Crash decision

My son recently had an accident with his first car. The other driver admitted liability and his insurance agreed to settle the claim. Unfortunately the car was deemed 'uneconomical to repair' and an offer was made of £600 - which was accepted (The Corsa cost him more, was in lovely condition with low mileage, but old). My son's own insurance was being paid by monthly instalments. He has decided not to replace his car for the time being as he can't really afford to run it. Fortis insurance has told him that he must continue to pay the monthly amount, which is hard but I sort of understand as he had a year's contract, but they have refused to suspend the cover for more than 30 days. So, assuming he doesn't buy another car, he is faced with paying continuing insurance for a car which they know has been scrapped - and is therefore no risk. Is this fair?

Asked on 19 September 2009 by

Answered by Honest John
Yes, the contract will be for him to complete his first years insurance
premiums. Had he paid for a year upfront, he would still have lost the whole year's premium.
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