Safely Insured Posted December 29, 2006 Share Posted December 29, 2006 In answer: A) You need to disclose to your insurer who the registered owner/ keeper of the car is. Some insurance companies will not insure you if you are not the owner of the vehicle. Depends on their policy wording B) You must avoid dual indemnity- easiest way is to add yourself to the other persons policy. Quote Link to comment Share on other sites More sharing options...
bridlea Posted December 29, 2006 Share Posted December 29, 2006 If your thinking of getting another car soon, ask them if you can freeze your account until you get another car and then you will continue until the end of your 12 months. You may lose some money if you get a cheaper less powerful car, but at least you will get your 12 months no claims. Quote Link to comment Share on other sites More sharing options...
Sean1933 Posted December 29, 2006 Share Posted December 29, 2006 you should be entitled to a pro-rata refund, minus an admin charge normally of about £40. In the first year of a policy (with the same insurer) the refund will not be more than 80% of the total premium. You can also cancel within 14days and receive a full refund....obviously both circumstances take into account that you have NOT had a fault claim within the policy period. Quote Link to comment Share on other sites More sharing options...
RobSoarer2.5TT Posted December 29, 2006 Share Posted December 29, 2006 i know this although i'm paying more to do it monthly i'm not going to lose out on hundreds am i as i'm only paying a little more each month? although this is not the reason for me paying monthly, the reason i pay monthly is that i can't afford to pay out all in one lump sum. Your not paying monthly mate. You have a finance agreement!!!!!!! with their sister company Amber. I used to pay the insurance monthly with Sky cancelled and still had to pay nearly all but £68 pounds back. CRIMINAL Quote Link to comment Share on other sites More sharing options...
Todd Posted December 29, 2006 Share Posted December 29, 2006 Your not paying monthly mate. You have a finance agreement!!!!!!! with their sister company Amber. I used to pay the insurance monthly with Sky cancelled and still had to pay nearly all but £68 pounds back. CRIMINAL But you took out a years policy not a monthly one! It's all detailed in your policy document and in 18yrs of insuring cars they are no different to any other insurance company I have dealt with. Quote Link to comment Share on other sites More sharing options...
Clarkey Posted December 29, 2006 Author Share Posted December 29, 2006 Yup indeedy. need to check my policy T&C - to know exactly I stand. But it appears to be standard practice. I would need to buy a cheapy runner to get anything back from my policy. But I don't want to buy a cheap runner .. as got the arse of maintaining something that I wouldn't use. As all my spare cash at the moment - I'm piling into my next fun car. Quote Link to comment Share on other sites More sharing options...
RobSoarer2.5TT Posted December 30, 2006 Share Posted December 30, 2006 But you took out a years policy not a monthly one! It's all detailed in your policy document and in 18yrs of insuring cars they are no different to any other insurance company I have dealt with. I am fully aware of this. However I was expecting a lot more as I only had the policy for 6 months. Yer ok keep my deposit, but why should I continue to pay each month for a policy I have only had for half the duration and paid 2/3 of already cost with the deposit? I was to say the least peeved, I didn't have that trouble with Adrian Flux when I was a Honda driver. Cancel policy they keep the deposit, and that was all Quote Link to comment Share on other sites More sharing options...
Guest gzaerojon Posted December 30, 2006 Share Posted December 30, 2006 Nope, they will stiff you for all they can - the broker will keep 100% of their commission plus probably charge you a cancellation fee. Just canceled a policy with Sky too and awaiting the refund advice. If it sucks you can guarantee I wont go near Sky again, and seeing as I still have the Trial Supra, MR2 turbo and am looking at another jap import, they will lose business. i tried to cancel with sky, but they said by the time i pay cancellation charges and interest fees (it is actually covered by a finance house ) it would end up costing more than just letting the policy run it's course Quote Link to comment Share on other sites More sharing options...
Todd Posted December 30, 2006 Share Posted December 30, 2006 but why should I continue to pay each month for a policy I have only had for half the duration and paid 2/3 of already cost with the deposit? Because that's what you agreed to do when you took out the policy. I'll bet my bottom dollar next time you take out a policy you'll ask all the right questions before you say yes Quote Link to comment Share on other sites More sharing options...
RobSoarer2.5TT Posted December 30, 2006 Share Posted December 30, 2006 Because that's what you agreed to do when you took out the policy. I'll bet my bottom dollar next time you take out a policy you'll ask all the right questions before you say yes Thats a pretty safe bet. Quote Link to comment Share on other sites More sharing options...
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