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Rights when notifying of VT and insurance question!

Hi guys

I have just notified finance company I wish to VT car. They say due to covid, there is a backlog and may not be picked up for up to 5 weeks. Also to keep insurance until such time

What are my rights?

I have a new car so wish to end old insurance asap. Old car will be kept in private drive.

Do I need to keep insured?!

Thanks

Comments

  • rs65
    rs65 Posts: 5,682 Forumite
    Ninth Anniversary 1,000 Posts Name Dropper Combo Breaker

    Do I need to keep insured?!

    Probably.  My contract says I need to insure it until it is returned to them.
  • AdrianC
    AdrianC Posts: 42,189 Forumite
    Eighth Anniversary 10,000 Posts Name Dropper
    Well, it's entirely your responsibility until it's collected - so you COULD choose to remove the insurance, I s'pose, if you're happy to take the risk...
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