keeping it legal and all that - insurance

[swiftb]

I may be going to pick up a bike tomorrow. My current insurance policy is a single bike policy only and they cant change it to multibike.
The bike has tax and test and is still insured by the current owner. Im allowed to ride other bikes on my policy.
So technically what is the law regarding being insured on this bike? Theres no v5 for the bike just the new keepers slip as its a recent part ex, so nothing to sign the bike over to me other than a receipt - (its private salet btw) So can i legally ride this home as long as the seller is still insured or do i need my own policy as technically at that point im the new owner - - - - or am i until i recieve a v5 in my name?????
I dont want to take out insurance as id have to set out a seperate policy with 0 no claims and pay over the odds, id rather wait till my current policy expires then get a multi bike.

On the other hand - if i were to take out a policy, i believe you have 14 days to cancel your policy?? Would i lose much money doing this? say i insured on the day and rang up and cancelled the following day (or monday if there shut) what charges would i get raped with??

help appreciated

[CarlosCBR]

I saw a place today that hires vans by the hour. Was £8.95p/h so would be loads cheaper than taking out insurance and cancelling as you dont get a huge chunk of what you have paid back.

Providing you or someone you know can drive of course.
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[yambabe]

As soon as the cash changes hands you own the bike so you won't be insured on your current policy.

Look at short-term insurance, there's a thread on here from just a couple of days ago with some useful links.

Or maybe get a mate with 3rd party to ride other bikes to ride it home for you. Or, as Carlos said, get a van or a trailer.

Chances of you getting pulled are probably pretty slim, but at the same time if you do then you've lost the bike. Your risk to decide!
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Sod falling in love, I wanna fall in chocolate.

[binge]

I've rode all my bikes, and drove all my cars home un-insured.

I've insured them from the moment I've got home though.


I dont usually bother with 2 trips. If I go to view a bike, and I want it, I'll buy it there and then. None of this "leaving deposit, picking up next week" etc.





Ben

[Livefast123]

Just get a 1 day temp policy, it'll cost you ten to twenty but thats way cheaper than the minimum 6 points and £200 fine for no insurance.
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Current ride - Yamaha MT-07

[swiftb]

[Livefast123]

This is Ebikes month policy which I have found is just as cheap as a 1 dayer. Take it out ride for a month then cancel.

https://quote.ebikeinsurance.co.uk/PayAsYouGoBikeInsurance.aspx

Or DayInsure

https://www.dayinsure.com/motorbikeInsurance.aspx

You could try your own insurance or tell them your bike is in the garage and you need to cover a coutesy bike.........nah just go with the temp policy as mates are too unreliable.
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Current ride - Yamaha MT-07

[swiftb]

[swiftb]

£22.99 for a day, £44.00 for a month

[MattEMulsion]

You could chance riding it home but in the unlikely event that you get stopped and quizzed by a copper who is on the ball, he will figure out exactly what is going on and you'll end up with the bike being impounded (£150 release fee), plus you'll get a £200 fine and six points on your licence and have to declare the 'no insurance' conviction for the next five years on your insurance renewals.

So you could get a mate to ride it, get the man with the van to fetch it, get a days insurance or if the guy who is selling it is fully road legal to ride it, why don't you do a deal with him where by once you have bought it, get him to ride it over to your house, then you can take him back home and everything is fine and dandy, all legal and covered.
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Yamaha YZF-R6

[garth]

Bah, I've always ridden home under my policy, it won't flag up as under your name until the DVLA get the V5.
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You ain't a has been if you never was

[phonesurgeon]

[Alex A]

[Livefast123]

But then why would the seller want to risk an unhonourable seller getting points on his licence, I'm not saying you would but if you got flashed etc then you have proof with the modified reciept that it wasn't you riding. I certainly wouldn't do that if I was selling a bike.

As soon as the cash changes hands then it belongs to you and will not be covered by your own insurance. For the £20 it's not worth taking on the if's, but's and maybe's.
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Current ride - Yamaha MT-07

[Alex A]

[MattEMulsion]