stolen bike what to do next ??

[devojunior]

HI,

my bike was stolen about a month ago,reported to police and i accept its gone but im still paying the insurance and now that money is tight i want to cancel it,my queries are what would happen if say the bike was found or crashed into someone would it have any comeback on me and also what do i tell the dvla is there a form or a number just want it to have nothing to do with me thanks adam.

[Ichy]

Simple answer is to ask the insurance company. There may be a penalty if you cancel. I'm assuming that you are third party only? If not then surely the insurance company should have been informed so that you can make a claim?


Don't worry about the DVLA. If anything happens then you have the theft registered with the Police and, I hope, a crime number.
____________________
https://www.metacafe.com/watch/1972097/how_to_behave_on_a_forum/

[P.addy]

Did you claim on the insurance for the bike?
If you cancel it, the insurers will want more money, always do

Mine was cheaper to carry on... so I did so
But no, no comebacks to you as long as you reported it stolen, my bike was stolen a few years back and plate cloned, mounted to a sports bike racking up fines in London bus lanes Got a bill all together for around £600. Said was stolen, sent crime ref number and all was cleared

[devojunior]

not sure what it is prob 3rd party and i havnt claimed it was just a scooter not worth the hassle tbh, and i did report it but lost the ref number im sure i can phone up and get anoth ref number infact il ring em now thanks adam.

[Rogerborg]

DANGER! If you aren't going to claim on the policy, do not tell your insurer that the bike was stolen.

Every insurer in future will ask you about "claims, accidents or losses" and you disclose the theft, your risk will rise and you'll get nobbed even if your insurer didn't pay out a penny. If you don't disclose the theft, then you risk having your policy invalidated when they discover it later.

Ask your insurer about cancelling the policy, sure, but don't tell them why. It's none of their business.
____________________
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

[ms51ves3]

[devojunior]

just on hold with them now so il do as you say,see how long im on hold for ......

[devojunior]

now on hold whilst she works it out,works what out ??? bitch

[devojunior]

ha what a joke,as i entered a finance shit thibng i have to pay 150 to cancel so i told her not to bother il keep the bike.

[Rogerborg]

Bummer, but pretty common now. I hope you get the bike back even now, or at least that the thieving pikies that took it get cancer of the bell end.
____________________
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

[devojunior]

ha would be nice but i doubt it,the woman said let me just calculate this if you want to cancel,then she said theres 4 payments for 39 quid so you need to pay us 150 quid to cancel ,i just said it dunt matter then il keep the bike ,there was about a 10 second awkward silence lol she just said ok bye.at least il get a years no claims from it .

[lihp]

You get a percentage back of the premium if you cancel.

If you're paying monthly, then it's not monthly insurance. But yearly insurance that you pay monthly.

So if you cancel, and you've not paid up to the percentage you get back, you still owe them money.

If you have to make a claim, you generally have to pay the remaining value of the premium as well.

[multijoy]

[Scotsman37]

Probably been stripped for parts and/or has been burned out by joyriders after thrashing the hell out of it! No doubt several wires have been cut to hot wire it plus the ignition chewed up too.

My 1st bike was recovered by Police and thats what happened to mine as stated above, but it took them a year later catch the little shit head teenager that did it via DNA, as he left one of his trainers behind when he ran after being chased by Police. My bikes engine casing was cracked due to dropping of the bike plus it was missing it's side stand, mirrors and several other parts too. So, it would have cost more to fix it and so it was written off by the insurance provider.

[Rogerborg]