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Carol "Cash" Insurance------
Posted: Tue Apr 15, 2014 5:58 pm
by Alan R
To remove one classic bike and add another classic on = £40 !!
Carol
Posted: Tue Apr 15, 2014 6:09 pm
by John M
Most insurance companies have huge charges for amendments and cancellations.
Carol
Posted: Tue Apr 15, 2014 8:42 pm
by Barry_Q
I have a policy of not cancelling insurance. I just let the policy lapse as it's cheaper. When I sold my Reliant 3-wheeler in 2010, the insurance still had a couple of months to run. I had a phone call fro the insurance company asking why I hadn't cancelled the policy, so I told them. After an argument (You can't have the same vehicle on two different insurance policy's)the insurance company gave me a refund on the remaining insurance. Result!
Carol
Posted: Tue Apr 15, 2014 9:42 pm
by Mark M
I think that sadly, it's the price of "cheap" insurance. I mean that policies are generally quite cheap to buy but all those pesky little "extras" add up. With quite a few bikes in my garage I leave the policy open on a bike when I sell it and then convert when a new one comes in, saving some money.
REgards, Mark
Carol
Posted: Wed Apr 16, 2014 11:42 am
by WannaBRetired
That's what I used to do, until I read this:
http://www.whitedalton.co.uk/motorbike- ... insurance/
I believe that this has happened more than once.
Carol
Posted: Wed Apr 16, 2014 12:50 pm
by Mark M
Thanks for the warning WannaB. Just to put your mind at rest, I operate a one-in-one-out system so there is always a bike waiting to go on the policy and therefore no gap. Just like the garage where space is at a serious premium! REgards, Mark
Carol
Posted: Wed Apr 16, 2014 8:04 pm
by Bertie the Bullet
This discussion was on here not so long ago, basically under British law if you do not cancel your policy and the new owner crashes the bike your insurance can be claimed against even though you no longer own the bike, they will in turn chase you for the money, the one I read about the guy lost his house.