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!st Class Insurance - Question?


Trollster

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I have first class insurance for my car and pay for 12 months. I usually spend 6 months in LOS and 6 months in Canada. In the past, when my car was stored I continued the insurance policy for the full 12 months. I have asked the broker if I can put my insurance coverage to "storage status" since the car will not be on the road. I have done this in North America many times but seems to be unavailable here. Can anyone who works in auto insurance confirm if I can amend my policy for fire and theft since it will be stored. Typically. a large percentage of the premium is returned to me.

Thanks in advance.

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No idea about the adjustment of your policy Trollster but just wondering where it's stored. If it's locked up in a private garage then it certainly makes sense to try and amend your cover whilst not here, but if in a condo car park etc maybe a bit risky. Would be quite easy for someone to accidentally damage your car and you'd be stuck without cover.

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Why not just insure it for 6 months each time you're here?

Because a car insurance contract is standard for 1 year in LOS.You can not suspend it or partly suspend it but you can cancel it at anytime and get a certain percentage of the premium back in cash.

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