Odd layup insurance question

[dnb]

I may downsize my fleet in a few months, so will be left with one more set full of no claims bonus than I have road cars to use it on.

I would prefer this NCB didn't expire because it's taken 6 years to get and I'll no doubt want to increase the fleet again in a time scale just longer than I believe NCB remains valid.

I have a partially complete track/autotest car (no MOT and only half an engine) that could be insured, however it is group 17, so not exactly cheap, so defeats some of the point... Does anyone know of layup insurance that uses NCB and isn't vastly expensive? The track car value is all of £500 at the most.

Any pointers gratefully received.

[northandy]

I thought ncb was valid for 2 years. Might be worth looking at.

If not could you insure a moped using it?

[dnb]

Didn't think of 2 wheels... Doesn't sound like a bad plan on the face of it since I'd never ride the thing as I'm scared of things with engines and less than 4 wheels.

I remember being told 1 year, but if worst comes to worst it could be 2 years before I own 3 road cars again.

[cuprabob]

Bike NCB is not transferable as car NCB and vice versa, so moped idea is a non starter.

[the_lone_wolf]

northandy said:

If not could you insure a moped using it?

Bike and car NCD aren't interchangable

Some insurers will give you a starter bonus if you have several years car NCD but you can't just use NCD from a car policy on a motorcycle policy

[DrDeAtH]

Laid up insurance is akin to classic insurance, in that it doesn't accrue NCD.

[dnb]

OK, thanks so far.

Sounds like the question has changed to "what is the lowest insurance group car that can be bought for the cheapest?" Shortly followed by "Mum, can I borrow your driveway..."

[Blue Oval84]

I think my laid up Footman James policy may have maintained NCB, worth a call.

[AndyLB]

Crazy idea that will no doubt draw lots of criticism-

Why don't you just insure a car that you don't own?

Agreed this breaks any number of the insurers ts & cs like "registered keeper/legal owner" and the one about not insuring a car twice, but if it's purely a paperwork exercise to maintain an NCB then neither of these will ever come to light.

• Awaits flaming*

[xRIEx]

cuprabob said:

Bike NCB is not transferable as car NCB and vice versa, so moped idea is a non starter.

I've been able to put bike NCB on a car in the past, but not put it back from car to bike.

[Darkslider]

You don't even need a physical car, just an identity with a reg number. For instance I scrapped an old Rover 25 about two years ago but forgot to send off the V5 to mark it as scrapped, every year I get a sorn reminder so sorn it and think 'Must do something about that' then forget for another year, but I could still quite easily insure the car if I wanted to.

So maybe that's your answer, buy some rusty crapped out heap for fifty quid, take it straight round to the local scrap merchants, get your fifty quid back and then hang onto the logbook.

Not sure on the legality of above procedure though, but it's not me who's thinking of doing it

[Dog Star]

Darkslider said:

You don't even need a physical car, just an identity with a reg number. For instance I scrapped an old Rover 25 about two years ago but forgot to send off the V5 to mark it as scrapped, every year I get a sorn reminder so sorn it and think 'Must do something about that' then forget for another year, but I could still quite easily insure the car if I wanted to.

So maybe that's your answer, buy some rusty crapped out heap for fifty quid, take it straight round to the local scrap merchants, get your fifty quid back and then hang onto the logbook.

Not sure on the legality of above procedure though, but it's not me who's thinking of doing it

That was what I was thinking; insure a completely fictional group 1 vehicle TPO for 1000 miles a year social (no commuting), no windscreen, no breakdown blah blah.

Either that OP or the other thing I was thinking of doing myself next year when I give my C1 back - insure your car using NCB #1 one year, then using NCB #2 the next year, then NCB #1 etc etc so keeping the NCBs "alive".

[Herman Toothrot]

Dog Star said:

That was what I was thinking; insure a completely fictional group 1 vehicle TPO for 1000 miles a year social (no commuting), no windscreen, no breakdown blah blah.

Either that OP or the other thing I was thinking of doing myself next year when I give my C1 back - insure your car using NCB #1 one year, then using NCB #2 the next year, then NCB #1 etc etc so keeping the NCBs "alive".

Think they'd take a dim view if that as it open them up to fraud. You could turn around and claim the car been stolen.

[mike9009]

No need to make a decision for two years. Most insurers will honour NCD that is upto two years old. I have proven this when i was banned for 18 months and then got back on the road and insured again.

NCD was honoured from when I went off the road.....

Mike

[McSam]

Herman Toothrot said:

Dog Star said:

That was what I was thinking; insure a completely fictional group 1 vehicle TPO for 1000 miles a year social (no commuting), no windscreen, no breakdown blah blah.

Either that OP or the other thing I was thinking of doing myself next year when I give my C1 back - insure your car using NCB #1 one year, then using NCB #2 the next year, then NCB #1 etc etc so keeping the NCBs "alive".

