*Two Policies -URGENT PLEASE*

cheekymole

Just read t&C's of policy

Other insurances
If at the time of any incident which results in a claim
under your policy there is any other insurance in force
covering the same liability, loss or damage, we will only
pay our share of the claim. The share to be paid by each
insurer will be determined either by the appropriate
Court or by agreement between the insurers involved.

So surely if I'm reading correctly there CAN be two policies?

raskazz

cheekymole wrote: »

Just read t&C's of policy

So surely if I'm reading correctly there CAN be two policies?

Again, the existence of two policies is not the problem.

The problem is that if the policyholder of the current policy is no longer the main user and keeper/owner of the car then cover cannot continue under that policy.

cheekymole

so if dad keeps car in his name and we take out another policy to drive someone else's car, would that work?

raskazz

cheekymole wrote: »

so if dad keeps car in his name and we take out another policy to drive someone else's car, would that work?

Sorry, you've lost me slightly here.

cheekymole

ok forget that

i can understand that one person cannot have two policies on the car but i still don't get the bit why two different people can't have different policies on the same car

raskazz

cheekymole wrote: »

ok forget that

i can understand that one person cannot have two policies on the car but i still don't get the bit why two different people can't have different policies on the same car

Forget about the 'two different policies' aspect of things for the moment.

When a car insurer sets up a policy, it does so on the basis that the policyholder of the policy will be the main user of the car and (usually) that the policyholder (or their spouse) is the keeper/owner of the car.

From what you have said, I understand that your OH will take possession of the car, and be the main user.

Therefore, the policyholder of the current policy is no longer the main user or keeper/owner of the car. Hence, the existing policy will have to be cancelled for underwriting reasons.

Labman_2

Can you/your OH not just pay your Dad's costs...I'm assumimg your getting a 'good deal' in getting the car from your Dad?

cheekymole

Labman wrote: »

Can you/your OH not just pay your Dad's costs...I'm assumimg your getting a 'good deal' in getting the car from your Dad?

NO! I'm of the same attitude that he's paid a full year's premium so why should he (or me) pay extra to cancel

and NO! it's not a good deal I don't believe in taking advantage of my parents

cheekymole

raskazz wrote: »

Forget about the 'two different policies' aspect of things for the moment.

When a car insurer sets up a policy, it does so on the basis that the policyholder of the policy will be the main user of the car and (usually) that the policyholder (or their spouse) is the keeper/owner of the car.

From what you have said, I understand that your OH will take possession of the car, and be the main user.

Therefore, the policyholder of the current policy is no longer the main user or keeper/owner of the car. Hence, the existing policy will have to be cancelled for underwriting reasons.

Thanks raskazz.
Surely this goes on all the time, I'm positive that not many people know about this legality and if I were buying from a stranger I'm sure they wouldn't pay to cancel their policy just so that I could take out insurance?

raskazz

cheekymole wrote: »

Thanks raskazz.
Surely this goes on all the time, I'm positive that not many people know about this legality and if I were buying from a stranger I'm sure they wouldn't pay to cancel their policy just so that I could take out insurance?

Well in most cases the seller would be buying a new car to replace the one they were selling, so they would then just call their insurer to change the vehicle on cover for the rest of the policy year, rather than cancelling.

So ifyour Dad is going to buy a new car - he should just change the cover on his policy to his new vehicle.