Morning All
I will shortly be selling 2 cars that are currently uninsured. The girlyfiend has insurance on our main car. I don't on anything in my name-which also includes the bike. Let it lapse a couple of months ago-long story.
Now I once I've sold the 2 cars I will be buying a small cheap diesel Hatch/Estate & obviously will need to insure this.
So how do I do all this as economically as possible? Is there a particular insurance company/policy which will do the trick? I'm thinking insure one car, sell it, rotate policy onto the other car, sell it, buy the cheapy, rotate policy onto that.
Sound good?
I'm sure this issue comes up time & time again, so apologies for it.
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www.bayingbasset.com
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Is there a pressing need to insure the cars before selling them?
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>>I'm thinking insure one car, sell it, rotate policy onto the other car, sell it, buy the cheapy, rotate policy onto that
If that fits your plans, then that would be simplest. You may wish to ask about additional premiums and in particular administrative charges from your broker. They can mount up.
Cheapest may be to use short term insurance as discussed in here recently. It really depends if you want them insured the whole time because you will use them or out of conveneince, or if you want insurance for specific days purely for selling.
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My insurer, CIS, charges about £10 admin fee for each change to the policy, which seems resaonable enough. That'd probably work out cheaper than short-term insurance, but it depends on how what admin fee you'd have to pay against the cost of the short-term insurance.
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I assume you want to insure the cars so during a sale you can take them out for a test drive. You are not going to assume they can drive your car on a DOC Third Party Cover. Few drivers these days have driver any car fully comp. Regards Peter
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thanks all. Very greatful.
Peter, could you spell that out again? It is for entirely sales purposes that I am going to insure...what should I be doing please?
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www.bayingbasset.com
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Are the cars currently taxed/? Clearly if they are not taxed you need cover to buy the RFL, and you need the RFL to drive them on the road, for you to demonstrate/buyers to test drive.
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I assume you want to insure the cars so during a sale you can take them out for a test drive. i.e. you driving. ( Yes or No) ?? do not assume assume they can drive your car on a DOC ( Drive other cars ) Third Party Cover that they say they have. Few drivers these days have drive any car' fully comp'. It can not be any clearer unless you are not teeling why you want to insure them. Regards Peter
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Thank you Peter. It was the DOC term that got me. Clear as crystal now.
Cheers all.
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www.bayingbasset.com
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