Insuring car while selling

vicadd

I'm buying a second-hand car tomorrow and planning on transferring my insurance over from current car - but I will still have current car until I sell it.
What do people normally do with regard to insurance on second car? I won't be driving it, but expect people buying will want to test drive etc., so it will be driven.
Insurance company say they can provide me with third party cover for 38 euro per week, for a max of 2 weeks. Should I do that or are there better ways of doing this? Thanks.

Toyotafanboi

I will be flamed for saying this i'm sure, but most people just take the gamble.

Most prospective buyers will probably have some sort of 'driving other cars' type cover on their policy anyway which would cover them on a test drive.

Atlantic Dawn

An option might be to leave your insurance as is on your current car, get a mate with driving other cars on their policy to drive the new car home, then continue on old car as daily driver until sold. Risk is something will happen new car while uninsured outside your house.

vicadd

Toyotafanboi -yes, I was thinking most would just rely on insurance of prospective buyer, thanks.
Atlantic Dawn - good idea, but not sure I'd risk the newer car!

Chiorino

The problem with that is that a lot of driving other cars extensions specify that the other car must also be currently insured - they are only third party extensions in many cases.

CiniO

vicadd wrote: »

I'm buying a second-hand car tomorrow and planning on transferring my insurance over from current car - but I will still have current car until I sell it.
What do people normally do with regard to insurance on second car? I won't be driving it, but expect people buying will want to test drive etc., so it will be driven.
Insurance company say they can provide me with third party cover for 38 euro per week, for a max of 2 weeks. Should I do that or are there better ways of doing this? Thanks.

Your insurance wouldn't cover a buyer to test drive the car anyway, unless you have open driving policy which is very rare here.

Just leave your car uninsured, and if buyer wants to drive it before buying, ask him to provide a proof of insurance allowing him to drive other cars.

Special Circumstances

Chiorino wrote: »

The problem with that is that a lot of driving other cars extensions specify that the other car must also be currently insured

I've never seen that stipulation (I've heard people say it, but have never seen it in any policy I've had) - could you link to an online policy document that specifies this?

Chiorino wrote: »

- they are only third party extensions in many cases.

Correct, that is an issue alright - you're left hoping that the prospective buyer believes in "fair play" and "you break it, you buy it".

slimjimmc

Chiorino wrote: »

The problem with that is that a lot of driving other cars extensions specify that the other car must also be currently insured - they are only third party extensions in many cases.

Can you link to even one policy that says that? Policies say that if you're covered on another policy then you can't claim on theirs, i.e. if your covered by the other car's insurance then your policy will tell you to claim of that policy but if you're not then you claim against your own.

Special Circumstances

haha - snap!

biko

You should know that if someone with "Driving other cars" on their policy crash into a parked car or whatnot the policy usually will only cover the parked car, not yours.

Chiorino

Special Circumstances wrote: »

I've never seen that stipulation (I've heard people say it, but have never seen it in any policy I've had) - could you link to an online policy document that specifies this?

Correct, that is an issue alright - you're left hoping that the prospective buyer believes in "fair play" and "you break it, you buy it".

Apologies, I am almost certain this WAS the case as I had an issue before many moons ago. If this is wrong, I stand corrected.

Special Circumstances

Chiorino wrote: »

Apologies, I am almost certain this WAS the case as I had an issue before many moons ago. If this is wrong, I stand corrected.

What insurer did you have the issue with? Not saying you're wrong - just wondering which insurers have this condition for my own interest!

9935452

vicadd wrote: »

I'm buying a second-hand car tomorrow and planning on transferring my insurance over from current car - but I will still have current car until I sell it.
What do people normally do with regard to insurance on second car? I won't be driving it, but expect people buying will want to test drive etc., so it will be driven.
Insurance company say they can provide me with third party cover for 38 euro per week, for a max of 2 weeks. Should I do that or are there better ways of doing this? Thanks.

Normally people test drive cars on their 'driving of other cars extension'.
As another poster says it wont cover your car if there is an accident as it is a third party extension only. The way it normally works is your fire and theft.comprehensive insurance would normally cover that.

Gauge a person when they want to test drive a car. if they seem ok go for it , if not say no. Make sure to see proof of insurance.
As regards the other person not having insurance if your car doesnt i wouldnt worry. even if its on the persons policy the insurance company will have to cover third party liability regardless but would go after the person test driving the car for the costs of the claim

Chiorino

Special Circumstances wrote: »

What insurer did you have the issue with? Not saying you're wrong - just wondering which insurers have this condition for my own interest!

IIRC (and we're going back 16-17 years) it would have been Quinn at the time.

Special Circumstances

Chiorino wrote: »

IIRC (and we're going back 16-17 years) it would have been Quinn at the time.

vicadd

Thanks to all for the input. I think I'll leave it uninsured and look for insurance details from buyers if they want to test drive.

slimjimmc

vicadd wrote: »

Thanks to all for the input. I think I'll leave it uninsured and look for insurance details from buyers if they want to test drive.

So long as you aware that the car is not covered against fire, theft or being crashed by the test driver.