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much could I save?
insurance, for as little as one day, is far cheaper now than it
was a few years ago. Over half a
million UK motorists have already
bought policies and many of them do
so regularly so they must find it
If you bought
365 single days' car insurance it
would of course cost you a lot more
than a one year policy! However this
type of cover is not designed for
long-term usage but for the odd
occasions when a driver needs to insure a
vehicle for a short time.
car insurance policy the
premium would depend on several
factors including age, driving
experience, type of car to be
insured, postcode, etc etc.
It takes less than a minute to get a
quotation and you can do so without
committing yourself in any way.
companies operating within the
United Kingdom have to be vetted not
only by the
Financial Conduct Authority but
also by the Bank of England
Prudential Regulation Authority.
The purpose of this is to encourage
competition whilst keeping an eye on
the integrity and solvency of the
regulated companies. In the unlikely
event of an authorised insurer going
bust customers could apply to the
Financial Services Compensation
Scheme for compensation if they
were unable to get this elsewhere.
Can anyone get cover?
Again, like any other insurer the
short-term companies have their own
acceptance criteria. Generally, motorists need
to be between 18 or 19 and 75, and to have
held a full licence for at least 12
months to apply, and whether or not
they could be accepted would depend
upon the usual criteria such as
their driving records, their
occupation and the postcode area
that they live in.
Can any car be insured?
Each insurer has a fixed list of
vehicles which can be covered and
any that are not on this list cannot
be accepted. However the majority of
vehicles in the UK do qualify.
As a general rule most insurers
would expect the car to be an
unmodified right-hand drive vehicle
which was both registered and kept
in the United Kingdom, with a
maximum of eight seats including the
driver's. It should be worth a
minimum of about £1500 and whilst
there is usually no limit to the
maximum value of the car most
insurers will not pay out more than
£45,000 in full write-off value.
Modifications to adapt a vehicle for
a disabled driver or to run on LPG
will normally be acceptable.
Can borrowed or hired cars be
Most short-term insurance companies
will cover cars which are both owned
by the driver, or borrowed from
someone else provided that the
driver has specific permission from
the owner to
drive it. It is also possible to get
cover for hired vehicles, provided
that they are not owned by accident
management companies or credit hire
firms. When cover for a hired
vehicle is available there is
usually a higher excess be paid in
the event of a claim.
Is it difficult to apply?
Provided that you have your driving
licence details and registration
details of the vehicle that you want
to insure it is fast and easy to buy
cover. The application form is
usually a lot simpler than a
standard car insurance proposal and
it should take no more than a few
minutes to arrange a policy. This
can come into effect immediately or
at another time and date within a
month of the enquiry. Cover is for a
full 24 hours whatever time of day
or night you want it to start from.
Documentation including the
insurance certificate is available
online straight after purchase and
it could be wise to download this
and print it, or save a link on a
mobile phone in case it is necessary
to produce evidence of cover.
Is third-party cover available?
Generally, no. Cover is normally
comprehensive for driving within the
UK and third-party only, or the
equivalent, in other countries of
the EU (unlikely for a single day's
driving but it does happen!); this
can usually be upgraded to
comprehensive cover for the payment
of an extra premium. It is a
condition of cover that journeys
must both begin and end within the
United Kingdom so a policy of this
type cannot be used for exporting a
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