insuring finances are not hidden business

#INSURING FINANCES ARE NOT HIDDEN BUSINESS HOW TO#
#INSURING FINANCES ARE NOT HIDDEN BUSINESS DRIVERS#

You can do this online at - you just need either the 16 digit number on your last vehicle tax reminder letter (V11) or the 11 digit number on your vehicle log book (V5C). If you're not intending to use the vehicle for the next six months and are confident it is safe and secure, the most cost-effective move would be to declare the motorhome as SORN. The V890 SORN document you can send to the DVLA So what do you need to do next? If you fail to pay penalty, you risk having the motorhome clamped at your property, impounded or even destroyed - all measures that will take a significant toll on your finances.Īnd there's worse to follow if you refuse to take action - you could also face a court prosecution, with a possible maximum fine of £1,000. The second phase brings us up-to-date with where you are currently - a £100 fine for not taking the necessary action listed above. Once this occurs, the first phase of the notification process is a standardised letter that you should have received, warning you that you'll be fined unless you take out a minimum third party insurance policy on the motorhome, or officially declare it off the road.

#INSURING FINANCES ARE NOT HIDDEN BUSINESS DRIVERS#

The Motor Insurance Database identifies any vehicle that is road registered but without insurance, so the police don't even have to catch uninsured drivers at the wheel When the cover on your motorhome expired and you didn't register it as SORN, a red light would have flashed up on the MID. It was set up five years ago to identify uninsured drivers and fraudsters, to reduce crime, and attempt to cut premium costs. This database holds the nation's vehicle's insurance details all in one system, using information fed from the Motor Insurance Bureau and the DVLA.

It's called the Motor Insurance Database and it flags up an alert when insurance lapses on a vehicle. Even vehicles stored in garages away from prying eyes are not able to escape the Big Brother-style enforcement system that identifies uninsured motors vehicles. Can you find cheaper car insurance? Compare with our MoneySupermarket-powered searchĪnd you don't have to be caught behind the wheel, or with the vehicle parked on the road to be penalised.

Car insurance premiums have soared by £109 in just 12 months and now cost motorists £737 on average.Don't drive too close to horses, eat, or splash a pedestrian: Ten bits of bad driving you might not realise you can get penalty points for.New car registrations hit a record high in September but fewer private buyers bought 66-plate models despite tempting deals.

#INSURING FINANCES ARE NOT HIDDEN BUSINESS HOW TO#

How to get the cheapest car insurance: Ten tips for cheaper car cover.

Insuring finances are not hidden business