Insurance - start new policy before end date of current

[Jefr0]

Hi all

Currently I have 2 bikes on one policy which end of the 31st March.

I have a third to be added for when I renew.

Although I'd like to be able to ride this third bike on the 29th March.

Can I start a new policy from the 29th and ignore those 2 days where there will be a cross over?

I know general consensus would be either:

A: Yeah that will be fine.
B: Wait till the 31st.

But just in case I had a accident on say the 30th, with 2 policies on the bikes would I be uninsured/screwed due to 2 policies?

Bit unsure on what I can do.

Thanks

Jeff
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Rides: Honda XR 125 ('03) Honda CBR 600F ('91), Ducati 916 Biposto ('95)

[Taught2BCauti...]

Speak to the people who your contract is with - either the insurance company, or the broker you dealt with.

We can have no way of knowing what the terms and small-print consist of, but whoever you are paying for this, should be able to find you a legal solution.

If you were to crash and injure me or a member of my family on an un-insured bike, I would not be pleased.
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Honda Varadero XL125(V8)
www.TheFutureIsHere.eu

[Ste]

"If you were to crash and injure me or a member of my family on an un-insured bike, I would not be pleased."

You or your family member would still get every penny of compensation that you'd have got had the driver been insured.

OP, I'd go for option B. If you're covered by different policies then in the event of a claim in those two days then five ponds says both insurance companies would want the other to pay out.

For the sake of two days I wouldn't bother with the headache you could be leaving yourself open to.

[Mez]

Two concurrent policies on one vehicle = illegal. Don't do it.

An overzealous insurance saleswoman once cancelled my policy with 4 days left on it as I'd bought a new policy to start the day after my current one ended, with their sister company. I was dumbfounded and she was stupid, but my initial point is valid.
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My deviantArt gallery - My Youtube profile
Honda CG125 -> Baotian BT49 -> AJS JS125 -> Honda CG125-> Kawasaki ZL400 -> Kawasaki GPZ500

[Matt B]

[Jefr0]

[stinkwheel]

I'll tell you one thing. If you try to cancel the original policy, they'll try to charge you an extortionate admin fee for it. So I'd say nothing at all to the existing company. They tried to hump me for £70 when I sold my car with two weeks left to run on the insurance. I told them if that was the case, I'd decided not to sell it after all.

You putting them all on the same policy? Last time I did a quote, it was actually cheaper for me to put my two bikes on seperate policies, even without taking no-claims into consideration. I used my NCB on the most expensive one to insure and started a policy from scratch for the other.

Worth crunching some numbers in any case.
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“Rule one: Always stick around for one more drink. That's when things happen. That's when you find out everything you want to know.”
I did the 2010 Round Britain Rally on my 350 Bullet. 89 landmarks, 3 months, 9,500 miles.

[Mez]

MattB, I'm semi-certain it'd constitute insurance fraud if you tried to make a claim while two policies are running. Never mind not getting a payout at all if each company knows there's another policy running. Dodgy ground all round.

/ifwrongwilleathat
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My deviantArt gallery - My Youtube profile
Honda CG125 -> Baotian BT49 -> AJS JS125 -> Honda CG125-> Kawasaki ZL400 -> Kawasaki GPZ500

[stinkwheel]

By the way. My understanding is that it's not specifically illegal to have two policies running for the same vehicle.

What would be illegal would be if you tried to claim the same claim from two different companies, that would be fraud.

Most policies will have a disclaimer stating their cover is void if the vehicle is covered by another policy. That said, the letter of the law from the point of view of the road traffic act states you must have a certificate of motor insurance. If you're stopped by the police and have a certificate of motor insurance that theyu haven't cancelled (and they have to give notice of cancellation), you are legal.

If it were me, I'd just take out the new policy (assuming a multi-bike policy is best). If you're only going to be riding the new bike, any claim in the case of an accident would be soley on the new policy. Job jobbed.

Where you could run into issues is if one of the other bikes is stolen or catches fire. Then there could be argument between the insurers as to who is liable. What you'd need to be careful to do in that case is only attempt to claim off one of them. I suspect there would be a lot of to-ing and fro-ing if this happened but ultimately, I'd imagine a magistrate would order one or both of them to cough up.

Of course, if you're TPO, the above is irrelevant, take out the policy, only ride the new bike until the old policy expires.
____________________
“Rule one: Always stick around for one more drink. That's when things happen. That's when you find out everything you want to know.”
I did the 2010 Round Britain Rally on my 350 Bullet. 89 landmarks, 3 months, 9,500 miles.

[iooi]

[Jefr0]

Thanks Stinkwheel, given me food for thought right there.

Bit of a complicated one.

I'll be insuring: (Honda and Ducati on one policy at mo)

Honda CBR 600 (Used daily Mon-Fri at least)
Ducati 916 (Weekends/track)
Vincent Comet (Weekends)

I thought if I cancel policy and run new one on the 29th, as you say, I'd get a admin fee for it, and lose a years no claims probably.

All those 3 Fully comp is something silly like £200 so I'm not beating that (I've tried a few combinations and I'm chuffed with that) (27 with 11 years no claims)

By the way. My understanding is that it's not specifically illegal to have two policies running for the same vehicle.

Right ok, that's what I'm not sure about so I suppose I'll have to get confirmation from both policies.

If it were me, I'd just take out the new policy (assuming a multi-bike policy is best). If you're only going to be riding the new bike, any claim in the case of an accident would be soley on the new policy. Job jobbed.

I could do that actually, ride the 29th on the Vincent, then on 30th/31st ride the Honda XR 125 for work.

Thanks Stinkwheel.
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Rides: Honda XR 125 ('03) Honda CBR 600F ('91), Ducati 916 Biposto ('95)

[CaNsA]

[stinkwheel]

[Rogerborg]

Have you called your current insurer and asked them if they could just put a note on your file that they no longer have an insurable interest beyond the 29th?

If they want to charge you for it, or argue the toss over the accrued NCD, then forget it.

Hang on... is it the Vincent that you want to ride at the weekend?

That's not on your current policy, so if you stack that bike in the 2 naughty days, then I can't see how it would be an issue. Just don't ride the Honda or Ducati or have them sunk, burned or taken a prize.

You may still be on a sticky wicket with the NCD unless, as stinkwheel has pointed out, you new policy doesn't concern itself with such things.
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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

[Matt B]

Have a think about what Stinkwheel said RE separate policies because it worked out cheaper for me too. I've had 2 bikes for a long time and the last instance of it being cheaper was back in 2008 with a ZX6R and a 350 Enfield. Since then I have had 2 separate policies using the NCB on the most expensive to insure. For the FZ6 and the Pan this year a multibike policy would have cost me about £80 more than I paid.
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stinkwheel: He had an animated .gif of a cat performing fellatio. It's not socially acceptable. It can have real life adverse effects on other people.