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Insurance question

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Ditto
Nearly there...



Joined: 26 Sep 2009
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PostPosted: 01:00 - 05 Feb 2010    Post subject: Insurance question Reply with quote

At the moment i have a CG, costs ?150 a year to insure. In the next week or so however I will be selling and buying a new bike.

I have 2 questions, firstly is it worth cancelling the insurance? The policy states that if i cancel after 4 months (Ive had the policy since october) i will get 50% back minus ?25 admin fees. So ?50.

Is it just worth keeping the policy and getting 1 years NCB? Which leads me onto my next question, if i get a policy with a new bike this month (Feburary) will i then get a years NCB in october for my CG if i keep the policy which i can transfe and then another next Feburary with my new bike. So ill have 2 NCB come next Feburary providing i dont crash of course.

Any help muchos appreciated Smile
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CG 125 > Bandit 600 > CBR 600 FY > Street Triple R
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Ste
Not Work Safe



Joined: 01 Sep 2002
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PostPosted: 01:14 - 05 Feb 2010    Post subject: Reply with quote

Rather than canceling the insurance, call them up and ask how much to change to whatever bike you're getting.

You can't combine NCB together, so if you keep the policy you won't be able to add the NCB onto your the insurance for your new bike.
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Ditto
Nearly there...



Joined: 26 Sep 2009
Karma :

PostPosted: 01:46 - 05 Feb 2010    Post subject: Reply with quote

Yeah i did, they quoted something silly like ?500 more for the rest of the policy. So even if i keep the insurance on the CG i wont be able to transfer it once the year is over in october?
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