Did you know that you must have an insurance policy to cover a vehicle even if it is off the road or undergoing repairs? Andy Fairchild, managing director of Footman James explained: “Under the continuous insurance ruling it is an offence to own a vehicle without having valid motor insurance – this includes while a vehicle is off the road undergoing restoration or repair works. Laid-up policies can be extremely good value, with premiums starting from as little as £40, and cover provided for any number of vehicles up to a total value of £50,000 per policy.”
Yet Mr Fairchild reminds owners: “In the excitement of making such savings don’t overlook the necessity to complete a SORN application which is also a legal requirement if you don’t intend to renew your road tax. Of course, classic owners can retain their existing on-road policy, particularly if they are only planning to take their pride and joy off the road for a couple of months over the winter. The important thing is to ensure you have the correct cover and renew prior to the renewal date.” concluded Mr Fairchild.
So, how to ensure that you don’t fall foul of the law? Make sure to SORN the vehicle and get a ‘laid up’ insurance policy. The benefit will far outweigh the cost should you get caught out by the law on this one.
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