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Insurance cooling off period...

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

  1. Ads

    Ads License to drive

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    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??
     
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  3. StateOfPlay

    StateOfPlay Well-Known Member

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    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.
     
  4. crazy88

    crazy88 Loving the anonymity

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    Are you both selling up and not replacing? That is weird!

    Good luck with the sale both of you. And I offer no advice :)
     
  5. StateOfPlay

    StateOfPlay Well-Known Member

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    Yeah, I am getting a company car as I am doing far too many miles and ruining my lovely car.
     
  6. crazy88

    crazy88 Loving the anonymity

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    What car have you got again? You're from the b6 forum aren't you? And what car you getting?
     
  7. Ads

    Ads License to drive

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    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.
     
  8. jojo

    jojo Looking for Boost!
    Staff Member Moderator quattro Audi S3

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    Are you 'Walking away' Ads?
     
  9. crazy88

    crazy88 Loving the anonymity

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    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?
     
  10. Ads

    Ads License to drive

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    I am, but where I'm walking might not be too far away.
     
  11. StateOfPlay

    StateOfPlay Well-Known Member

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    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 ****.
     
  12. crazy88

    crazy88 Loving the anonymity

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    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.
     
  13. Ads

    Ads License to drive

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    :ninja:

    And stop asking questions and go check your PMs!!
     
  14. crazy88

    crazy88 Loving the anonymity

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    Of course I knew I should do that, doh!
     

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