Help & FAQs    Search BCF    Members    Groups    Events Calendar
Resend my activation email : Register : Log in 
BCF: Bike Chat Forums


Insurance

 Reply to topic
Bike Chat Forums Index -> General Bike Chat
View previous topic : View next topic  
Author Message

Paulington
World Chat Champion



Joined: 11 Mar 2009
Karma :
PostPosted: 15:39 - 12 Oct 2009    Post subject: Insurance Reply with quote
I am thinking of trading in my 125, however my insurance to ride my other bike is only there because my 125 insurance allows me to ride any other bike.

If I traded it in, when would the insurance for the bike become invalid? From the date I put on the form that it is transferred to the dealer or until the registered keeper is changed in the DVLA Database?

Cheers.
____________________
"Four wheels move the body, two wheels move the soul."
Current Vehicles: '89 Kawasaki KDX200, '99 Yamaha XV535, '00 Honda ST1100 Pan-European, '08 Suzuki GSX-R1000, '08 Mitsubishi Lancer GS4 2.0 TDCi, '15 BMW 1 Series 116d Sport Turbo.
CBT: 27/08/08. Theory: 04/09/09. Module 1: 16/09/09. Module 2: 01/10/09.
 Back to top
View user's profile Send private message Send e-mail You must be logged in to rate posts

t121anf
World Chat Champion



Joined: 23 Feb 2007
Karma :
PostPosted: 15:47 - 12 Oct 2009    Post subject: Reply with quote
when you cancel the insurance.
 Back to top
View user's profile Send private message You must be logged in to rate posts

supZ
World Chat Champion



Joined: 03 Feb 2009
Karma :
PostPosted: 15:50 - 12 Oct 2009    Post subject: Reply with quote
doesnt matter who owns the bike to whether you're insured or not.

as paul said.. it'll be valid until you cancel it
____________________
CBR954RR - Daily toy
CBR600RR - Trackbike
 Back to top
View user's profile Send private message You must be logged in to rate posts

Ste
Not Work Safe



Joined: 01 Sep 2002
Karma :
PostPosted: 15:55 - 12 Oct 2009    Post subject: Re: Insurance Reply with quote
Paulington wrote:
I am thinking of trading in my 125, however my insurance to ride my other bike is only there because my 125 insurance allows me to ride any other bike.

Don't think you'll be covered to ride you other bike as I'd expect your insurance covers you to ride other peoples bikes rather than other bikes owned by you.

Seeing as officially you're not meant to keep a policy going when you've sold the vehicle I'd have thought your cover to ride other peoples bikes will stop being valid as soon as you've sold your bike.

IMO if you're in doubt about something insurance related then check with your insurance company rather than BCF.
 Back to top
View user's profile Send private message Visit poster's website You must be logged in to rate posts

iooi
Super Spammer



Joined: 14 Jan 2007
Karma :
PostPosted: 16:27 - 12 Oct 2009    Post subject: Re: Insurance Reply with quote
Paulington wrote:
I am thinking of trading in my 125, however my insurance to ride my other bike is only there because my 125 insurance allows me to ride any other bike.
.


I take it then that you do not own the other bike..... Or is it a multi-bike policy Confused

You just need to take out a policy to cover the other bike and you will be fine. Thumbs Up
____________________
Just because my bike was A DIVVY, does not mean i am......
 Back to top
View user's profile Send private message You must be logged in to rate posts

Paulington
World Chat Champion



Joined: 11 Mar 2009
Karma :
PostPosted: 16:29 - 12 Oct 2009    Post subject: Re: Insurance Reply with quote
Ste wrote:
Paulington wrote:
I am thinking of trading in my 125, however my insurance to ride my other bike is only there because my 125 insurance allows me to ride any other bike.

Don't think you'll be covered to ride you other bike as I'd expect your insurance covers you to ride other peoples bikes rather than other bikes owned by you.

Seeing as officially you're not meant to keep a policy going when you've sold the vehicle I'd have thought your cover to ride other peoples bikes will stop being valid as soon as you've sold your bike.

IMO if you're in doubt about something insurance related then check with your insurance company rather than BCF.

600 Is insured via. my Dad so legally I'm insured to ride it TPO.

I was thinking it would stop being valid which is why I was asking.

Cheers.
____________________
"Four wheels move the body, two wheels move the soul."
Current Vehicles: '89 Kawasaki KDX200, '99 Yamaha XV535, '00 Honda ST1100 Pan-European, '08 Suzuki GSX-R1000, '08 Mitsubishi Lancer GS4 2.0 TDCi, '15 BMW 1 Series 116d Sport Turbo.
CBT: 27/08/08. Theory: 04/09/09. Module 1: 16/09/09. Module 2: 01/10/09.
 Back to top
View user's profile Send private message Send e-mail You must be logged in to rate posts

Alex A
World Chat Champion



Joined: 05 Mar 2007
Karma :
PostPosted: 16:40 - 12 Oct 2009    Post subject: Re: Insurance Reply with quote
Paulington wrote:
I am thinking of trading in my 125, however my insurance to ride my other bike is only there because my 125 insurance allows me to ride any other bike.


I would be incredibly surprised if that's true. Otherwise, every Jack and Harry with a litre sportsbike would just buy a CG 125 and cover their top rated sports bike for £80 a year on the CG insurance.

Third party cover on other bikes is there to facilitate you to ride other peoples' bikes with their permission. It does not cover you for bikes that you own unless you specifically add it to your policy as a multi bike policy. If you do that, then you pay the premium price for the highest risk bike and an admin fee to add a second bike.

