Insurance NCB

[G30]

Is there any point in leaving my current one open for a year (another 6 months) to get the NCB? I'll already have another policy. It's not like I could stop half way through and say I have 1 year NCB. Either way it seems like these 6 months (even a year if I leave it open) are going to be wasted so I might as well get a bit of money back. Unless I'm missing something? Someone told me to leave it open for the NCB but I can't see how I'll get to use it. If I do 6 months on a new one just to get 1 year NCB on my current one (then get a third one), the second 6 months will be wasted so it seems pointless. Unless I leave it open cos it's cheaper than a new policy. Am I missing something?
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KTM RC390 -- Kawa ER6f -- Yam YZF R125 -- Yam YBR 125

[lihp]

wtf?
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covent.gardens: lihp is my most favourite member ever

[dydey90]

What are you trying to achieve? Are you not riding at all for the next 6 months or are you getting a new bike?

If it's a new bike then just swap your policy onto the new one?
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This post is probably not serious and shouldn't be taken literally.
Past: CBR125,ER6f NINJA 650, ZZR600 Current: VFR750

[Rogerborg]

The underwriter might not swap from a 125 to a bigger bike.

Answer: it depends.

#1 It depends on how much (if anything) you'll get back from your current insurer. You may find that you'll actually end up owing them money in admin fees.

#2 It depends on whether you think you'll end up running two bikes. Two streams of NCB can come in handy, I'm building that up.

#3 It depends what's happening to your old bike. You should cancel the policy, as you don't want it running while a new owner stacks it into some lawyered-up kittens.
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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

[G30]

I'm getting a new bike and getting rid of the old/current one. I was told to keep the insurance open to receive NCB at the end of the year. However, I don't see how it would really help me as I'll already have another policy. The only way it would help me is if I get 6 months insurance (to allow the current insurance to reach a year) but then that's wasting the new insurances' 6 months. It's just the older insurance would be cheaper to get NCB on than the new one.

Edit: my current insurance is too expensive to swap over compared to a brand new quote w/no NCB. I'd get around £100 back if I cancel before the 25th. To be fair, if I could find a way to get the NCB for only £100 it definitely seems worth it to me. It just doesn't seem like it would ever be useful unless I do a 6 months policy with a new one.
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KTM RC390 -- Kawa ER6f -- Yam YZF R125 -- Yam YBR 125

[lihp]

Ask current insurers if they will transfer the policy onto the new bike and pay the difference. You will never know without asking them.

Leaving it running is a waste of time as the 1 year NCB will be pointless unless you plan to have 2 bikes
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covent.gardens: lihp is my most favourite member ever

[G30]

They will, for a silly price.
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KTM RC390 -- Kawa ER6f -- Yam YZF R125 -- Yam YBR 125

[lihp]

Cancel the policy then when you get the new one. Are you paying monthly or did you pay in full?
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covent.gardens: lihp is my most favourite member ever

[G30]

In full. I'll get 25% back if I cancel before the 25th. Which will be around £113.
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KTM RC390 -- Kawa ER6f -- Yam YZF R125 -- Yam YBR 125

[lihp]

I'd cancel
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covent.gardens: lihp is my most favourite member ever

[G30]

Apparently they have to have the docs back by the date, not just a phone call...
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KTM RC390 -- Kawa ER6f -- Yam YZF R125 -- Yam YBR 125

[Rogerborg]

[G30]

If someone has insurance to ride other bikes (to ride mine) but I don't have insurance on mine, does it still count?
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KTM RC390 -- Kawa ER6f -- Yam YZF R125 -- Yam YBR 125

[Benson_JV]

No, that someone's insurance will stipulate that the bike they're riding has to be covered by it's own 3rd party insurance minimum.
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Willson - "If you go out on that CBR600 in the winter, you're going to do more miles on your side than on your wheels."
Riding: CBR600FW Driving: Audi A6
Previous Bikes: '96 Bandit 600, '96 GPz305

[G30]

Yeah, I thought so.

Ta.
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KTM RC390 -- Kawa ER6f -- Yam YZF R125 -- Yam YBR 125

[Rogerborg]

[andy_uk]

[Clutchy]

[Rogerborg]

I'd ignore any clause about roadworthiness because of RTA 1988 148 (2) (b).

SORN is neither here nor there, it's purely administrative.

It does not say that the other vehicle needs to be insured, and a pox on anyone who repeats the lie that it must say so.
____________________
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

[G30]

Cancelled.

Apparently I do not need to do anything now.


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KTM RC390 -- Kawa ER6f -- Yam YZF R125 -- Yam YBR 125

[pdg]

[stuarthouston]

[pdg]

Under the motor insurance directive they have to provide the minimum legal level of cover for the duration of the policy in any country that subscribes to the directive. The '90 day extension' is for anything above that level that your insurance covers in your home country.

If you have comprehensive insurance here and travel to a country that requires a minimum of TPO (or equivalent) then that's what you have after the 90 day period. If however you have TPO insurance here, and travel to a country that requires comprehensive cover, that's what you have for the full year (or whatever the duration of the policy is).

Of course, the insurance company won't actually highlight this, and will only sometimes admit it if pushed...
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Any and all advice given should not be followed - if you have to ask it means you don't know so get a man in to do it for you.

[stuarthouston]

[Clanger]