Timeline for Can one cancel ones car insurance after a no fault crash?
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11 events
| when toggle format | what | by | license | comment | |
|---|---|---|---|---|---|
| Jun 27, 2022 at 22:04 | answer | added | DJClayworth | timeline score: 1 | |
| Jun 25, 2022 at 10:44 | comment | added | User65535 | @Andrew If you cancel within 14 days you get much more back than is you cancel after 15 days. | |
| Jun 25, 2022 at 10:17 | comment | added | Andrew is gone | Are you sure you do not have any pro-rata cancellation rights separate to the cooling off period? When I scrapped a car a few years ago and cancelled the insurance, my insurers happily repaid the remaining X months without a murmur... | |
| Jun 24, 2022 at 22:28 | comment | added | TTT | My gut feeling is not to cancel until after you receive your insurance disbursement check. Maybe you'll get your check before the 14 days is up. If not, I don't know about UK, but in the US when you cancel car insurance it's pro-rated based on the number of days you had the policy, and if that applies to you you'd still get the majority back even after the 14 days. | |
| Jun 24, 2022 at 11:08 | comment | added | User65535 | @AakashM The car is non-functional, I am convinced it will be written off. I am trying to save the years insurance premium, which is a significant fraction of the cars value. I no longer need insurance. My concern would be the ~1% chance that the other party changes their mind and claims it to be my fault after I have cancelled the insurance. | |
| Jun 24, 2022 at 10:05 | comment | added | AakashM | I'm unclear what you're trying to achieve here. You should be compensated by the other party's insurer (assuming they were actually insured, and assuming they accept fault). If your car is a write-off then by all means go ahead and cancel. But otherwise: if you still have a driveable car, you still need insurance, so...? | |
| Jun 23, 2022 at 4:08 | answer | added | Orange Coast- reinstate Monica | timeline score: 3 | |
| Jun 22, 2022 at 18:30 | comment | added | chepner | OK, yeah, I misread that as meaning a small administrative fee to cover administrative costs. It doesn't look like retroactive cancellation is a thing, just paying for the time before you did cancel. | |
| Jun 22, 2022 at 18:23 | comment | added | User65535 | @chepner From the CAB link: "However, your insurer may take off a small amount to cover days when the policy was in force" so I think the policy would be in force for the period the crash happened if cancelled after that date. | |
| Jun 22, 2022 at 18:17 | comment | added | chepner | If the cancellation date is after the accident, I don't see how it would matter. If you are looking to cancel retroactively (and get back most or all of any premium you paid), you are effectively making yourself uninsured at the time of the accident. I don't know what that might mean under UK law, even if you aren't at fault. | |
| Jun 22, 2022 at 18:05 | history | asked | User65535 | CC BY-SA 4.0 |