Use Old V5 to Insure?
Author
Discussion

E63M6

Original Poster:

596 posts

151 months

Tuesday 5th August 2014
quotequote all
Hi,

My cousin bought a car off me and then proceeded to insure it, but on the policy he said it was registered under his name he does have the intention to transferring it into his name but has not yet. Now the insurers want the V5 but it is still under my name, can he send it to them with a receipt of purchase for now? Reason for this because they want it within 7 days and it will obviously take longer for the v5 to be transferred.

bingybongy

4,152 posts

177 months

Tuesday 5th August 2014
quotequote all
A title would have helped.

PurpleMoonlight

22,362 posts

188 months

Tuesday 5th August 2014
quotequote all
Why haven't you sent it to the DVLA to update for new keeper?

Post it, and then tell the insurer it's with the DVLA being updated. Give them a copy of the new keeper slip in the meantime.


E63M6

Original Poster:

596 posts

151 months

Tuesday 5th August 2014
quotequote all
Ooops sorry about the title thought i had one. Mods if you could please fix it.

Yeah i know he should have transferred it already. The insurance are saying he needs to give them all these documents in 7 days if not the insurance will be cancelled. Do you think a new supplement slip will do for now?

750turbo

6,164 posts

255 months

Tuesday 5th August 2014
quotequote all
E63M6 said:
Hi,

My cousin bought a car off me and then proceeded to insure it, but on the policy he said it was registered under his name he does have the intention to transferring it into his name but has not yet. Now the insurers want the V5 but it is still under my name, can he send it to them with a receipt of purchase for now? Reason for this because they want it within 7 days and it will obviously take longer for the v5 to be transferred.
Why do the insurers want this I wonder?

I have never been asked in over 30 years of owning (mostly boring) cars and bikes?

PurpleMoonlight

22,362 posts

188 months

Tuesday 5th August 2014
quotequote all
It's not his responsibility, it's yours ......

Who me ?

7,455 posts

243 months

Tuesday 5th August 2014
quotequote all
750 -possibly because the car is not registered( on V5) to the proposer. I had this a problem a few years back . My daughter had acquired an old banger with a few months tax & mot on it, but it was registered in her name. Only way round problem was to change nameon V5.

E63M6

Original Poster:

596 posts

151 months

Tuesday 5th August 2014
quotequote all
Surely telling the insurers he is the registered keeper when at this moment of time he is not is his responsibility. Do you guys think the new keeper supplement will do for now for the insurers?

Roo

11,504 posts

238 months

Tuesday 5th August 2014
quotequote all
It's his responsibility to supply his insurers with the documents they want.

Only his insurer will know if they'll accept the new keeper supplement.

Why didn't you send off the V5 when you sold it?

Expect a fine in the post from the DVLA for not telling them you'd sold the car.

LoonR1

26,988 posts

208 months

Tuesday 5th August 2014
quotequote all
Which insurer is asking for the V5? None do as far as I'm aware unless the car has been written off, so that the insurer can pay out and then dispose of the salvage.

Has he crashed it?

Mound Dawg

1,931 posts

205 months

Tuesday 5th August 2014
quotequote all
They'll give you some leeway to cover transfer/DVLA inefficiency etc. but I'm guessing that this sale took place more than a few weeks ago.

Mound Dawg

1,931 posts

205 months

Tuesday 5th August 2014
quotequote all
[quote=Who me ?]750 -possibly because the car is not registered( on V5) to the proposer. I had this a problem a few years back . My daughter had acquired an old banger with a few months tax & mot on it, but it was registered in her name. Only way round problem was to change nameon V5.
[/quote]


Double post- if your daughter got a car and it was registered in her name, why did the V5 need to be changed to insure it? Her insurers would WANT her name on the V5 wouldn't they?



LoonR1

26,988 posts

208 months

Tuesday 5th August 2014
quotequote all
Mound Dawg said:
Who me said:
750 -possibly because the car is not registered( on V5) to the proposer. I had this a problem a few years back . My daughter had acquired an old banger with a few months tax & mot on it, but it was registered in her name. Only way round problem was to change nameon V5.
Double post- if your daughter got a car and it was registered in her name, why did the V5 need to be changed to insure it? Her insurers would WANT her name on the V5 wouldn't they?
Well spotted, looks like Who Me? decided to front his daughters insurance for her.

Mound Dawg

1,931 posts

205 months

Tuesday 5th August 2014
quotequote all
I spent 25 years in motor insurance.

I can spot fronting from space...

Roo

11,504 posts

238 months

Tuesday 5th August 2014
quotequote all
He doesn't have much luck with insurers.

Who me ?

7,455 posts

243 months

Tuesday 5th August 2014
quotequote all
LoonR1 said:
Mound Dawg said:
Who me said:
750 -possibly because the car is not registered( on V5) to the proposer. I had this a problem a few years back . My daughter had acquired an old banger with a few months tax & mot on it, but it was registered in her name. Only way round problem was to change nameon V5.
Double post- if your daughter got a car and it was registered in her name, why did the V5 need to be changed to insure it? Her insurers would WANT her name on the V5 wouldn't they?
Well spotted, looks like Who Me? decided to front his daughters insurance for her.
I missed the important bit.Mine was off road( no VED/mot, and cash was tight) ,but I still had insurance fully paid for in my name. I transferred insurance to other car ,AFTER ins co said vehicle had to be on V5 in my name.

So for those making random accusations , and jumping high to conclusions, remember the saying .ASSUME = ass u me .

Vaud

59,927 posts

186 months

Tuesday 5th August 2014
quotequote all
Previous posts:

http://www.pistonheads.com/gassing/topic.asp?h=0&a...
http://www.pistonheads.com/gassing/topic.asp?h=0&a...

OP - why don't you tell us the full stories so we can advise with all of the context. This is a helpful forum with both lawyers and insurance experts who have helped, FOC many PHers with legal and insurance guidance.

You seen to be having some issues but only the full context will get you the right advice.

E63M6

Original Poster:

596 posts

151 months

Tuesday 5th August 2014
quotequote all
The previous two threads are a whole different matter to this. They were concerning myself whereas this is me selling a car to a relative and trying to help him

The v5 has been sent away but he has not received it back yet but the insurers want it within 7 days which i doubt will be long enough for it to arrive. Hopefully the insurers will understand this.

I myself found this strange of the insurers asking for the v5. Personally i think they have done checks and found the car to be not registered in his name yet..

E63M6

Original Poster:

596 posts

151 months

Tuesday 5th August 2014
quotequote all
I appreciate it looks kinda bad with all these insurance problems but they are genuine with two different people and policies involved.

PurpleMoonlight

22,362 posts

188 months

Wednesday 6th August 2014
quotequote all
E63M6 said:
The v5 has been sent away but he has not received it back yet
I guess that was between the time of your initial post and this one huh!

It is pointless asking for advice if you keep changing your poxy story ...