Cancelling insurance and loosing NCB
Discussion
Having recently sold my car and we are trialling just being a one car family for a few months.
I will still be a named driver on my wives policy and I obviously need to cancel my policy for my car.
However, I currently have 9 years protected no claims. If I'm not a policyholder and just a named driver for say 6 months, does that take me back to 0 years no claims? Or am I over thinking it?
I will still be a named driver on my wives policy and I obviously need to cancel my policy for my car.
However, I currently have 9 years protected no claims. If I'm not a policyholder and just a named driver for say 6 months, does that take me back to 0 years no claims? Or am I over thinking it?
BertBert said:
Don't you get that at renewal anyway, so will have it from the previous one?
Not always. I had to call up about this in the last couple of months and was informed that I needed to wait for the old policy to expire and request the NCB afterwards.Seemed to add admin for the insurance company so I'm not sure what their angle with it was. I suspect if I asked for it a month later or something they would have charged an admin fee.
trickywoo said:
BertBert said:
Don't you get that at renewal anyway, so will have it from the previous one?
Not always. I had to call up about this in the last couple of months and was informed that I needed to wait for the old policy to expire and request the NCB afterwards.Seemed to add admin for the insurance company so I'm not sure what their angle with it was. I suspect if I asked for it a month later or something they would have charged an admin fee.
trickywoo said:
You need to get the old insurance cancelled soonest.
If the new owner is running around without insurance you could be on the hook personally for a claim.
Really? How does that work? The policy holder is the insured, not the car. I would have thought that, once sold, it's nothing to do with whoever holds an insurance policy, unless the new owner is driving with explicit permission of the original owner. But I'm no expert...If the new owner is running around without insurance you could be on the hook personally for a claim.
AdeTuono said:
trickywoo said:
You need to get the old insurance cancelled soonest.
If the new owner is running around without insurance you could be on the hook personally for a claim.
Really? How does that work? The policy holder is the insured, not the car. I would have thought that, once sold, it's nothing to do with whoever holds an insurance policy, unless the new owner is driving with explicit permission of the original owner. But I'm no expert...If the new owner is running around without insurance you could be on the hook personally for a claim.
CanAm said:
AdeTuono said:
trickywoo said:
You need to get the old insurance cancelled soonest.
If the new owner is running around without insurance you could be on the hook personally for a claim.
Really? How does that work? The policy holder is the insured, not the car. I would have thought that, once sold, it's nothing to do with whoever holds an insurance policy, unless the new owner is driving with explicit permission of the original owner. But I'm no expert...If the new owner is running around without insurance you could be on the hook personally for a claim.
I nearly fell foul of the 2 year expiry for NCD. I only caught it by chance as I bought a second car and thought my 20 years' NCD would be a useful addition, only to find that I only had 2 months left to assign it. Phew*.
- Actually, I'm not sure how much difference it made to the premium. Not as much as I had hoped. The car is group 50 and they were more concerned as to whether I had experience of a 'powerful' car. I tried to explain that my Defender is mapped & does that count? Nope, apparently not. On a more serious note I did try to explain that this is the second time I've owned this exact make, model and age of car but apparently that didn't count either.
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