If you do have a multi bike policy, you simply need to phone your insurer and make the bike you're keeping your primary vehicle. You'll probably have to pay a fee, but the policy will continue as scheduled.
____________________
Current: Ducati Panigale R / Ducati Streetfighter S / Suzuki GSX-R1000 L5
 Back to top
View user's profile Send private message You must be logged in to rate posts

Alex A
World Chat Champion



Joined: 05 Mar 2007
Karma :
PostPosted: 16:42 - 12 Oct 2009    Post subject: Re: Insurance Reply with quote
Paulington wrote:
600 Is insured via. my Dad so legally I'm insured to ride it TPO.

I was thinking it would stop being valid which is why I was asking.

Cheers.


If you ride the 600 regularly, then you should be a named rider on your dads insurance, or it should be a named bike on your insurance.
____________________
Current: Ducati Panigale R / Ducati Streetfighter S / Suzuki GSX-R1000 L5
 Back to top
View user's profile Send private message You must be logged in to rate posts

arry
Super Spammer



Joined: 03 Jan 2009
Karma :
PostPosted: 16:50 - 12 Oct 2009    Post subject: Reply with quote
If you sell your bike, then your insurable interest in it ceases and your policy is cancelled regardless of whether you cancel it or otherwise.

Read your change of risk or interest clause within policy wording. It will go along the lines of:
The policy shall be avoided if
a) the Insured's interest ceases
 Back to top
View user's profile Send private message Send e-mail You must be logged in to rate posts

Paulington
World Chat Champion



Joined: 11 Mar 2009
Karma :
PostPosted: 17:14 - 12 Oct 2009    Post subject: Re: Insurance Reply with quote
Alex_A wrote:
I would be incredibly surprised if that's true. Otherwise, every Jack and Harry with a litre sportsbike would just buy a CG 125 and cover their top rated sports bike for £80 a year on the CG insurance.

Third party cover on other bikes is there to facilitate you to ride other peoples' bikes with their permission. It does not cover you for bikes that you own unless you specifically add it to your policy as a multi bike policy. If you do that, then you pay the premium price for the highest risk bike and an admin fee to add a second bike.

If you do have a multi bike policy, you simply need to phone your insurer and make the bike you're keeping your primary vehicle. You'll probably have to pay a fee, but the policy will continue as scheduled.


Enjoy your incredible surprise.

I was just wondering whether or not if I trade in the bike the insurance ceases, which it does, so that's my question answered.

Cheers!
____________________
"Four wheels move the body, two wheels move the soul."
Current Vehicles: '89 Kawasaki KDX200, '99 Yamaha XV535, '00 Honda ST1100 Pan-European, '08 Suzuki GSX-R1000, '08 Mitsubishi Lancer GS4 2.0 TDCi, '15 BMW 1 Series 116d Sport Turbo.
CBT: 27/08/08. Theory: 04/09/09. Module 1: 16/09/09. Module 2: 01/10/09.

Last edited by Paulington on 22:58 - 12 Oct 2009; edited 1 time in total
 Back to top
View user's profile Send private message Send e-mail You must be logged in to rate posts

Alex A
World Chat Champion



Joined: 05 Mar 2007
Karma :
PostPosted: 17:24 - 12 Oct 2009    Post subject: Reply with quote
You did say it was "my other bike" in your first post.

Nonetheless, there's almost certainly an exception in the small print to bikes kept at the same address/ridden by you regularly/owned by family.
____________________
Current: Ducati Panigale R / Ducati Streetfighter S / Suzuki GSX-R1000 L5
 Back to top
View user's profile Send private message You must be logged in to rate posts

MattHirst
World Chat Champion



Joined: 25 Jun 2006
Karma :
PostPosted: 17:28 - 12 Oct 2009    Post subject: Reply with quote
I'm assuming you did your A2, so your Dad's bike is restricted, right? Wink
____________________
It's all fun and games until someone gets hurt, then it's bloody hilarious!!!
 Back to top
View user's profile Send private message Send e-mail You must be logged in to rate posts

Kickstart
The Oracle



Joined: 04 Feb 2002
Karma :
PostPosted: 18:19 - 12 Oct 2009    Post subject: Reply with quote
Hi

For a short term you might get away with it (ie, just selling one and buying another). Long term I suspect it would be unacceptable. However what you are doing is already a major fiddle, the kind of fiddle the insurance companies are well aware of and which would trigger them to try and avoid paying. Make it even more obvious and they really could get nasty.

Put it this way, what you are already doing is like walking through a field with a bull in it. What you are proposing to do is like changing into a red costume and then pulling the bulls tail.

All the best

Keith
____________________
Traxpics, track day and racing photographs - Bimota Forum - Bike performance / thrust graphs for choosing gearing
 Back to top
View user's profile Send private message Send e-mail You must be logged in to rate posts
Old Thread Alert!

The last post was made 17 years, 2 days ago. Instead of replying here, would creating a new thread be more useful?
  Display posts from previous:   
This page may contain affiliate links, which means we may earn a small commission if a visitor clicks through and makes a purchase. By clicking on an affiliate link, you accept that third-party cookies will be set.

Post new topic   Reply to topic    Bike Chat Forums Index -> General Bike Chat All times are GMT + 1 Hour
Page 1 of 1

 
 You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum
You cannot attach files in this forum
You cannot download files in this forum

Read the Terms of Use! - Powered by phpBB © phpBB Group
 
Debug Mode: ON - Server: birks (www) - Page Generation Time: 0.10 Sec - Server Load: 1.4 - MySQL Queries: 17 - Page Size: 86.93 Kb