JAG Posted January 23, 2009 Share Posted January 23, 2009 I've just been scheeming away for the last few month thinking about getting a V But with the insurance being quite high n me only playing 500 on the N/A with 1 years no claimsI was thinking as the SR's insurance is all paid for if i didnt tell the insurace company id sold the car (when i get round to it) Then keeping on the insurance of that (despite it not being in my possesion) and taking out a new policy on a V is that legal?As my insurance on the SR isnt due for renewal until November and my insurancy company wont insure anything Jap and i dont want to throw away like 6 months no claims But theres no way im going to be able to hold off getting a V for that longSo my question to you UKSC is: Is it illegal for me to collect an extra 6 months or so no claims on a car i no longer own if i still hav an insurance policy on it?If not may hav to give my car to my younger sister to learn to drive in although id get no money for it then as she's got no job and no real source of money to buy a car with.... :s Quote Link to post Share on other sites
SpeedFreak Posted January 23, 2009 Share Posted January 23, 2009 Yes it is illegal.When you sell a car, and the next person takes out insurance. Their insurance company can tell that theres already insurance on that car. And your insurance company will then know that someone else is insuring that car, so therefor your insurance is void. This kinda situation happened to me with my first car. Half way through the year I swapped for something else, but my insurers wouldn't insure it so I lost 6 months no claims and had to start a whole new year. Unfortunatly, looks like the only way you can do it is to let your sister have it. But still, she would need to insure it to drive it. (Unless your 21 and have been driving for 3 years?) Quote Link to post Share on other sites
JAG Posted January 23, 2009 Author Share Posted January 23, 2009 Im 21 so could do it but then got my sister driving round on my insurance learning which sounds scaryThink i might just have to chuck in the 6 months tbhMight as wel just save like my life depended on it and try get one asap then just pay the insurance out monthly instread of in one go.Cheers for the info girley Quote Link to post Share on other sites
ep91face Posted January 23, 2009 Share Posted January 23, 2009 ya mate its one of the main principles of insurance, you must own the item your insuring like you couldnt insure your neighbours house for him or anything like that of course its not as clear cut as that all the time but thats the jist Quote Link to post Share on other sites
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