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Cancelling insurance after bike crash?

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binfieldx
Borekit Bruiser



Joined: 28 Mar 2013
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PostPosted: 12:52 - 06 Feb 2014    Post subject: Cancelling insurance after bike crash? Reply with quote
Hi all,

quick question. I had a bike crash recently which is currently being processed by both parties however, I now do not have a bike so really I'm paying £45/month for my insurance and it's been gone for two months. I'm not using a hire bike so my question is, am I inclined to keep paying for the insurance as the investigation is still underway, or can I cancel it and the claim will still go ahead?

Tom
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mic
Brolly Dolly



Joined: 09 Sep 2010
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PostPosted: 12:55 - 06 Feb 2014    Post subject: Reply with quote
as i understand it, you will have to pay the years worth regardless as youve made a claim.

not worth phoning to ask?
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binfieldx
Borekit Bruiser



Joined: 28 Mar 2013
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PostPosted: 12:57 - 06 Feb 2014    Post subject: Reply with quote
Wow that's lame! Makes sense i'd guess. Yeah I was going to phone but thought i'd try and get some general information before I phoned and checked without sounding like a numpty.

Last edited by binfieldx on 12:58 - 06 Feb 2014; edited 1 time in total
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Minty
World Chat Champion



Joined: 23 Dec 2005
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PostPosted: 12:57 - 06 Feb 2014    Post subject: Reply with quote
Full premium is only due on a fault claim.

OP, has your insurance company deemd your bike to be a total loss? Most companies will terminate a policy as of that date.

Give them a ring but do not expect much on terms of refunds.
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binfieldx
Borekit Bruiser



Joined: 28 Mar 2013
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PostPosted: 13:00 - 06 Feb 2014    Post subject: Reply with quote
Minty wrote:
Full premium is only due on a fault claim.

OP, has your insurance company deemd your bike to be a total loss? Most companies will terminate a policy as of that date.

Give them a ring but do not expect much on terms of refunds.


Erm, basically they are at a point now where they phoned me and said the other parties company has checked the vehicle and deemed it as category C so I can have part + bike back or no bike + full amount but they are currently totting up what its market value is.

I'm guessing that means the other company have accepted fault and paying for it? I won't count my chickens though.

The incident happen on December 18th and I had the normal £45 taken out at begining of January and I have the next one coming up on Monday..I suppose i'll find out then if I get charged again?
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TheSmiler
World Chat Champion



Joined: 14 Apr 2011
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PostPosted: 13:04 - 06 Feb 2014    Post subject: Reply with quote
Interesting question but could you change the policy over to a new bike, even though you have made the claim Question
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binfieldx
Borekit Bruiser



Joined: 28 Mar 2013
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PostPosted: 13:07 - 06 Feb 2014    Post subject: Reply with quote
TheSmiler wrote:
Interesting question but could you change the policy over to a new bike, even though you have made the claim Question


I did consider that then decided I'm not going to get a new bike until I'm 23 and can take my DA to get an unrestricted license.
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Polarbear
Super Spammer



Joined: 24 Feb 2007
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PostPosted: 13:19 - 06 Feb 2014    Post subject: Reply with quote
binfieldx wrote:
TheSmiler wrote:
Interesting question but could you change the policy over to a new bike, even though you have made the claim Question


I did consider that then decided I'm not going to get a new bike until I'm 23 and can take my DA to get an unrestricted license.


How long is that away? It could be worth buying a cheap moped and insuring it to get some no claims. They are going to rape you, fault or no fault claim.
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binfieldx
Borekit Bruiser



Joined: 28 Mar 2013
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PostPosted: 13:35 - 06 Feb 2014    Post subject: Reply with quote
That's a very fair point. I've got two years till i'm 23 so could be worth it..
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TheSmiler
World Chat Champion



Joined: 14 Apr 2011
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PostPosted: 13:41 - 06 Feb 2014    Post subject: Reply with quote
binfieldx wrote:
TheSmiler wrote:
Interesting question but could you change the policy over to a new bike, even though you have made the claim Question


I did consider that then decided I'm not going to get a new bike until I'm 23 and can take my DA to get an unrestricted license.


Be worth checking it out it might actually save you some cash you never know. Oh and why 23 I wonder you can't do DAS till you are 24; or is it just so you can get some recent experience under your belt again Question
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binfieldx
Borekit Bruiser



Joined: 28 Mar 2013
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PostPosted: 14:00 - 06 Feb 2014    Post subject: Reply with quote
TheSmiler wrote:
Interesting question but could you change the policy over to a new bike, even though you have made the claim Question




Is it 24? I haven't been keeping up to date with the new regs Neutral
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Pete.
Super Spammer



Joined: 22 Aug 2006
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PostPosted: 14:04 - 06 Feb 2014    Post subject: Reply with quote
binfieldx wrote:
Minty wrote:
Full premium is only due on a fault claim.

