View Full Version : just wondering
Graham
12th February 2008, 21:35
what happens if somebody sells their car halfway through the insurance policy, do you get a refund for the other half or what?
Dez
12th February 2008, 21:52
yes you do but you would have to pay a charge for cancelling it half way through - which therefore means you wouldn't get much back - usually you would sell 1 car to get another? then you would just continue on the same policy and give them new car details
Graham
13th February 2008, 01:31
oh right cheers. repped!
and does it go up or down depending on the new car?
Tim-ChrisKnott
13th February 2008, 10:00
what happens if somebody sells their car halfway through the insurance policy, do you get a refund for the other half or what?
Generally, if you cancel in the second year & beyond, you get a pro-rata (day by day) refund whereas if you cancel in the first year, you get charged short period rates (eg. 50% of the annual premium if you cancel after 3 months!).
Best to check your insurance policy but as Dez says the best way is just to put your new car on your existing policy to save all the hassle!
Kind regards
Tim
Chris Knott Insurance - official Saxperience insurance scheme
0800 917 2274
Dez
14th February 2008, 21:31
oh right cheers. repped!
and does it go up or down depending on the new car?
all depends on the car mate.. if you go from a 1.1 to a vtr/vts then it will go up, if you from an S or R to a 1.1 then will be cheaper:clapping:
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