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Suspending Insurance

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JackDG
Renault 5 Driver



Joined: 23 Apr 2013
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PostPosted: 15:47 - 23 Apr 2013    Post subject: Suspending Insurance Reply with quote

Hi Guys,

Recently got myself a GPZ 500, needs a little work before its on the road but nothing major.

Starting going around doing quotes and things, but many insurers I contact will not allow you to suspend insurance (for example over winter).

Does anyone know of insurance company that will? I know eBike Insurance will but im not happy with the quote I received from them

Thanks Thumbs Up
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2 litre
Nova Slayer



Joined: 31 Mar 2010
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PostPosted: 15:50 - 23 Apr 2013    Post subject: Reply with quote

I just leave the insurance running, handy if the bikes stolen during the winter.
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P.
Red Rocket



Joined: 14 Feb 2008
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PostPosted: 15:50 - 23 Apr 2013    Post subject: Reply with quote

It isn't common place, just leave it running. Confused
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MarJay
But it's British!



Joined: 15 Sep 2003
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PostPosted: 15:55 - 23 Apr 2013    Post subject: Reply with quote

Pain in the backside as you have to SORN too. I'd rather leave it running TBH.
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Mr Calendar



Joined: 14 Jun 2004
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PostPosted: 16:13 - 23 Apr 2013    Post subject: Reply with quote

The recent law changes mean it's a pain in the arse and not as flexible, convenient or helpful for your law abiding types with multiple vehicles.

Now you either must have insurance (even if bike off road/garage/in bits) or not. There is no 'suspension' allowed (nice lobbying scam by the insurance companies to line their pockets there).

If insured then it must have a valid tax disc bought for it.
If not insured then it must be on SORN.

If on SORN then it shouldn't actually be taxed either. So you have the hassle of sending the disc back for a pitiful refund (must cost more in admin costs that one). The you must go through the hassle of applying for tax disc again when taking off sorn. Plus getting it insured again before taking off sorn or applying for the disc.

IIRC a bike/car can be insured and on SORN though.

...real joined up thinking from those that make the laws there. PLus IMHO the amount of real criminals this catches is zero.
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P.
Red Rocket



Joined: 14 Feb 2008
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PostPosted: 16:25 - 23 Apr 2013    Post subject: Reply with quote

Had no issue with SORN bikes and having insurance.

Other way round though, they hound you Laughing
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JackDG
Renault 5 Driver



Joined: 23 Apr 2013
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PostPosted: 17:29 - 23 Apr 2013    Post subject: Reply with quote

Ah right,

well its likely that il only be able to be on the road for 2/3 months this year (might be getting an exchange year to somewhere hotter for a year Laughing )

Guess im just gonna bite the bullet and fork out the £600 for a years.

eBike have said that they allow you to "suspend insurance and benefit from fire and theft" so gonna give this a chase and see where it goes.

Cheers guys
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Rogerborg
nimbA



Joined: 26 Oct 2010
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PostPosted: 17:53 - 23 Apr 2013    Post subject: Reply with quote

JackDG wrote:
eBike have said that they allow you to "suspend insurance and benefit from fire and theft" so gonna give this a chase and see where it goes.

Which means no 3rd party cover, which means you have to SORN it or get nastygrams from the DVLA.

£600 is a lot for a GPZ500. If it's "needing work" then it's likely not worth enough to bother making a fire/theft claim on it anyway after you factor in excess and the wallet pounding you'll take in years to come.
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JackDG
Renault 5 Driver



Joined: 23 Apr 2013
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PostPosted: 18:03 - 23 Apr 2013    Post subject: Reply with quote

Rogerborg wrote:
JackDG wrote:
eBike have said that they allow you to "suspend insurance and benefit from fire and theft" so gonna give this a chase and see where it goes.

Which means no 3rd party cover, which means you have to SORN it or get nastygrams from the DVLA.

£600 is a lot for a GPZ500. If it's "needing work" then it's likely not worth enough to bother making a fire/theft claim on it anyway after you factor in excess and the wallet pounding you'll take in years to come.


Needing work I think at this point I just need to fix the leaking fuel tap after cleaning the carbs etc.

£600 is a lot, but im 19 yo male student so I guessing its typical.

Yeah its not worth claiming, but if it means I can be on the road and not loose out on a tonne of money then it would still be worth it to me
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Marmaduke
Scooby Slapper



Joined: 08 Jan 2013
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PostPosted: 18:07 - 23 Apr 2013    Post subject: Reply with quote

Don't want to turn this into a quote comparison thread but I only paid £180 TPFT on an ER-5 (same engine) at 19. Live in London?
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JackDG
Renault 5 Driver



Joined: 23 Apr 2013
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PostPosted: 18:20 - 23 Apr 2013    Post subject: Reply with quote

Marmaduke wrote:
Don't want to turn this into a quote comparison thread but I only paid £180 TPFT on an ER-5 (same engine) at 19. Live in London?


Wow.

Who was this with? I have only been doing online comparisons, done all the major ones (confused,money supermarket, ebike, devvit etc etc) and The cheapest I have seen is £570

Im up in Glasgow, G61 so I wouldn't have imagined that to THAT high price an area.

Side from comparisons and then phoning and trying to get them to match / beat other companies is there anything else I should be doing?
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Old Thread Alert!

The last post was made 12 years, 256 days ago. Instead of replying here, would creating a new thread be more useful?
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