Keep policy running after selling a car

1. ImElliot Infrequent Poster Joined: Mar 2014 Posts: 143 2002 Saxo 1.1

   #1 13th October 2014, 16:17

   I was just going to cancel it but i think i'm going to keep the policy running for a few weeks till i get a new car if i can. Is there anything that can go against me by keeping the policy running when i don't own the car?
2. D4MJT Saxperience Forum Bum Joined: Mar 2009 Morpeth Posts: 2539 BMW 116d Regional Toner Sales Edition

   #2 13th October 2014, 16:21

   Nothing whatsoever, it's ideal to keep your No-Claims running etc anyway.
3. chompy Established Member Joined: Jan 2008 Scotland Posts: 1764 Because racecar

   #3 13th October 2014, 16:22

   Yes, there was a thing in the news a while ago.
   
   Can't remember the exact details, but basically a guy did as you say. Then got fucked over after the new owner didn't insure it, crashed and did some damage.
   
   Have a search as I can't be fucked.
4. D4MJT Saxperience Forum Bum Joined: Mar 2009 Morpeth Posts: 2539 BMW 116d Regional Toner Sales Edition

   #4 13th October 2014, 16:26

   Quote:

   Originally Posted by chompy Yes, there was a thing in the news a while ago. Can't remember the exact details, but basically a guy did as you say. Then got fucked over after the new owner didn't insure it, crashed and did some damage. Have a search as I can't be fucked.

   How can you possibly have any bother with your own insurance if you've sold a car. Insurance doesn't come into it, you've sold the car, if you have a receipt of sale with date and time it's the new owner's problem.
   
   I could take out an insurance policy on your Sandero tomorrow, it wouldn't matter one jot. I'd not be able to drive the car without your permission, and I'd have to state that I wasn't the registered owner of the vehicle, but I could still take out an insurance policy on the car to cover me to drive it, even I knew I would never drive it and I'd be pissing money into the wind.
5. Jizanthapus Saxperience Forum Bum Joined: Mar 2012 Posts: 3593

   #5 13th October 2014, 16:26

   Should be fine for a few weeks yes. I'm sure I left a policy running for a month or so on a car I no longer owned, and everything was ok.
6. DAMSK11 Established Member Joined: Jan 2012 Cambridgeshire, England Posts: 2180 Saxo 1.1, Fiesta Zetec S

   #6 13th October 2014, 16:27

   Your No claims stay for 2 years i think so might aswell cancel it
7. D4MJT Saxperience Forum Bum Joined: Mar 2009 Morpeth Posts: 2539 BMW 116d Regional Toner Sales Edition

   #7 13th October 2014, 16:29

   Quote:

   Originally Posted by DAMSK11 Your No claims stay for 2 years i think so might aswell cancel it

   If he's intending to replace the car within a few weeks it's pointless canceling the policy only to re-insure it.
8. MuZiZZle Saxperience Post Whore Joined: Jul 2011 Newcastle upon Tyne Posts: 7779 Phase 2 VTS , E61 M5

   #8 13th October 2014, 16:43

   Quote:

   Originally Posted by D4MJT How can you possibly have any bother with your own insurance if you've sold a car. Insurance doesn't come into it, you've sold the car, if you have a receipt of sale with date and time it's the new owner's problem. I could take out an insurance policy on your Sandero tomorrow, it wouldn't matter one jot. I'd not be able to drive the car without your permission, and I'd have to state that I wasn't the registered owner of the vehicle, but I could still take out an insurance policy on the car to cover me to drive it, even I knew I would never drive it and I'd be pissing money into the wind.

   13p of sheer extravagance
9. ImElliot Infrequent Poster Joined: Mar 2014 Posts: 143 2002 Saxo 1.1

   #9 13th October 2014, 17:59

   Thanks everyone. Will keep it going for a bit if i don't get another car in, Say a month i will cancel it
10. unclewinnet Infrequent Poster Joined: Nov 2013 Posts: 168

    #10 14th October 2014, 00:02

    Just ring your insurance up and put it on hold until you get a new car