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AndyG
27-12-2012, 09:12 PM
I have put this in the "Public Section" as I think everyone should know about this.


It is about Mototcycle Insurance but will be the same for cars.

https://www.two-sixties.co.uk/gallery/albums/606/medium/Insurance_warning.jpg (https://www.two-sixties.co.uk/mgoc260/html/photopost/showphoto.php?photo=4999&size=big&cat=)
2V8s
27-12-2012, 09:26 PM
woah thanks for that. I never would have thought that would be the case. I guess if you have or do buy something else and swap your insurance to the new reg then I guess you will also be OK.
Ken B
28-12-2012, 08:20 AM
Thanks for the warning Andy. However I personaly have never and would never do this, in my experiance most insurers will give you the year if its only a short while untill the renewel date. As this person has found out its just not worth the risk.
Tim
28-12-2012, 09:22 AM
Bleeding'ell !

I would do the same no point increasing your risk with someone you don't know. Easy to say in hindsight. :(

I'm going to put this on the blog if you don't mind Andy. What mag did you get it from so I can mention them.
AndyG
28-12-2012, 09:46 AM
I'm going to put this on the blog if you don't mind Andy. What mag did you get it from so I can mention them.

A Motorcycle Forum.
Tim
28-12-2012, 09:50 AM
Which one Andy? Also can you e-mail the jpeg please :)

mg.zt260@ntlworld.com
ian w
28-12-2012, 10:21 AM
A few years ago in a similar situation my bike insurer at the time was Norwich union and when I sold my bike I was allowed to suspend my insurance without cancelling and restart it when I bought a new bike so I did not waste any of my policy cover. However in those days it was a rid policy so it was the rider not the bike that was insured so you could ride any bike, how things have changed.

Ian
Tim
28-12-2012, 10:26 AM
Cheers Andy, blogged it :)

http://two-sixties-blog.com/2012/12/28/tell-your-insurer/
Tim
28-12-2012, 10:27 AM
Mine was the same, I could ride any bike.


A few years ago in a similar situation my bike insurer at the time was Norwich union and when I sold my bike I was allowed to suspend my insurance without cancelling and restart it when I bought a new bike so I did not waste any of my policy cover. However in those days it was a rid policy so it was the rider not the bike that was insured so you could ride any bike, how things have changed.

Ian
Cribbit
28-12-2012, 10:42 AM
AHHH....

Really must cancel the policy on the van I sold ages ago now....

One of those things I always meant to get round too. I have a new priority today now!
Dominic22
28-12-2012, 11:35 AM
AHHH....

Really must cancel the policy on the van I sold ages ago now....

One of those things I always meant to get round too. I have a new priority today now!

Me to.... I have just called to cancel it.... Just forgot all about it.
AndyG
28-12-2012, 04:05 PM
Glad to be of help.

Let me think......... I have possibly you both saved 100s of thousands of pounds, Say 10%........????


:o:o
James C
28-12-2012, 07:11 PM
We had this issue on a car we sold at work (we're supposed to put any car with valid tax on it, on our insurance policy so we can legally move it without trade plates) and the system doesn't always automatically remove it when the date passes. And we had a car that had been hit several years after sale, and we were the only ones showing as having the insurance on it.

I have to religiously check every one now when we sell to make sure the system has updated itself.
Cribbit
28-12-2012, 08:05 PM
Glad to be of help.

Let me think......... I have possibly you both saved 100s of thousands of pounds, Say 10%........????


:o:o

Sounds only fair...

I got a £75 rebate. You can have 10% of that...

In all seriousness though, thanks for the post, quite possibly saved me from a very nasty situation!
torque2me
13-03-2013, 03:43 PM
[snip]. I guess if you have or do buy something else and swap your insurance to the new reg then I guess you will also be OK.

This event could happen whilst you were in the process of purchasing another vehicle. The correct solution is to "suspend" the policy until you obtain another vehicle.

As I have a multi-car policy I would need to delete the registration (cover) for the vehicle sold. I would still be earning "no-claims bonus" on the others (not that I can claim above maximum).


regards,


Kev
torque2me
13-03-2013, 03:49 PM
A few years ago in a similar situation my bike insurer at the time was Norwich union and when I sold my bike I was allowed to suspend my insurance without cancelling and restart it when I bought a new bike so I did not waste any of my policy cover. However in those days it was a rid policy so it was the rider not the bike that was insured so you could ride any bike, how things have changed.

Ian

Ian,

Exactly as it should be and good advice. I also used to be insured for any vehicle but obviously they can't fit my ego onto the APNR database and so they forced insurance companies to cover vehicles only (the index is easier to type in).

I now have to use a multi-car type policy instead - more complex. In the above case one would remove that registration index from the policy - the other vehicle(s) would keep no-claims bonus earings going.



cheers,


Kev