How long should one keep insurance documentation

xsaab · Mar 15th, 2018, 11:00

I am a hoarder - I have bank statements going back to the 90s and beyond.

However I am having to undergo behavior training to curb my habit of keeping long out of date documention.

So the question is :

How long should one keep motor insurance documention after the insurance period has ended?

Thanks for any comments

Petey80 · Mar 15th, 2018, 11:11

I'd say once one period has ended and you get new documents for the next, you can bin the old.

That's what I do.

christheancient · Mar 15th, 2018, 11:37

Quote:

Originally Posted by xsaab

I am a hoarder - I have bank statements going back to the 90s and beyond.

However I am having to undergo behavior training to curb my habit of keeping long out of date documention.

So the question is :

How long should one keep motor insurance documention after the insurance period has ended?

Thanks for any comments

I'm like you!

I have all sorts of paper documents going back many years and keep asking myself why.

I've never needed to refer back to any of it; but pure fear and cold sweats when I know that I'll throw something away and need it again the day after the bin men have been!

When I shed this mortal coil, one day, someone else can sort it all out. After all, I won't be around to worry about what ought to be kept and what can be thrown away!

The Thong · Mar 15th, 2018, 11:43

I keep two years as reference, after that it gets binned

TT

bobby2000 · Mar 15th, 2018, 11:49

Once I get my new insurance documents I bin the old, not much use once they've expired.
Any bank statements and other financial documents I usually keep for 10 years, recommended 6-7 years I think.

xsaab · Mar 15th, 2018, 12:11

Thanks everybody - I will go for two years before consigning the paperwork to the shreder that turns the paper into confetti.

john.wigley · Mar 15th, 2018, 12:49

Quote:

Originally Posted by bobby2000

Once I get my new insurance documents I bin the old, not much use once they've expired.
Any bank statements and other financial documents I usually keep for 10 years, recommended 6-7 years I think.

That is a very good policy, 'bobby2000'. The 7 year cutoff applies for HMRC and IHT purposes.

Regards. John.

colinbos · Mar 15th, 2018, 14:01

Statute of limitations - Tort (the period anyone can bring a claim against you) is 6yrs... I keep mine that long in case someone crawls out of a hole.

Thats the longest period of time.. there are shorter periods for injury claims of 3 years, and longer ones for specific areas of law.

But 6 is a good rule of thumb, if you where to be unlucky.

NigelDay · Mar 15th, 2018, 15:27

Interestingly I'm just trawling through old computer files to recover credit card numbers for a PPI claim. I've found numbers from closed accounts in the 1990's, but there are two closed accounts from the 1980's where I have no paper or electronic records. Ditto mortgages and car loans.

andrewpain · Mar 16th, 2018, 16:50

my first job was as a junior salesman at Currys (1968) and all the HP/Credit agreements included a payments protection policy covering sickness, unemployment and death. It was just included in the credit charges with no premium shown, nor any opt-out facility. Everybody paid it by default.
I left in 1979 and nothing had changed, but it must have done sometime, once they stopped funding their own in-house credit. probably when Dixons took them over....anybody know?

Mar 15th, 2018, 11:00	#1
xsaab Master Member Last Online: Oct 18th, 2022 15:30 Join Date: May 2014 Location: Waterlooville	How long should one keep insurance documentation I am a hoarder - I have bank statements going back to the 90s and beyond. However I am having to undergo behavior training to curb my habit of keeping long out of date documention. So the question is : How long should one keep motor insurance documention after the insurance period has ended? Thanks for any comments __________________ from October 2019 a 2020 XC60 R Design Pro B5 from May 2019 to October a 2019 XC60 D4 AWD Inscription with even more bits 2015 to 2019 a 2014 XC60 D5 RDesign, Polestar, lots of cameras and sensors

