Covid-19 Advice For Taxi Owners | One Answer Insurance
25th March 2020
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Due to COVID-19, you have may found yourself with limited or no use for your vehicle.
 
If you currently have Taxi Insurance with One Answer, some insurers have allowed alternative cover options such as the delivery of food, pharmaceutical goods and small parcels to avoid you unnecessarily having to cancel your insurance policy and as a way for you to continue operating. Please call our customer service team on 01323 481444 to find out more.
 
If you are considering cancelling your insurance policy, there are a few things to consider;
 
If you lease/finance a vehicle, the company you lease the vehicle from would require you to keep the vehicle adequately insured as part of your lease agreement. Therefore, you will need to seek authorisation to leave the vehicle without any in place.
 
If you are the registered owner of the vehicle, it is your responsibility to keep the vehicle insured. If you chose to cancel your insurance policy, you will need to consider whether you may need to use the vehicle and where the vehicle will be parked before you cancel.
 
It is a requirement of the Road Traffic Act that you must at least have third party insurance cover to drive a vehicle, or to have your vehicle parked on the public highway in the UK.
 
Therefore, if you intend to continue driving your vehicle, even if it is for a weekly trip to the shop or pharmacy for necessities, you will need to have insurance to avoid any motoring convictions and for any claims to be covered.
 
If you do not intend to drive the vehicle and the vehicle will be parked on your drive, in your garage or on other private property, you could consider cancelling your insurance, however, without insurance it will not be covered against fire, theft or other damage and any no claims bonus you are currently accumulating will be invalid. To later reinsure your vehicle, a new deposit would also be required.
 
If you are currently paying by direct debit and you have payment queries, please contact Close Brothers Finance on 0333 321 8566 who will be able to assist.
 
One Answer Insurance understand that these are challenging times and are working had with our insurers and finance provider to find solutions where possible.
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