Lending a bike for 2 months: insurance options?

[Londoner2015]

Hi all,

I’m considering lending a bike to a friend for two months.
I am the registered keeper of the bike and my current insurance does not cover any other riders.
What can we do with respect to insurance if I am going to lend this person the bike for 2 months? This person is not related to me and does not live at my same address.

1) Can this person buy an insurance on the bike, in his name only, even if I am still the registered keeper, and even if I would keep my insurance? In other words, the vehicle would be insured twice – is this a problem? This way, if he were to have an accident, my insurance would not be affected, right?

2) Alternatively, can I add him as a named rider? Would this be considered fronting? It could be argued this person will be the main rider but for two months only. If he were to have an accident, would my insurance be affected even if I have nothing to do myself with the accident?

Thanks!

[Diggs]

It would be easier for him to speak to a broker and arrange his own insurance - I've done this before (admittedly many years ago so things may have changed now...).

You need to be prepared to lose your mate though, if he stacks it and you quibble about costs. Best to agree a 'you bin it, you've bought it' value beforehand, write it on a piece of paper and both of you sign and date it.
____________________
Now - Speed Triple, old ratty GS550, GSXR750M
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[Londoner2015]

[TheArchitect]

Borg will likely correct this if I'm wrong but if your mate bins it and causes damage to 3rd party and he is found to not have appropriate cover then the claimant can default to your policy to cover the costs and you have no say in it.

Also agree you should have something in writing between you to show that he in in temporary ownership of the bike so if it does come down to it you can prove you are not personally liable.
____________________
GSXR 600 K6 - Stolen
GSXR 600 K6 - Stolen
MT09 - Almost stolen

[chris-red]

If you want to ensure no liability you have to cancel your insurance and get him to get his own.
____________________
Well, you know what they say. If you want to save the world, you have to push a few old ladies down the stairs.
Skudd:- Perhaps she just thinks you are a window licker and is being nice just in case she becomes another Jill Dando.
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[Doovy]

[Londoner2015]

[angryjonny]

Get something in writing from your friend in which they assert that they are properly insured to use your vehicle. Otherwise, in the event that (for whatever reason) they're not, there are potential legal repercussions for you (permitting use without insurance or suchlike). A verbal confirmation is probably all the law technically requires, but it's a much more comfortable [police interview / court-appearance] if you've got a signed bit of paper in your hand.

[Londoner2015]

[TheArchitect]

[angryjonny]

[Londoner2015]

[angryjonny]

[MCN]

[Rogerborg]

[techathy]

I'm borrowing a friends bike long term, he's out of the UK for 18 months. We wrote up a contract where I'm responsible for the bike over this 18 month period & that if I write off the bike he's due a new replacement (the bike is 7 months old). He then canceled the insurance & I have my own insurance (which is on an new for old basis for write off purposes).

Unfortunately such an arrangement is a bit of pain in the neck to sort out. I've not bothered with it for 2 months

[iooi]