Mar 15th, 2018, 11:11	#2
Petey80 Premier Member Last Online: Yesterday 20:13 Join Date: Feb 2017 Location: North East, Teesside	I'd say once one period has ended and you get new documents for the next, you can bin the old. That's what I do. __________________ Thread V40 T2 R-Design - https://www.volvoforums.org.uk/showt...56#post2901756 Thread V50 D2 R-Design - https://www.volvoforums.org.uk/showthread.php?t=264890 - CRASHED

Mar 15th, 2018, 11:43	#4
The Thong VOC Member Last Online: Today 22:23 Join Date: Jun 2012 Location: The Independent Republic of Leamington Spa	I keep two years as reference, after that it gets binned TT __________________ Never underestimate the power of stupid. It’ can’t be reasoned or negotiated with and you’ll never never beat it…. Cut your losses, smile and walk away Currently Volvoless but Thong will be back

Mar 15th, 2018, 11:49	#5
bobby2000 VOC Member Last Online: Jan 12th, 2024 18:30 Join Date: Oct 2015 Location: Seaford View Photos By: bobby2000	Once I get my new insurance documents I bin the old, not much use once they've expired. Any bank statements and other financial documents I usually keep for 10 years, recommended 6-7 years I think. __________________ 2018 XC60 T5 Inscription, Polestar, Air Suspension, Pilot assist, Intellisafe Pro, Front Parking Assist, 360 Camera, Denim Blue, Dark Tinted and Laminated glass. Power child locks. Tempa spare. Smart fortwo brabus 451. Remapped to 130bhp.

Mar 15th, 2018, 12:11	#6
xsaab Master Member Last Online: Oct 18th, 2022 15:30 Join Date: May 2014 Location: Waterlooville	Thanks everybody - I will go for two years before consigning the paperwork to the shreder that turns the paper into confetti. __________________ from October 2019 a 2020 XC60 R Design Pro B5 from May 2019 to October a 2019 XC60 D4 AWD Inscription with even more bits 2015 to 2019 a 2014 XC60 D5 RDesign, Polestar, lots of cameras and sensors

Mar 15th, 2018, 14:01	#8
colinbos 2008 XC90 D5 SE Last Online: Mar 28th, 2022 20:27 Join Date: Nov 2015 Location: Formby	Statute of limitations - Tort (the period anyone can bring a claim against you) is 6yrs... I keep mine that long in case someone crawls out of a hole. Thats the longest period of time.. there are shorter periods for injury claims of 3 years, and longer ones for specific areas of law. But 6 is a good rule of thumb, if you where to be unlucky. Last edited by colinbos; Mar 15th, 2018 at 14:04.

Mar 15th, 2018, 15:27	#9
NigelDay Premier Member Last Online: Feb 29th, 2024 15:46 Join Date: Jul 2009 Location: Barnard Castle	Interestingly I'm just trawling through old computer files to recover credit card numbers for a PPI claim. I've found numbers from closed accounts in the 1990's, but there are two closed accounts from the 1980's where I have no paper or electronic records. Ditto mortgages and car loans. __________________ 2015: XC60 D4 FWD SE Lux Nav 190hp manual, Osmium Grey, 17" Segin, Tempa, Winter Illumination, Security, Family, DSP, 4C, HK Sound, Subwoofer, Front Parking, Rear Camera, Dark Tinted, Power Passenger Seat, Speed and Heated Steering.

Mar 16th, 2018, 16:50	#10
andrewpain Senior Member Last Online: Nov 27th, 2023 15:20 Join Date: Jan 2017 Location: Meppershall Bedfordshire	my first job was as a junior salesman at Currys (1968) and all the HP/Credit agreements included a payments protection policy covering sickness, unemployment and death. It was just included in the credit charges with no premium shown, nor any opt-out facility. Everybody paid it by default. I left in 1979 and nothing had changed, but it must have done sometime, once they stopped funding their own in-house credit. probably when Dixons took them over....anybody know? __________________ Andrew Pain - XC60 MY17 Saville Grey SE Lux Nav 190 auto; winter, H-K+subwoofer, sunroof, power passenger seat, heated wheel, paddles, F/R park assist, rear camera.

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