Think they'd take a dim view if that as it open them up to fraud. You could turn around and claim the car been stolen.

Exactly. You must not insure something which is already insured against the same liabilities, or in which you have no insurable interest.

[TwigtheWonderkid]

McSam said:

Herman Toothrot said:

Dog Star said:

That was what I was thinking; insure a completely fictional group 1 vehicle TPO for 1000 miles a year social (no commuting), no windscreen, no breakdown blah blah.

Either that OP or the other thing I was thinking of doing myself next year when I give my C1 back - insure your car using NCB #1 one year, then using NCB #2 the next year, then NCB #1 etc etc so keeping the NCBs "alive".

Think they'd take a dim view if that as it open them up to fraud. You could turn around and claim the car been stolen.

Exactly. You must not insure something which is already insured against the same liabilities, or in which you have no insurable interest.

It's only fraud if you make it so. No one is going to investigate insurance fraud on a policy where there is no claim!!

I did this with my bike insurance for years. It lasted 2 yrs, so after 23 months I'd note a reg number of a local moped and insure it for a year for about £60. Then after a few weeks I'd cancel and get about £40 back. I'd ask for my ncb proof and get a whole new one to start the 2 yrs over again. If anyone ever asked, which they never did, I would just say I was going to buy it but the sale fell thru.

When I eventually bought my Fireblade, having kept my NCB alive saved me a fortune.

[xRIEx]

TwigtheWonderkid said:

McSam said:

Herman Toothrot said:

Dog Star said:

That was what I was thinking; insure a completely fictional group 1 vehicle TPO for 1000 miles a year social (no commuting), no windscreen, no breakdown blah blah.

Either that OP or the other thing I was thinking of doing myself next year when I give my C1 back - insure your car using NCB #1 one year, then using NCB #2 the next year, then NCB #1 etc etc so keeping the NCBs "alive".

Think they'd take a dim view if that as it open them up to fraud. You could turn around and claim the car been stolen.

Exactly. You must not insure something which is already insured against the same liabilities, or in which you have no insurable interest.

It's only fraud if you make it so. No one is going to investigate insurance fraud on a policy where there is no claim!!

I did this with my bike insurance for years. It lasted 2 yrs, so after 23 months I'd note a reg number of a local moped and insure it for a year for about £60. Then after a few weeks I'd cancel and get about £40 back. I'd ask for my ncb proof and get a whole new one to start the 2 yrs over again. If anyone ever asked, which they never did, I would just say I was going to buy it but the sale fell thru.

When I eventually bought my Fireblade, having kept my NCB alive saved me a fortune.

Now that is fraud (or very close to the bone), because you were (are) claiming a discount that you were never entitled to. Buying and insuraing a stter that never leaves your drive is one thing, insuring something that you have no insurable interest in, in order to earn a discount is quite another.

[TwigtheWonderkid]

xRIEx said:

Now that is fraud (or very close to the bone), because you were (are) claiming a discount that you were never entitled to.

Not so. I was entitled. Ncb is about having a policy in your own name and not claiming on it. It's got nothing to do with driving skill or anything else. I had a policy and I didn't claim. That makes me entitled to no claims discount.

[xRIEx]

TwigtheWonderkid said:

xRIEx said:

Now that is fraud (or very close to the bone), because you were (are) claiming a discount that you were never entitled to.

Not so. I was entitled. Ncb is about having a policy in your own name and not claiming on it. It's got nothing to do with driving skill or anything else. I had a policy and I didn't claim. That makes me entitled to no claims discount.

No you weren't entitled - one of the principles of insurance is that of insurable interest - having a financial connection with what you are insuring (i.e. if something goes wrong, you lose money). Just picking someone else's registration number is very much you not having an insurable interest.

Additionally, the proposal form, statement of fact or rating questions will have had questions such as, "who is the owner?" and "who is the registered keeper?" If you didn't answer these correctly then you have fraudulently taken out a contract with the intention of personal financial gain (maintaining no claims discount).

Edited by xRIEx on Monday 26th November 12:23

[redstu]

TwigtheWonderkid said:

xRIEx said:

Now that is fraud (or very close to the bone), because you were (are) claiming a discount that you were never entitled to.

Not so. I was entitled. Ncb is about having a policy in your own name and not claiming on it. It's got nothing to do with driving skill or anything else. I had a policy and I didn't claim. That makes me entitled to no claims discount.

It does sound a bit dubious. Actually owning a pile of scrap seems like a far better option.

Along the same lines though , there must be thousands of policies that the owners allow to run out after selling a car, As insurance companies sometimes charge a cancelation fee which obviously no one would be happy about paying, so potentially allowing vehicles to be covered twice.