Scrapping - What happens to insurance?

mikey72

patman99 wrote: »

There's nothing to say that the car actually needs to be complete to be insured. If you can remove the springs and exhaust, then do so. You could even strip and sell any parts you are confident-enough to remove, such as lights, bumpers, front grille etc. Who knows, you may even make enough dosh to hasten the purchase of your next car. It all depends on the make/model of your current one.

Excellent idea, if you can store the car off the road, do this and get the money back.

PsiDOC wrote: »

I thought that was academic. You get 1 years No Claims for EACH YEAR of claim free motoring. You cancel 8 months into the year then you have not completed said year of Claim free motoring, and hence are NOT entitled to it.

Do you have a PROBLEM with your keyboard? Check your CAPS LOCK, and you also keep drifting into BOLD type randomly.

Lum

You are very unlikely to run into trouble for scrapping it as generally insurers don't even look at your policy until something happens to trigger them into doing some work, such as you calling up to ask questions, or someone making a claim, however as others have stated it's technically wrong to do this.

I agree with the idea to SORN it and break it for parts yourself, but bear in mind that to SORN it you will need somewhere private to park it, such as a driveway. If you park it on the street or in a public car park it must remain taxed.

Also if you park it on the street you'll need to be more careful about what parts you take off as you can't leave it in a dangerous condition, e.g. with sharp edges.

Another option, if you have the space, would be when you replace your car, get one of the same make and model and then you can use the old one as a parts car to replace things like the exhaust, light clusters etc. etc.

Depends on whether you want your driveway looking like this:



(Full story and more pics here)

jd82

Most insurance companies will let you suspend for upto three months allowing you to keep your NCB You carry on paying your monthly payments but when you get the new car they knock the payments off the new premium for your new car