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Car finance ›
If I’m not using my vehicle do I need to insure it?
Updated: Monday, 18 September 2023
Yes. It’s part of the terms and conditions of your agreement that the vehicle is insured at all times. Even if you feel that the vehicle is kept in a safe location, if the vehicle was uninsured then any incident that happened may leave you liable to pay costs. These are costs that your insurance company will pay if the vehicle is insured.
When you sign an agreement with us, you agree that you will insure the vehicle in your name under a fully comprehensive policy. You also need to make sure the excess isn’t more than £500.00.
Yes. It’s part of the terms and conditions of your agreement that the vehicle is insured at all times. Even if you feel that the vehicle is kept in a safe location, if the vehicle was uninsured then any incident that happened may leave you liable to pay costs. These are costs that your insurance company will pay if the vehicle is insured.
When you sign an agreement with us, you agree that you will insure the vehicle in your name under a fully comprehensive policy. You also need to make sure the excess isn’t more than £500.00.
For a better road ahead
Moneybarn is a trading style of Moneybarn No. 1 Ltd, a company registered in England and Wales with company number 04496573. The registered address is Fairburn House, 5 Godwin Street, Bradford BD1 2AH. Moneybarn No.1 Limited is authorised and regulated by the Financial Conduct Authority (Financial Services Register No. 702780).
