Insuring car for sale..please I need help!

sam1970

We are in the process of selling my wife's old car and she already got another one which she insured. The insurance on the old car will expire tonight but I did not manage to sell it as I was expecting. I think it will take another week to sell so how can I go about insuring it? I contacted my insurers as I have a comprehensive policy on my car and asked if could add that old car to the policy on third party cover basis but they said no...any suggesstions please as from tomorrow the car will be stuck on the driveway and any potential buyers will not be able to try it!!!

Inactive

There are quite a few insurers that will insure for short periods, a day, a week etc.

Do a Google.;)

Quentin

sam1970 wrote: »

...any suggesstions please as from tomorrow the car will be stuck on the driveway and any potential buyers will not be able to try it!!!

Even when you have insured it, potential buyers would only be able to try it as a passenger (they wouldn't be insured to drive it unless you add them to your insurance as a named driver).

Beware letting buyers drive it as they would be driving uninsured as far as your policy is concerned.

Inactive

Indeed, you could insist on the potential buyer getting their own short term cover to test drive it.

Guys_Dad

Quentin wrote: »

Even when you have insured it, potential buyers would only be able to try it as a passenger (they wouldn't be insured to drive it unless you add them to your insurance as a named driver).

Beware letting buyers drive it as they would be driving uninsured as far as your policy is concerned.

Not necessarily so as many comprehensive policies allow a person to drive any car not owned by them, but only 3rd party cover. Always ask potential buyers that first.

Quentin

Yes, potential buyers can drive the car under the circs you describe. (My post concerned the OP's intention to take out insurance for potential buyers)

But you should beware letting potential drivers drive it (apart from the security aspect):

1) Any damage they caused to the car would be uninsured.

2) You would need to get to see photo id/driving licence/insurance cert/etc off them, and still wouldn't be certain they had the cover they claimed without checking direct with the insurance company.

sam1970

thanks for all suggesstions...someone on another thread suggested having a new policy and then cancelling within the 14 days cooling off period once the car is sold...any problems with this option apart from it being cheeky?

Quentin

Not as far as you driving it, but still no good for potential buyers.

sam1970

I am not worried about buyers....unless he shows a valid comprehensive policy certificate on another car he will not be llowed near my car

nomoneytoday

Your wifes insurers will probably be able to do temp cover until sold.
Direct Line, for example, offered 3PF&T cover on my old car for 2 weeks until sold for about £20

Quentin

sam1970 wrote: »

thanks for all suggesstions...someone on another thread suggested having a new policy and then cancelling within the 14 days cooling off period once the car is sold...any problems with this option apart from it being cheeky?

No reason why you couldn't do this more than once (if you don't sell by, say, day 12 of the 14, then take out a new policy elsewhere and cancel the first one to get a further free 14 days).