OP, has your insurance company deemd your bike to be a total loss? Most companies will terminate a policy as of that date.

Give them a ring but do not expect much on terms of refunds.


Erm, basically they are at a point now where they phoned me and said the other parties company has checked the vehicle and deemed it as category C so I can have part + bike back or no bike + full amount but they are currently totting up what its market value is.

I'm guessing that means the other company have accepted fault and paying for it? I won't count my chickens though.

The incident happen on December 18th and I had the normal £45 taken out at begining of January and I have the next one coming up on Monday..I suppose i'll find out then if I get charged again?


You're paying monthly so you must be subject to a credit agreement. Check the cancellation charges.
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TheSmiler
World Chat Champion



Joined: 14 Apr 2011
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PostPosted: 14:05 - 06 Feb 2014    Post subject: Reply with quote
binfieldx wrote:
TheSmiler wrote:
Interesting question but could you change the policy over to a new bike, even though you have made the claim Question




Is it 24? I haven't been keeping up to date with the new regs Neutral


Yes It is link to website. https://www.gov.uk/rules-motorcyclists-83-to-88/motorcycle-licence-requirements

Quote:
A2 motorcycle licence: At age 19 or over, you take a test on a motorcycle without sidecar of at least 395 cc with a power output of at least 25 kW but not exceeding 35 kW. If you pass, you may ride any motorcycle not exceeding 35 kW and with a power to weight ratio not exceeding 0.2 kW/kg.

Full A motorcycle licence: Test taken on a motorcycle without sidecar, of at least 595 cc and an engine power of at least 40 kW. This gives you full access to all motorcycles and motor tricycles. You obtain a category A licence by taking progressive access from age 21, or under the direct access scheme from age 24.

Category A under progressive access: You can take a category A practical test at age 21 if you already have an A2 licence that you’ve held for a minimum of two years. You don’t need to take another theory test or hold a CBT certificate.

Category A under direct access: This is for riders aged 24 or over. To obtain a category A licence you must

successfully complete a CBT course
pass the motorcycle theory test
pass the practical motorcycle test.

Passing the practical test on a motorcycle of at least 40 kW (53.6bhp) gives immediate access to all sizes of motorcycle.

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P.addy
Red Rocket



Joined: 14 Feb 2008
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PostPosted: 14:37 - 06 Feb 2014    Post subject: Reply with quote
But no, I'd get the bike back + dollar.

Sell the bike, get more dollar.
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binfieldx
Borekit Bruiser



Joined: 28 Mar 2013
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PostPosted: 15:09 - 06 Feb 2014    Post subject: Reply with quote
Paddy. wrote:
But no, I'd get the bike back + dollar.

Sell the bike, get more dollar.


The bikes engine is fuxxed I wouldn't get any money for it private
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krarkol
World Chat Champion



Joined: 17 Oct 2012
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PostPosted: 15:14 - 06 Feb 2014    Post subject: Reply with quote
I rang mine and asked about it, they said I can but because the claim is still ongoing it will be put down as a debt.

If I lose, they chase me for the money. If I win, the 3rd party pays.
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P.addy
Red Rocket



Joined: 14 Feb 2008
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PostPosted: 15:40 - 06 Feb 2014    Post subject: Reply with quote
binfieldx wrote:
Paddy. wrote:
But no, I'd get the bike back + dollar.

Sell the bike, get more dollar.


The bikes engine is fuxxed I wouldn't get any money for it private


How fucked...?
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bikertomm
World Chat Champion



Joined: 03 Jul 2010
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PostPosted: 15:46 - 06 Feb 2014    Post subject: Reply with quote
Paddy. wrote:


How fucked...?


Looks like Paddy's found his next bike Laughing Wink
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P.addy
Red Rocket



Joined: 14 Feb 2008
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PostPosted: 15:47 - 06 Feb 2014    Post subject: Reply with quote
I just like buying shit if I'm honest.. Laughing
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exuptoy
Borekit Bruiser



Joined: 05 Aug 2007
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PostPosted: 17:24 - 06 Feb 2014    Post subject: Reply with quote
I hd an off in September and the bike was a total loss and my fault.

They paid out for my bike and leathers as I was full comp and when I went to insure my new bike, I was informed I will lose this years no claims but still retain my previous ones AND the new bike is insured on the existing policy as it isn't due to run out until september (it was a 15 month policy with MCE)
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