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Insurance cooling off period...

Discussion in 'General Chat' started by Ads, Mar 28, 2013.

  1. Ads
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    Ads License to drive

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    [Mar 28, 2013]
    I'm insured with Elephant and my policy is up for renewal in 2 weeks. I'm planning on selling my car, but it could take more than the 2 weeks I've got left on my current policy to find a buyer.

    Only just realised that there is a 2 week cooling off period to cancel new policies, meaning you only get charged a £22 admin fee if you do cancel within the 2 weeks of the policy start date.

    So by my calculations I've got 4 weeks (2 weeks left on my current policy + 2 weeks cooling off period on new policy) to sell my car and only pay £22 to be insured for that time.


    Question....

    Am I missing something?? Almost sounds too good to be true.

    I know that if there is a claim during the cooling off period then the entire year's premium is payable. But if there is no claim then its only going to cost me £22??
    #1
  2. Ads

    Ads

    [Oct 1, 2014]

  3. StateOfPlay
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    StateOfPlay Well-Known Member

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    [Mar 28, 2013]
    Or you find it cheaper elsewhere and go for a monthly policy.

    Your situation is nearly, weirdly, the same as mine. I am with Elephant, my policy renews on the 9 April, and I will be selling my car within the next month.

    Spooky!

    So I looked online, and can get it cheaper with LV.

    Still haven't decided yet.
    #2
  4. crazy88
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    crazy88 Loving the anonymity

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    [Mar 28, 2013]
    Are you both selling up and not replacing? That is weird!

    Good luck with the sale both of you. And I offer no advice :)
    #3
  5. StateOfPlay
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    StateOfPlay Well-Known Member

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    [Mar 28, 2013]
    Yeah, I am getting a company car as I am doing far too many miles and ruining my lovely car.
    #4
  6. crazy88
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    crazy88 Loving the anonymity

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    [Mar 28, 2013]
    What car have you got again? You're from the b6 forum aren't you? And what car you getting?
    #5
  7. Ads
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    Ads License to drive

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    [Mar 28, 2013]
    Mine expires on the 12th. Just checked out LV and they're almost £250 more expensive for me. Elephant/Admiral always seem to beat everyone else by at a hundred quid or so for me.


    I've now decided to buy another car ASAP, but selling mine privately instead of part ex'ing could end up giving me another £2k towards the next car.
    #6
  8. jojo
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    jojo S3 Drift King! Staff Member Moderator

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  9. crazy88
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    crazy88 Loving the anonymity

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    [Mar 28, 2013]
    Haha Jojo. The good lady wife was having a heart to heart (moan) at me when I read your post and I cracked up laughing. It didn't go down well with her.

    Ads, what you getting/ wanting?
    #8
  10. Ads
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    Ads License to drive

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    [Mar 28, 2013]
    I am, but where I'm walking might not be too far away.
    #9
  11. StateOfPlay
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    StateOfPlay Well-Known Member

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    [Mar 28, 2013]
    I have a 2008 A4 Cab 1.8T Sport. Auto. Great drive.

    I won't know what car I am getting as it is all a rush so I will get a pool car, which could be any old heap of ****.
    #10
  12. crazy88
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    crazy88 Loving the anonymity

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    [Mar 28, 2013]
    Stop speaking in code and tell us. You're getting a b6 avant aren't you? A nice dirty derv with good mpg and a nice cream leather interior.
    #11
  13. Ads
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    Ads License to drive

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    [Mar 28, 2013]
    :ninja:

    And stop asking questions and go check your PMs!!
    #12
  14. crazy88
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    crazy88 Loving the anonymity

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    [Mar 28, 2013]
    Of course I knew I should do that, doh!
    #13

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