years, but definitely after 9 years. If he already has more than that then he’s gaining nothing at all by running the policy to renewal. How do they lose “most of their NCD” by cancelling a policy and then buying a new one a few months later?
It’s called contribution and is the 6th Principle of Insurance. Explained below
https://www.lawteacher.net/free-law-essays/commerc...
Let's say it's flagged and they ask us regarding the car having two insurance policies, then what? Will they ask us to cancel out a policy or what? This is why I was asking whether someone has done this recently or not and maybe if it was flagged up then what happened.
By "most of the NCD" I meant the one years NCD they can get after their policy ends. Use of wrong words, I meant to say cancelling a policy will mean not earning another potential NCD.
captainaverage said:
That was my point, if not asked then do I have to mention it being insured elsewhere?
Let's say it's flagged and they ask us regarding the car having two insurance policies, then what? Will they ask us to cancel out a policy or what? This is why I was asking whether someone has done this recently or not and maybe if it was flagged up then what happened.
By "most of the NCD" I meant the one years NCD they can get after their policy ends. Use of wrong words, I meant to say cancelling a policy will mean not earning another potential NCD.
“Cancel out” are you being serious?Let's say it's flagged and they ask us regarding the car having two insurance policies, then what? Will they ask us to cancel out a policy or what? This is why I was asking whether someone has done this recently or not and maybe if it was flagged up then what happened.
By "most of the NCD" I meant the one years NCD they can get after their policy ends. Use of wrong words, I meant to say cancelling a policy will mean not earning another potential NCD.
It will be flagged. There’s no ifs, no buts, no maybes. It will be flagged as it’s a computer script, which automatically detects anomalies and flags them. I’ve already stated what the insurer will do.
I’ve already explained the NCD impact to your friend I.e. no impact at all if they’ve got more than 9 years NCD currently.
I’ve now explained everything to you several times and you keep coming back asking the same questions and ignoring the answers. Would you prefer someone else to pop in and say “it’s absolutely fine and there are no issues at all whatsoever”. You can then take their advice and ignore everyone else.
There is no law preventing the same car being insured twice, or ten times. There is a law against doing that with the intention of claiming on multiple policies for the same thing, but that's not the case here.
But, there's no law against a 17 y/o driving a Lamborghini, but that doesn't mean an insurance company has to agree to it.
But, there's no law against a 17 y/o driving a Lamborghini, but that doesn't mean an insurance company has to agree to it.
Gavia said:
I’ve already explained the NCD impact to your friend I.e. no impact at all if they’ve got more than 9 years NCD currently.
Wrong. I've seen differences in prices ~£50 between 9 and 14 years.cmaguire said:
He should add you as a named driver.
That's obvious as it is in principle easier than anything else and can be reversed again just as easily later.
But if something does happen, it will screw over both the owner and the OP as they will both have to declare it as an accident / claim on future policies, bumping up both their policies.That's obvious as it is in principle easier than anything else and can be reversed again just as easily later.
Strudul said:
Gavia said:
I’ve already explained the NCD impact to your friend I.e. no impact at all if they’ve got more than 9 years NCD currently.
Wrong. I've seen differences in prices ~£50 between 9 and 14 years.Most people will see bugger all difference, in fact a lot of online quote engines simply say 9+ on the pick list for number of years NCD.
Gavia said:
Strudul said:
Gavia said:
I’ve already explained the NCD impact to your friend I.e. no impact at all if they’ve got more than 9 years NCD currently.
Wrong. I've seen differences in prices ~£50 between 9 and 14 years.Most people will see bugger all difference, in fact a lot of online quote engines simply say 9+ on the pick list for number of years NCD.
Confused lets you state up to 20+
Strudul said:
Last saw it on a £600 policy, but noticed it at just about any price.
Confused lets you state up to 20+
Most people won’t see that result. Most being the key word. In any case, that’s not the most important piece to the OP and has sent us off on a tangent. If his mate has more than 20years NCD can we agree to let it go?Confused lets you state up to 20+
Edited by Gavia on Sunday 25th February 14:49
Gavia said:
Most people won’t see that result. Most being the key word. In any case, that’s not the most important piece to the OP and has sent us off on a tangent. If his mate has more than 20years NCD can we agree to let it go?
Most != all. Have to be careful when making sweeping statements. It's worth checking to see what difference there will be if they have an extra years NCB.Gassing Station | Speed, Plod & the Law | Top of Page | What's New | My Stuff