Canceling Car Insurance Policy - Charge

POPPYOSCAR

Helen_J wrote: »

I think if you declare a SORN then you don't have to insure it but I don't know for certain.

You are not legally required to insure your vehicle if it is kept off the road i.e. not parked on a public road, it must be kept in a private place.

bouncydog1

Flyboy152 wrote: »

What reason would there be for an insurance company to issue a policy on someone else's name, if they are not going to be a driver on that policy? I have tried to do a few quotes on that basis online, I couldn't any company that allow me to do it.

O.K. - what about if you have a policyholder that is not allowed to drive for a while because of illness or injury or suspension - they still keep the policy running with say a wife on there but would not be shown as a driver on the certificate. You also get occasions where a parent may purchase a car for a child to use, disclose all facts to the underwriters e.g. child is main and only driver on the policy so it is rated on the childs age and experience, but the policy is issued in the name of the parent as the parent owns the vehicle and is the registered keeper.

This is a good reason for using a broker as your broker is the interface with the underwriter and can often get things agreed with underwriters which the general public can't. The parents for instance, may have several policies through the broker with that particular company, so the company agrees the policy as accommodation business rather than risk losing the portfolio to another co.

Online quotes will only quote for the more usual risks which is why you would not be able to do it. They are also looking out for fronting, issuing policies for suspended drivers etc so anything that is unusual falls out of the system.

Whilst these circumstances are unusual there are insurers that are likely to be flexible but you will not get this online.

Online systems generally also tend to be used by people looking for the cheapest policy which will generally give them the basics without flexibility for add ons. If you have unusual risks, cheapest is not always best.

Flyboy152

bouncyd!!! wrote: »

O.K. - what about if you have a policyholder that is not allowed to drive for a while because of illness or injury or suspension - they still keep the policy running with say a wife on there but would not be shown as a driver on the certificate. You also get occasions where a parent may purchase a car for a child to use, disclose all facts to the underwriters e.g. child is main and only driver on the policy so it is rated on the childs age and experience, but the policy is issued in the name of the parent as the parent owns the vehicle and is the registered keeper.

This is a good reason for using a broker as your broker is the interface with the underwriter and can often get things agreed with underwriters which the general public can't. The parents for instance, may have several policies through the broker with that particular company, so the company agrees the policy as accommodation business rather than risk losing the portfolio to another co.

Online quotes will only quote for the more usual risks which is why you would not be able to do it. They are also looking out for fronting, issuing policies for suspended drivers etc so anything that is unusual falls out of the system.

Whilst these circumstances are unusual there are insurers that are likely to be flexible but you will not get this online.

Online systems generally also tend to be used by people looking for the cheapest policy which will generally give them the basics without flexibility for add ons. If you have unusual risks, cheapest is not always best.

It is possible for a policy to exist for another person, although they are not the registered keeper of the car.