New car insurance policy

Dan-Dan

Hi

I have an Insurance policy that expires on 10/10, but the car it relates to is in the scrapyard after a third party hit it and has been declared a write off, I am getting a replacement car on 01/10, I have 1 years NCB, how do I best take out a new policy for my replacement car bearing in mind by then I will be 9 days from needing a new policy ? (I already turned down renewal price from the broker which was based on my old car)

 

Cheers

cymruchris

Dan-Dan said:

Hi

I have an Insurance policy that expires on 10/10, but the car it relates to is in the scrapyard after a third party hit it and has been declared a write off, I am getting a replacement car on 01/10, I have 1 years NCB, how do I best take out a new policy for my replacement car bearing in mind by then I will be 9 days from needing a new policy ? (I already turned down renewal price from the broker which was based on my old car)

 

Cheers

You don't have 1 year's NCB until the 1 year anniversary actually arrives. So you can't take a new policy on the 1/10 saying you have 1 year's NCB as that wouldn't be true.

Have you spoken to your existing provider to see what the options/costs are for cover for the last 8 days of the policy?

Dan-Dan

Yes of course that’s true ref ncb
i haven’t as they doubled my premium for the renewal in the first place and I am number 121 on their live chat at present as they don’t take calls apparently 

first call brokers 

DullGreyGuy

You'd normally ask them about transferring the remainder of the policy onto the new vehicle. 

Have your insurers completed the claim? Or are you claiming directly from the third party insurers?

You cannot use the NCD off of the old policy on the new one until the old policy has ended so either you need to transfer the policy or cancel the policy early but with a claim on file no refund will be due

cymruchris

Then either wait and speak to them no matter how long it takes - or take out a new policy with another company stating zero years ncb - by doing so you'll then not be able to use the 1 year NCB you earn in a few days time until next year, by which time you'll have also earned 1 years NCB on the new policy - so in effect you'll have forfeited the original 1 year's NCB as you'll never use it.

There are daily/short term car insurance policies available - but they're expensive - it might be worth a look to get yourself adequate cover until the 1 year NCB can be applied.

400ixl

As above, if you want to use the no claims then you get the new car put on the currently running policy and then renew the policy with whoever you like on the 10/10 with the 1 years NCD. If the claim is still open with the 3rd party I would check with the current policy provider that the NCD will be applied (was it documented on the renewal to declined?).

Alternatively get a short term insurance for the 9 days for the new car, or delay collecting the new car for 9 days.