Selling car and need theft only insurance

kdee_2

Hi, wasn't sure whether to put this in insurance or motoring !
I'm currently selling my mini as my new job provides car allowance so I've changed to a bigger car due to sheer volume of driving. As you can only have no claims bonus on one insurance policy - I had to cease my mini insurance and take out a new policy.
I'm not driving the mini but would like it insured for theft - especially as a neighbour of ours advertised an expensive motorbike on ebay - arranged for a viewer to come and see it, gave his address, the viewer didn't run up and that night it was stolen - it turned out that it was the viewer that had nicked it!
It's a small chance I know but I'd like to be covered "just in case"
Can I have just theft cover? Do all companies provide it? Any advice would be really helpful

thanks

Ebe_Scrooge

If you google for "Theft Only Insurance" you'll find plenty of references to what they call "Laid Up Cover". Interestingly, one of the first results links to this site :

https://forums.moneysavingexpert.com/discussion/3841145

So the answer to your question appears to be Yes, you can insure for theft only.

kdee_2

Excellent. Thank you

Inch_High_2

Don't you need cover to take out any perspective buyers?

InsideInsurance

Remember you must SORN the vehicle if it doesnt have TP cover on it and thus buyers wont be able to take it on a test drive without buying insurance for it.

You can get Fire and Theft Only cover (FTO) but it is most commonly sold under the name of laid up cover

kdee_2

InsideInsurance wrote: »

Remember you must SORN the vehicle if it doesnt have TP cover on it and thus buyers wont be able to take it on a test drive without buying insurance for it.

You can get Fire and Theft Only cover (FTO) but it is most commonly sold under the name of laid up cover

Yikes- this is more complicated than I thought. I don't even know what SORN a vehicle means - I think I'm probably best just getting 3rd party thire and theft and seeing if I can do it by the month - that way I cover all bases

Inch_High_2

kdee wrote: »

Yikes- this is more complicated than I thought. I don't even know what SORN a vehicle means - I think I'm probably best just getting 3rd party thire and theft and seeing if I can do it by the month - that way I cover all bases

That could cost more than fully comp.

InsideInsurance

kdee wrote: »

Yikes- this is more complicated than I thought. I don't even know what SORN a vehicle means - I think I'm probably best just getting 3rd party thire and theft and seeing if I can do it by the month - that way I cover all bases

SORN is a statutory off road notice - a legal declaration to the DVLA that the car is off the public highway and also results in the tax disc ending (with a refund being given)

The law changed recently saying that all cars must have TP cover with the only exception being those that have a SORN against them. Its a way of clamping down on uninsured vehicles as you no longer have to be caught actually driving it and it can all be done by computer remotely.

TPFT is often more expensive than comprehensive due to a number of reasons. Check out the cost of both before buying either.

Herzlos

Most insurers will let you overlap cars for a small fee, i.e. you take out a policy on the new car and insure the mini on top of that for something like £30/week. It's almost always cheaper than taking out a separate policy for a car you're about to sell.

If you're worried about theft, if you get a viewer that doesn't turn up, you can always park the car somewhere else for the night, if convenient enough for you.

arcon5

Inch_High wrote: »

That could cost more than fully comp.

How could you possibly know that?! Unless you know more about op than the rest of us..

Inch_High_2

arcon5 wrote: »

How could you possibly know that?! Unless you know more about op than the rest of us..

I said could, like you I know nothing about the op.

Unlike you I do know it's not 1976 and TPFT isn't a cheap option anymore.