Numerous auto insurance policies are still sold for 12 months. However, to accommodate the growing trend for flexibility required by drivers today, insurance cover can now be secured for as little as one day.
Short term insurance in some countries is classed as a motor insurance policy from one to 28 days in duration. However, now flexible cover can be secured for between one to eight months.
In addition to this, monthly “pay-as-you-go” insurance is available to drivers. This gives the benefit of being able to switch insurance on and off for periods when it will not be required.
There are many situations where insurance for one day may be needed. One of the most common is making sure you are protected when borrowing a friends auto. Although you may be able to drive another vehicle on your annual policy, securing an extra policy for this could protect any no claims bonus acquired. This could therefore be an attractive option for careful drivers who have not made a claim for years.
Another reason temporary insurance is taken out is to provide insurance for an additional driver so driving can be shared on a longer trip or vacation.
Insuring an overseas guest while they are over here is a common reason. As is requiring drive away cover after buying a second hand or new auto from a dealer. Taking a car test drive and requiring insurance for a day or weekend can be another reason.
Several of us who drive a van, won’t actually own it. This can be where 1 day car insurance is necessary, when you are borrowing a van for a range of scenarios.
For those riders that are planning a summer road trip, temp cover could be a solution if the bike you are riding is not one you use regularly. This may prove economical if they use a car most of the year and will only be riding while they are away.
no comment untill now