Chat & Social > The Bar - General Chat
Insured or not insured…that is the question!
Buddha:
If I drive a vehicle, not belonging to me, with it's owners permission and I am not otherwise unable to drive (eg, disqualified driver etc) then my own insurers will cover the risks required for me to be insured under the Road Traffic Act and to third parties should an accident occur. If I'm at fault, damage to the vehicle I'm driving is not covered.
This is an arrangement between my insurers and myself to protect me and third parties. It has nothing to do with the owner of the vehicle and is not dependant on that vehicle being insured* and gives no benefit to them. Moreover, it unreasonable of my insurer to require me to KNOW the vehicle to be insured - sight of a policy document is not enough to KNOW that cover is effective and that any terms impossed have not been breached.
However, as has been stated in the posts above, a vehicle that is uninsured in it's own right has no right being on the highway (from verge to verge) or other public place. I have no 'insurable interest' in the vehicle which doesn't belong to me, so, if it to be stolen in my posession - no cover. Catches fire whilst in my posession, no cover. Parked on the highway whilst on loan (not hire) to me - no cover (& as such offences are being committed.)
*EDIT - You cannot be insured and subsequently claim for the same risk twice without running the risk of being accused of fraud.
If your policy provides third party cover for other vehicles AND you are a named driver on a policy, in the event of an accident it would have to be the policy where you're a named driver that would be used to settle any claim.
smo:
As explained above, the vehicle you are driving whilst covered by your own policy under 3rd party risks does NOT have to be insured.
Boggert:
The vehicle has to have its own insurance policy... The reason I say that is because as soon as you get out of the car, Its an uninsured vehicle on a public highway. Every vehicle on the public highway must have its own insurance or be covered company policy.
If you park your car badly and cause an accident and you are deemed at fault, then there is no policy covering it. You cannot go, oh well my other policy will cover it. Insurance companies are on the ball and the claim won't go anywhere.
If you are issued an HORT1 (or Producer) by the local plod, you will have to produce a valid insurance document for that car, as well as you own document proving you can drive it 3rd party.
The other reason is the insurance companies are hot on this is they had a problem with the boy racers buying an old metro and insuring it, then going out and buying a Toyota Celica and driving it 3 rd party on the other car policy. Nice scam...
I think Insurance companies should make this clear as not everyone knows this. I wasn't sure until I spoke to a Traffic sergeant and he explained the rules to me.
If this was the case I guess we would only have 1 insurance policy, and save a fortune.
smo:
--- Quote from: "Boggert" ---The vehicle has to have its own insurance policy... The reason I say that is because as soon as you get out of the car, Its an uninsured vehicle on a public highway. Every vehicle on the public highway must have its own insurance or be covered company policy.
If you park your car badly and cause an accident and you are deemed at fault, then there is no policy covering it. You cannot go, oh well my other policy will cover it. Insurance companies are on the ball and the claim won't go anywhere.
If you are issued an HORT1 (or Producer) by the local plod, you will have to produce a valid insurance document for that car, as well as you own document proving you can drive it 3rd party.
The other reason is the insurance companies are hot on this is they had a problem with the boy racers buying an old metro and insuring it, then going out and buying a Toyota Celica and driving it 3 rd party on the other car policy. Nice scam...
I think Insurance companies should make this clear as not everyone knows this. I wasn't sure until I spoke to a Traffic sergeant and he explained the rules to me.
If this was the case I guess we would only have 1 insurance policy, and save a fortune.
--- End quote ---
True about it being uninsured when you get out, however to drive it on TPO it does not have to be insured under its own policy, guarenteed. Read your policy details if you dont believe me, or ring your insurance company cos i'm 100% sure i can drive any car on my insurance TPO regardless of it having its own insurance.
Thrasher:
AFAIK that loophole was closed in the UK thanks to certain people taking a massive advantage of it....
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