Insurance suspension - best course?

[LongLensPhotography]

1. Car. I am unlikely to need 2 cars any time soon. I've already SORN'ed one (£20pm off my neck and hopefully I can dig it out of the mud in the spring!!!) but what can be done about insurance which is around £50pm? Both are on the same policy with Aviva and online I can only see options to replace or add yet another one. What should I do to make sure I don't end up paying them even more for less cover?!

2. Business / gear insurance. Any point continuing to pay?!

As you can tell things look f*****g bad for me right now apart from depression.

 

[Diving Pete]

Sad to hear that.. On the gear insurance, what happens if your gear is stolen...

 

[munch]

Some companies do "SORN" insurance.

 

[LeeRatters]

Some companies do 'laid up' insurance. I had it for years whilst I was restoring the Escort but that might be different being not an everyday car.

Best bet is to call and explain what you want. You know the current cost so you just need to compare with that. If it's on SORN I think you don't need insurance at all....

 

[munch]

You don't need insurance if SORNed, but what happens if the car gets nicked or catches fire?

 

[LeeRatters]

You don't need insurance if SORNed, but what happens if the car gets nicked or catches fire?

Then obviously you aren't covered because you don't have any insurance.

 

[LongLensPhotography]

You don't need insurance if SORNed, but what happens if the car gets nicked or catches fire?

There is almost zero chance for getting nicked considering it is behind another car in the mud as well as having low value, and as for fire (arson) that would be s*** but it is not worth all that much in the current state. Maybe I can sort out some bodywork issues myself in the meantime just stopping short of spraying paint.

 

[Nod]

If it needs significant bodywork, scrap it.

 

[Nikon Ken]

Worked in insurance before retiring 20 years ago.

Most of the traditional insurers used to offer "laid up" insurance with the car being covered only for Fire and Theft. Aviva was, before name change, one of those insurers. I would ring them and see if still available.

 

[JonathanRyan]

Worked in insurance before retiring 20 years ago.

Most of the traditional insurers used to offer "laid up" insurance with the car being covered only for Fire and Theft. Aviva was, before name change, one of those insurers. I would ring them and see if still available.

Exactly that. From what you describe, their options are (1) to offer you. a cheap product for the negligible risk of fire or theft or (2) lose all the money you pay them. They aren't going to ring up and offer you a cheaper product but they almost certainly have one.