Thursday, March 21, 2013, AM | 5 Comments
Ex company car driver insurance is a specialized form of insurance which is ideal for drivers who left their last driving job for a company.
Ex company car driver insurance is a popular form of insurance in the United Kingdom. This type of insurance is ideal for drivers who have quit their last job for a company or discontinued themselves from a company vehicle scheme.
Ex company car driver insurance policy holders may be eligible for a basic no claims bonus. However, this depends on the driving record of the person.
It is ascertained from your previous employer that you have been a cautious driver, then it will be easier for you to get discounts on your premium. There are other terms and conditions as well.
The good news is that ex company car driver insurance is available for people who did not even have insurance for the last 10 years. They can qualify for this policy if they can show a safe driving history. They may be eligible for outstanding premium rates as well.
Terms and conditions under which ex company car drivers can get no claim discounts
The insurance carrier will take into account the number of years for which the customer was ‘claim free’ at the time of being covered on a company vehicle with the usual terms and conditions, given the age of the person is between 25 and 75 years:
The company vehicle was exclusively utilized for purposes like household, community, and entertainment purposes (if it was infrequently used by colleagues, there is no issue about it).
The driver did not use the vehicle for the past one year.
The driver is the documented custodian and title-holder of the suggested car – the carrier normally acknowledges rent contracts or charters, provided that the contract is in the name of the person.
In addition, the carrier would ask for a signed statement, which is substantiated by the employer, mentioning:
The term for which the applicant used the company vehicle and the use has ceased.
That uses for household, community and entertainment purposes were allowed.
That no mishap or loss took place at the time of the claim approval period, which would have discriminatory No Claims Discount.
However, you have to keep in mind that company vans may not be taken into consideration by the carrier and assured no claims discount is not offered till the 1st renewal.
How to get an ex company car driver insurance quote?
Now, there are certain steps involved while sending an online application for an ex company car driver insurance quote.
First of all, you need to choose the type of insurance you need
Secondly, you have to fill out an online form where you have to input some basic and personal information about you, for example your name, email address, and contact number
After the second step is completed, you need to wait for the quotes to be sent to your email address.
Sam Payn is a competent blogger who has been vigorously blogging on different vehicle insurance topics.
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