free insurance for 14 days?

JonBoy_SCFC

my mate Ross tells me you can cancel a policy within 14 days at no cost - a "cooling off period"

as my premiums are so big, i'm thinking of doin this about 7 o 8 times this year and end up payin no insurance. i don't use the car that much cos i go away with work quite a lot, so i probably don't need much more than 10 or so periods of 2 week cover

then next year i'll be a year older with an extra NCB and can probably afford my insurance

is there any problem with what i'm thinkin?

simpywimpy

If you made a claim you'd be liable for the whole year.

Woby_Tide

plus no no claims entitlement, and associated hassle obtaining the deposit refund though I thought they would still charge for the period you were insured

JonBoy_SCFC

i'm quite a good risk so don't think i'd ever need to claim

but i'm sure i cud find a grand or two if i had too for a few days until the claim cheque came thru. Or even they could just take what i ow them off the value of the car?

Quentin

Make sure you read all the ts + cs - some insurers still make a pro rata charge for the days you have been on cover (though still allowing you to cancel within the 14 days without paying any extra cancellation charges).

shelly

JonBoy_SCFC wrote: »

i'm quite a good risk so don't think i'd ever need to claim

We all think that until something goes wrong :rolleyes:

And you won't have another years NCB, you have to have the policy for 12 months to get a year NCB.

dunstonh

my mate Ross tells me you can cancel a policy within 14 days at no cost - a "cooling off period"

Depends on the insurance. Some policy types are allowed to charge you for the period of cover and a reasonable admin charge to cover work done. Car insurance is one of those that can charge.

as my premiums are so big, i'm thinking of doin this about 7 o 8 times this year and end up payin no insurance.

Your loss of no claims discount will be the bigger issue. You may be able to do it once or twice but then the gap opens up in the dates between the last expired insurance and each you buy as you wont be able to use the certificate from each "temporary" provider as proof of your NCD. There would come a point where you would have to explain the gap of having no insurance. That could see your NCD removed and you having to admit what you have been doing. That would allow the insurer to refuse cover. You would then have to declare that you have been refused cover and why. That would allow others to refuse cover. And if you dont tell the truth, they would find out if you needed to make a claim and then have good grounds not to pay out. You can then be prosecuted for not having insurance.

Quentin

dunstonh wrote: »

That could see your NCD removed and you having to admit what you have been doing. That would allow the insurer to refuse cover.

You seem to suggest that the op would be doing something wrong.

In fact he would be adhering strictly to the policy conditions. (Which allow 14 days to read the policy and decide whether or not to continue with it).

Why would his NCD be "removed" if no claim was made?

shelly

Quentin wrote: »

Why would his NCD be "removed" if no claim was made?

I read it that dunstonh meant that if OP done this for a long period of time the NCB he has already will run out.
Like when someone doesn't hold a policy for 2-3 years their NCB "expires"

Quentin

Most insurers allow a 2 year gap, the op was aiming to get by for just a year with his scheme.

dunstonh

You seem to suggest that the op would be doing something wrong.

Technically he is not.

In fact he would be adhering strictly to the policy conditions. (Which allow 14 days to read the policy and decide whether or not to continue with it).

Why would his NCD be "removed" if no claim was made?

It depends on the cancellation type that is enforced. If the provider charges for 14 days of cover then that policy existed. If they cancel the policy and dont charge then it becomes void and never existed.

Sooner or later when getting the next policy arragned, the OP is going to be asked why there is a gap in the insurance which will need to be explained as he could be using an old proof of NCD to try and hide a claim. He will need to explain what he has been doing. If the insurance company still agrees to it after that then they deserve him as a customer. However, some are going to refuse. He then starts building up reasons to declare on the "have you ever had insurance refused, cancelled etc etc".