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| TheSmiler |
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 TheSmiler World Chat Champion

Joined: 14 Apr 2011 Karma :    
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 Posted: 09:35 - 07 Jun 2012 Post subject: Leaving bike insured |
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After a definitive answer here on this topic purchased insurance in September so still have 3 months insurance to go on my bike. However decided its time to sell my bike and put the sale price towards dass to get my license sorted and then purchase a bike.
So what I'm asking is are there any potential problems that can come from doing this
I know people that have done it before. But would like some reassuring. ____________________ CB125>CG125>GN125>ER5>K100RS>R1100RS>K100RS
A2 completed 23/07/15 Ready for the Golden Crisp Packet |
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| shereen |
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 shereen World Chat Champion

Joined: 15 Mar 2011 Karma :  
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 Posted: 09:37 - 07 Jun 2012 Post subject: |
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I assume you mean leave the insurance running on your bike when its sold?
Go for it. I did it. Loads of people do it. Get involved  ____________________ "The Internet is the first thing that humanity has built that humanity doesn't understand, the largest experiment in anarchy that we have ever had" |
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| TheSmiler |
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 TheSmiler World Chat Champion

Joined: 14 Apr 2011 Karma :    
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| G |
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 G The Voice of Reason
Joined: 02 Feb 2002 Karma :     
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| Pol Anorl |
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 Pol Anorl Banned

Joined: 13 Apr 2010 Karma :     
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 Posted: 10:08 - 07 Jun 2012 Post subject: |
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Its illegal to have more than 1 insurance on a bike.
so new owner can't insure it.
just get a new bike then do a changeover. ____________________ GOOD GAME BODYGUARD: https://i.imgur.com/8WePGgf.jpg
20:30:37 Pyro.: I don't sort of like men, I take every advantage to choke on dick.
Jewlio Iglesias: You live in Liverpool - Chances are, the front door has already been kicked off the hinges |
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| MarJay |
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 MarJay But it's British!

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| DrDonnyBrago |
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 DrDonnyBrago World Chat Champion

Joined: 03 Jan 2010 Karma :   
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| G |
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 G The Voice of Reason
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| Pol Anorl |
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 Pol Anorl Banned

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| shereen |
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 shereen World Chat Champion

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| DrDonnyBrago |
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 DrDonnyBrago World Chat Champion

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| parkmoy |
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 parkmoy Scooby Slapper
Joined: 09 Jun 2011 Karma :     
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| shereen |
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 shereen World Chat Champion

Joined: 15 Mar 2011 Karma :  
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 Posted: 10:56 - 07 Jun 2012 Post subject: |
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Lol at Hahadumball spamming my post. U mad bro??  ____________________ "The Internet is the first thing that humanity has built that humanity doesn't understand, the largest experiment in anarchy that we have ever had" |
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| MarJay |
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 MarJay But it's British!

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| P. |
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 P. Red Rocket
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| jimac |
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 jimac Two Stroke Sniffer
Joined: 12 Apr 2012 Karma :   
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| Teflon-Mike |
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 Teflon-Mike tl;dr

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| MG |
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 MG Traffic Copper
Joined: 10 Oct 2011 Karma :     
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| map |
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 map Mr Calendar

Joined: 14 Jun 2004 Karma :     
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| MG |
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 MG Traffic Copper
Joined: 10 Oct 2011 Karma :     
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 Posted: 13:28 - 07 Jun 2012 Post subject: |
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Map - isn't that exactly why he wants to let it run out? You get your no claims bonus and you don't get lumbered with a charge for cancelling.
I have a question - if he takes out a new policy on his new bike now, and an extra year's no claims arrives in 3 months time, is there any way to utilise that on the new policy? ____________________
'03 Honda Cityfly 125 > '02 Honda CB500S > '98 Honda CBR600F |
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| Rogerborg |
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 Rogerborg nimbA

Joined: 26 Oct 2010 Karma :    
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 Posted: 13:53 - 07 Jun 2012 Post subject: |
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| hahadumball wrote: | Looks like my insurance company told me a load of bollocks then |
An insurer talking bollocks? I am all astonishment!
https://s1.hubimg.com/u/709812_f496.jpg
Don't worry, the DVLA, Plod and the CPS/Fiscal will all cheerfully lie to you as well about what the law is and isn't, either through genuine ignorance or just in order to get you to do what they want.
Pro tip: when anyone - up to and including a Law Lord - tells you that something is "illegal", the reply is "What statute are you citing?"
Then look it up.
Back OT here, the reason that you should at least consider cancelling the insurance is that if the bike is involved in a claim by a 3rd party (including, for example, a pillion on it), then your insurer may find themselves being required to share the payout to them. In that case, they could come after you, because you left them unreasonably exposed to liability.
It's very unlikely to happen, but be aware of the possibility and make your decision accordingly. ____________________ Biking is 1/20th as dangerous as horse riding.
GONE: HN125-8, LF-250B, GPz 305, GPZ 500S, Burgman 400 // RIDING: F650GS (800 twin), Royal Enfield Bullet Electra 500 AVL, Ninja 250R because racebike |
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| shereen |
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 shereen World Chat Champion

Joined: 15 Mar 2011 Karma :  
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 Posted: 15:26 - 07 Jun 2012 Post subject: |
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Old Thread Alert!
The last post was made 13 years, 239 days ago. Instead of replying here, would creating a new thread be more useful? |
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