Insurance Cover - Selling old car

leinster93

Just a query and would appreciate some advice.

I just got off the phone from my insurance company and was told that when buying a new car once the insurance has been transferred to the new car you cannot transfer it back to the old.

If I want to sell my car privately this means I cannot bring the car out on the road to meet a potential buyer?
The agent point blank refused to give any advice as he said the phone call was being recorded which is fair enough.

How do people address this?

biko

Usually either get the buyer/viewer to transfer their own insurance onto the car temporarily, or they simply chance it.

leinster93

biko wrote: »

Usually either get the buyer/viewer to transfer their own insurance onto the car temporarily, or they simply chance it.

I doubt many buyers would transfer their insurance....so probably most folk just chance it then. Bit nuts really.

Del2005

Most policies allow driving other cars on a 3rd party basis, some require the car to be insured some don't, so you can ask the buyer if they have this and agree on you break it you buy it. Letting someone drive your car uninsured is a big issue so it's not something to be done lightly.

9935452

leinster93 wrote: »

I doubt many buyers would transfer their insurance....so probably most folk just chance it then. Bit nuts really.

Driving of other cars extension would probably cover them

ironclaw

Most insurance companies will temporarily transfer your insurance as long as you are not doing it every day of the week. I think FBD has an unofficial limit of 3 transfers per year for very short periods of time. In addition, most policies are open drive for people over 25 hence the buyer would be covered as long as they held a license.

mgbgt1978

leinster93 wrote: »

Just a query and would appreciate some advice.

I just got off the phone from my insurance company and was told that when buying a new car once the insurance has been transferred to the new car you cannot transfer it back to the old.

If I want to sell my car privately this means I cannot bring the car out on the road to meet a potential buyer?
The agent point blank refused to give any advice as he said the phone call was being recorded which is fair enough.

How do people address this?

Let them come to you to view the car.
Unless you have an 'open driving' policy (which means anybody, usually above a certain age, can drive your car) then they would be test driving the car on their own 'driving other cars' extension anyway.
If they don't have this it's up to you whether you want to risk a short test drive to sell the car.
After you've both signed the VLC it's no longer your problem.

Del2005

ironclaw wrote: »

Most insurance companies will temporarily transfer your insurance as long as you are not doing it every day of the week. I think FBD has an unofficial limit of 3 transfers per year for very short periods of time. In addition, most policies are open drive for people over 25 hence the buyer would be covered as long as they held a license.

In my many years of driving I only had open drive on an FBD policy. Think it was an option on a few others I looked at but I wasn't paying a premium for someone else to ruin my NCD. 3rd party driving of other cars is the usual on most policies.

vandriver

ironclaw wrote: »

Most insurance companies will temporarily transfer your insurance as long as you are not doing it every day of the week. I think FBD has an unofficial limit of 3 transfers per year for very short periods of time. In addition, most policies are open drive for people over 25 hence the buyer would be covered as long as they held a license.

Driving other cars extension is common if the buyer has fully comp.Is that what you are referring to?

ironclaw

vandriver wrote: »

Driving other cars extension is common if the buyer has fully comp.Is that what you are referring to?

No, slightly different. In lieu of being able to drive any car (Including one you do not own) fully comprehensively, most insurance companies will allow you temporarily transfer your insurance to another car for a short period of time. But as you said, a buyer will have third party cover if they are fully comprehensive on most policies. This may no suffice however if the car is of significant value. Then again, a car you do not own is 'third party' to you hence I wonder if the car is indeed covered?

sunnysoutheast

ironclaw wrote: »

No, slightly different. In lieu of being able to drive any car (Including one you do not own) fully comprehensively, most insurance companies will allow you temporarily transfer your insurance to another car for a short period of time. But as you said, a buyer will have third party cover if they are fully comprehensive on most policies. This may no suffice however if the car is of significant value. Then again, a car you do not own is 'third party' to you hence I wonder if the car is indeed covered?

All of my recent comp. policies - in both the UK and Ireland - have extended the policy to driving other cars not owned or hired by me on a fully comprehensive basis. Not sure if that is a recent common change as a few years ago any such cover would have been third party only.

In terms of "open drive" - i.e. any driver - I haven't had such a policy for over 20 years as the cost would be prohibitive. All policies have been explicitly myself and named drivers only.