Insurance cooling off period...

[Ads]

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??

 

[StateOfPlay]

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.

 

[crazy88]

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

Good luck with the sale both of you. And I offer no advice

 

[StateOfPlay]

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

 

[crazy88]

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

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

 

[Ads]

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.

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.

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

Good luck with the sale both of you. And I offer no advice

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.

 

[jojo]

Are you 'Walking away' Ads?

 

[crazy88]

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?

 

[Ads]

Are you 'Walking away' Ads?

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

 

[StateOfPlay]

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

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 ****.

 

[crazy88]

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

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.

 

[Ads]

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.

And stop asking questions and go check your PMs!!

 

[crazy88]

Of course I knew I should do that, doh!