No Claims Bonus - Expat Advice Needed
Discussion
alephnull said:
They 'own' the car if its a write off. If you had two insurance policies, which company gets the written off car? I assume they are after scrap value.
No, they only own the car after the owner agrees the value and sells it to the insurer. It does not automatically belong to the insurers just because they decide it's value is less than the repair cost.In this case the facts of the event that caused the damage would determine which, if any, insurer carried the can.
Buy a real cheap piece of s
t (£100), chuck it in a lockup in the middle of a rural area (£30-£40 a month) and insure it.
I take it you're planning on returning to the UK sometime soon. If it's just in case then is it feasible.
Other than that - I don't see much else you could do?
Cheers
The Moose
t (£100), chuck it in a lockup in the middle of a rural area (£30-£40 a month) and insure it.I take it you're planning on returning to the UK sometime soon. If it's just in case then is it feasible.
Other than that - I don't see much else you could do?
Cheers
The Moose
Mattt said:
Doofus said:
You won't be able to claim on either.
Why? The insurers would split the bill surely? Or do you mean he won't have an insurable interest on the car?
You could also find yourself liable to accusations of fraud or attempted fraud, if it was beleived that you intended to claim twice.
The Moose said:
Buy a real cheap piece of st (£100), chuck it in a lockup in the middle of a rural area (£30-£40 a month) and insure it.
I take it you're planning on returning to the UK sometime soon. If it's just in case then is it feasible.
Other than that - I don't see much else you could do?
Cheers
The Moose
Thanks Moose, yes the plan was to come back at somepoint but it may be another year or two. I wonder if the initial stake of 100 (assuming I couldn't pass on the piece of sh*$ to some unawares boy racer type) plus the 960 or so in rent would be a good enough saving against my increased insurance .... all is based on the assumption that I'll somehow be able to afford fuel in 2 years time in the UK t (£100), chuck it in a lockup in the middle of a rural area (£30-£40 a month) and insure it.I take it you're planning on returning to the UK sometime soon. If it's just in case then is it feasible.
Other than that - I don't see much else you could do?
Cheers
The Moose
That said I will certainly look into this as an option though
Why not "buy" a car and insurer it (suggest through a broker) and then agree to pay the balance over the year. And should you decide that maybe that car wasn't for you (unexpected job opportunity in HK) and had to sell it. Make sure that they have all relevant paperwork (last lot of bonus, completed paperwork) etc. They then keep records and easy to access when you come back.
... Therefore another few years of it alive. Oh I think AVIVA except bonus from 3 years if valid reasoning.
... Therefore another few years of it alive. Oh I think AVIVA except bonus from 3 years if valid reasoning.
Tom H said:
Why not "buy" a car and insurer it (suggest through a broker) and then agree to pay the balance over the year. And should you decide that maybe that car wasn't for you (unexpected job opportunity in HK) and had to sell it. Make sure that they have all relevant paperwork (last lot of bonus, completed paperwork) etc. They then keep records and easy to access when you come back.
... Therefore another few years of it alive. Oh I think AVIVA except bonus from 3 years if valid reasoning.
Tom I like it! ... now to the classifieds .. what type of ferarri can I get for a 100 ... Therefore another few years of it alive. Oh I think AVIVA except bonus from 3 years if valid reasoning.
Toobin said:
Mattt said:
Also, a lot of insurers require you to be UK resident, which can make things awkward.
Yes this is a problemtter and insuring it does not get away from the fact that you are a Non Resident, im in the same boat. This is what i do now, my wife insures both her/"our" cars now and when i go home i just get her to add me onto the insurance for the time i am there, i.e. 2 or 3 weeks at a time, it works out much cheaper as its only 25gbp per time/per car. The insurance company will not touch me as a Non resident, or at least hers wont.Doofus said:
You cannot insure the same risk twice. As soon as one insurer discovers that another has covered the risk, they'll refuse to pay out at all.
You could also find yourself liable to accusations of fraud or attempted fraud, if it was beleived that you intended to claim twice.
All he needs to do is to insure another car where he is not covered as a named driver etc. Consequently he has not insured the same risk twice, just the once. Some policy's do require OP to be registered keeper, not sure about the UK resident bit.You could also find yourself liable to accusations of fraud or attempted fraud, if it was beleived that you intended to claim twice.
I'm not even sure that you can't insure the same risk twice. I think it can be done, but that the insurance companies cut the payout so you don't get paid twice. Used to the case lots of years ago. With some types of insurance its actually relatively easy to end up covered twice. eg phone cover also covered on contents.
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