General Insurance FAQ

[Danny]

I'm writing a general insurance FAQ thing, anything you people want to know in particular?

[XS1954]

Danny I want to know how they are allowed to charge as much as they do and get away with it. Robbing b'stards!

Other than that I think I am ok with the whole insurance thing thanks.
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You're a cock.

[Sparks!]

A list of insurance companies that actually allow multi bike policies would be handy.

Stupid CIA are crap
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Current Toys: 06 Yamaha WR250F | Nissan 350Z GT | Tech 4 Homes

[Danny]

[Sparks!]

[Danny]

yep.

[Sparks!]

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Current Toys: 06 Yamaha WR250F | Nissan 350Z GT | Tech 4 Homes

[iCraig]

H&R do it.

I'm with CIA too, not going to be this year though, they want £746 for my GS TPFT.

H&R Want £319 TPFT!

[stevo as b4]

Id like to know what most people do to get around the race can issue! I mean if you fit a non road legal silencer, its a problem, as if you want to declare it to the insurance company, as most of them seem to refuse cover on a bike with a non road legal part fitted. The bike is technically unroadworthy, so what do you do? Does anyone find that their insurance company is willing to cover them if you fit a race can/system, and if not is the best option just not to tell them in the first place?

[Danny]

Good question Stevo, I'm looking into it.

[Lee_367]

Who are the most popular insurance company? Is there a reason for this?
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?It?s mercy, compassion, and forgiveness I lack?not rationality.?

[Danny]

[Lee_367]

next question, how much does each added year to your ncb decrease the amount you pay for insurrance?
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?It?s mercy, compassion, and forgiveness I lack?not rationality.?

[jay12329]

Why dont you get discounts for having a 33bhp restricted bike?
J

[mrchips]

A list of competitive mainland companies that cover Northern Ireland would be useful as they ask you what you had for breakfast then 10 minutes later when you give them your post code they can't quote you!

[Danny]

Courtesy of T.C.

The fitting of a race can is very much down to the individual insurance company to decide as to whether they will continue to cover or whether it is null and void.

There are a number of issues here.

Firstly, if a race can is fitted and the insurers are not advised, they can use the loophole of a breach of contract to avoid continuing with cover.

Secondly, the fact that it has in loose terms been modified means that the bike may not conform to type approval regulations and that is also another get out clause for them.

And thirdly, if it is illegal, by the strict letter of the law it ceases to be road legal both in terms of the construction and use regs and MOT regs so that would be a get out for them as well.

So the only advice I can offer is that riders who are looking to fit a race can should confirm with their insurers that cover will continue and then get it conformed in writing as it is not unusual for someone to pass the buck at a later date and say that the cover is not in force if there is a piece of paper confirming it.

This of course would not preclude someone making a claim under a no win no fee arrangement (CFA) providing the chances of being successful are better than 50/50 as the insurance cover taken out on the individual will pay all legal fees and compensation in the event that the case is lost and has no bearing on their road risk cover.

[Last-of-the-nsr's]

In Ireland I'll have to pay €1800 comprehensive on a '04 NSR125, at 19 with 3 years ncb and a full license... Are there any english companies that are willing 2 insure overseas? I tried 2 get a quote for an R6 before and I was told €12500 TPO and have a nice day... On any 400 apart from a BROS400 I can't get quoted any less than €6000 TPO.... I really wanna upgrade in d near future

[Danny]

I haven’t found any English companies that will insure bikes in Ireland yet.

[Jammy-G]

I got a question actually.

I'm insured on a bike at the moment (had it about 4 months), and soon i will be selling it and I want to be insured on this new bike instead. Can I get my insurance switched over to the new bike and only have to pay the extra that the new bike would cost?

That probably sounds a bit confusing, but if i'm paying £200 TPO for my RXS100 now, and then want to change over to insure a NSR instead (lets say £500 TPO), can I cancel my insurance on the RXS and move the policy over to the NSR and pay the extra amount (in this case £300).

Cheers,

James.
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RooRoo: just like the time i stuck my finger up my arse with no lube at all and she didnt talk to me for hours

[Ste]

Yup you can get them to change the bike you are covered on, and depending on what you're covered on currently and what you want to change to they will charge you or give you a refund. They probably also take into account how much of your policy is left as well.

Just ring them up and ask for a quote to change your policy over to an NSR and they'll tell you how much they want for it.

[Jammy-G]

Fantastic ! NSR is becoming a little more affordable now !

Looks like I'll have the bike and be insured for £500

Thanks for your help Ste.
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RooRoo: just like the time i stuck my finger up my arse with no lube at all and she didnt talk to me for hours

[rsooty]

Just a quick question. When insured on L plates do you still get no claims bonus? I'm guessing you do but i'm not sure.

Sooty

[Rhino]

Danny, I think a guide on what increases/ decreases quotes would be handy. For example, don't some companies give a discount for high mileage (because you get more experience riding), while others charge more (because you're on the road for longer and therefore more likely to be in an accident)?

[Danny]

Yes you still get NCB when on L plates.

Almost everything you tell an insurance company affects your premium.

I'll try and make a comprehensive list of how various things affect your premium, won't be for a while yet though.