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Insurance Question

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Gashead Harry
Nitrous Nuisance



Joined: 22 Mar 2008
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PostPosted: 20:07 - 27 Feb 2009    Post subject: Insurance Question Reply with quote

Due to financial difficulties I may have to sell my bike. As I have only a couple of months left on the insurance I am considering keeping it going for the no claims. Am I allowed to do this with a bike ive sold and what are the implications it can bring?
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98' Honda CG125W --- 03' Yamaha DT50SM (Gone!) --- 05' (55) Suzuki GS500 K5
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Chriss
World Chat Champion



Joined: 07 May 2005
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PostPosted: 20:49 - 27 Feb 2009    Post subject: Reply with quote

I'd do it, biggest problem is you have no insurable interest in the bike, so you cannot insure it, and if it does have an accident, it'll link to your insurance company if whoever buys it doesn't buy insurance. Also may cause a problem for the new owner to buy insurance if it's already on the MID.

Probably won't happen, but that's what could. Smile
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TheShaggyDA: I've got 3 or 4 pairs that predate my wife, so at least 11.5 years old.
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bacon
World Chat Champion



Joined: 09 Jan 2009
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PostPosted: 22:36 - 27 Feb 2009    Post subject: Reply with quote

buy a cheap 125cc or something for peanuts and transfer the policy to it Smile
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thefallenange...
Crazy Courier



Joined: 01 Jul 2006
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PostPosted: 22:38 - 27 Feb 2009    Post subject: Reply with quote

if sig is up to date then he has that
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Past - CG125 ,KR1S, SV650s, Street Triple R - Current - Duke 390

r.bridge1988@gmail.com
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