Film, Media & TV0 min ago
sorn and insurance
4 Answers
in the winter i will sorn my car off the road, it will be parked on the drive, it has an immobilser, do you think i should still keep it insured?
Answers
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For more on marking an answer as the "Best Answer", please visit our FAQ.If you've only got third party insurance, there's no point.
If you've got third party, fire & theft cover you'll have to consider what the chances are of it being stolen or torched, how much you'd lose if it happened and how much you'd get paid out after the excess on the policy. For a car like mine, bought two years ago for �350, parked in a low-crime area, it would probably be pointless to insure it. If it was a Ferrari parked in Peckham it would be essential to insure it!
Similar considerations apply to comprehensive insurance.
Chris
If you've got third party, fire & theft cover you'll have to consider what the chances are of it being stolen or torched, how much you'd lose if it happened and how much you'd get paid out after the excess on the policy. For a car like mine, bought two years ago for �350, parked in a low-crime area, it would probably be pointless to insure it. If it was a Ferrari parked in Peckham it would be essential to insure it!
Similar considerations apply to comprehensive insurance.
Chris
most of the time you can suspend your policy in full or for fire and theft only - this excludes road cover and allows your vehicle to be declared sorn and still keeps your policy in force and your no claim bonus running, also if you renew with the existing Insurer they should give you a rebate providing its been off cover for a minimum of 4 weeks or more, this is not a guarantee but most of the good insurance companies do this - not so sure about the direct companies.