SORN’ing a car can be beneficial all year around.. That’s why laid-up insurance is a no-brainer for enthusiasts wanting to SORN their car. Whether you’re thinking of tinkering with your car or having it in long-term restoration, laid-up insurance can give you extra cover if the worst hap-pens. While many decide to take their car off the road when the salt gritters come out to play, most don’t know about the value of laid-up insurance and its benefits.
YOU MAY SAVE MONEY
Typically, motorists save money when swapping to laid-up insurance poli-cies. The main reason is that, from an insurance company’s point of view, the risk is decreased be-cause you’re not using the car on the road. Thus, they don’t need to charge you as much. More money in the car tinkering fund, then.
PEACE OF MIND
A laid up policy provides peace of mind
YOUR CAR’S SAFE WHILE IT’S TRAVELLING TO BE REPAIRED
You might want to trailer your car to and from exhibits or competitions, maybe you want to take your competition car to be race-prepared or to a body shop. Wherever you’re going to have work done to your car and whatever you’re having done, it’s covered outside when transporting it by road or sea.
YOU HAVE FIRST REFUSAL ON SALVAGE RETENTION AND STANDARD COVER FOR YOUR TOOLS
If the worst does happen, you have first refusal for salvage retention. There’s the car’s emotional value as well as its monetary value.
YOU CAN TAILOR YOUR POLICY WITH TO INCLUDE SPARE PARTS AND TOOLS
Some policies will cover your tools and spare parts.
YOU AGREE THE CAR’S VALUE
No more worry that you won’t get what the car’s worth back if the worst happens. So, if you have a total loss, your laid-up insurance policy will pay out what you have already agreed, regardless of the market value. This can come in really useful if you’re undergoing a lengthy restoration project, especially when it comes to adding expensive new parts to your vehicle.
YOU CAN HAVE A LAID-UP POLICY FOR AS LONG AS YOU NEED
It may give you the much-needed push to get your barn find back into concourse condition, but however long you need to keep your car off the road, cover is available. When you’re ready to switch, you can swap your policy to one that’s better suited to driving your car on the road or track.
CAN YOU AFFORD TO BE UNINSURED?
While it’s legal to not have insurance cover for your vehicle if it’s SORN’d, can you afford for a total loss on your car and spare parts should the worse happen?