Insurance question

[reddeviljp]

If you have a number of bikes it makes more sense to insure the rider than each bike individually. Is there a company that people would recommend that insures the rider rather than the bike or is that a non-starter?
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Bike: 1993 CB400 SuperFour - 1999 Yamaha FZS600 - DAS passed 7/11/13 - Working my way towards a Yamaha FZ1.

[LockyUK]

i should imagine that it would not be possible, unless trade

[daemonoid]

There are a few options to reduce your insurance costs if you have a decent collection...

Multi bike policies are for those on the lower end of the scale - just search multi bike insurance. Seems like ~6 is the max for this.

If you have quite a few it may be worth setting up a company that can own the bikes. You can then get trade insurance. You'd need an income (income, not profit) though, so you'd have to make sure you sold them or hired them out occasionally.

If you have a massive collection then you can lodge a bond:

[reddeviljp]

[Rogerborg]

You'll want them all listed on a policy, as otherwise the DVLA will come at you with flensing knives, looking for their hundred pounds of Continuous Insurance flesh.
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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

[reddeviljp]

Cheers, Rog. I've been quoted £223 tpft by Bennett's so I'll look around for a few more.
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Bike: 1993 CB400 SuperFour - 1999 Yamaha FZS600 - DAS passed 7/11/13 - Working my way towards a Yamaha FZ1.

[P.]

[Tarmacsurfer]

You used to be able to buy something called a "rider policy". Suffice to say that it was far too cost effective and therefore culled from the ledgers many, many years ago
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I'm immortal. Well, so far.

[Wonko The Sane]

[Kickstart]

Hi

If the bikes are older then a classic policy is a possibility. Aon / Footman James will cover multiple bikes on a classic policy as long as they are over 10 years old.

All the best

Keith
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Traxpics, track day and racing photographs - Bimota Forum - Bike performance / thrust graphs for choosing gearing

[Copycat73]

I have insured my bikes individually for 5 years now.
What I found was that multi bike policys are a good price for 2years then they start to rise in price, you never accrue NCB on the second bike and the number of underwriters who will provide such a policy is a lot less than a single bike policy.....
I found it cheaper to insure separately
that said it depends on your circumstances & bikes .. shop around
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Whatever I post I have no citation and no intention of providing one..
caveat emptor

[pdg]

Using a trade policy to insure multiple private machines is a very dodgy thing to do even if you set up a 'company' for it. In the event of a claim every insurance company wants to reduce the costs as much as possible and be quite sure on the fact that they will be asking for accounts and receipts, proof of trading, etc., etc. Most of them now will also be more difficult to get policies in the second year if you can't prove trading - they've finally cottoned onto the fact that people are using them as a 'multi' or 'modified' cheap option (prices have risen drastically in the past 3 years too).

Multibike policies are a good option for some, but as already stated it depends on your personal situation. For me insuring singly my insurance premiums are £74, £52 and £49 (last two are most recent quotes on 'very nearly finished' bikes ). Using a multibike policy this would be £390 for the first bike, then 'about' 80 quid for each one after that.........

Hit the comparison sites, have a phone around - there's no single easy answer.

[reddeviljp]

Thanks , people. I may ask about the individual policy if it turns out a lot less as I'm not planning on keeping three bikes and will look to offload the 125 to my lad. I'll keep phoning, as suggested.

Edit: Carol Nash just quoted £90 to add the Fazer it to my existing YBR 125 policy which expires at the end of May 2014.
Anybody see a problem with that?
DAS Mod 2 Test next Thursday.
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Bike: 1993 CB400 SuperFour - 1999 Yamaha FZS600 - DAS passed 7/11/13 - Working my way towards a Yamaha FZ1.

[P.]

Wait till DAS is done.

Otherwise that would piss £90 into the wind

[reddeviljp]

Indeed.I don't want to jinx it.
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Bike: 1993 CB400 SuperFour - 1999 Yamaha FZS600 - DAS passed 7/11/13 - Working my way towards a Yamaha FZ1.

[reddeviljp]