Did you know this about insurance?

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Treeman
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Did you know this about insurance?

Post by Treeman »

I read in Motorcycle News this week that if you sell a vehicle and do not cancel your insurance on it, and the new owner then rides it without their own insurance and has an accident involving a third party claim, YOUR insurance company may have to pay out AND can claim the costs back from you! :shock: I usually just leave it until renewal due to my bikes being on a multi policy...not any more. Just a thought :roll:
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scouse
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Re: Did you know this about insurance?

Post by scouse »

Yup
Seen an article about it, cost some guy big ££££s
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Olde Coney
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Re: Did you know this about insurance?

Post by Olde Coney »

Yep, that's been the case for a while now Thumbs Up
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oldman
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Re: Did you know this about insurance?

Post by oldman »

That's crazy
Vin
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Re: Did you know this about insurance?

Post by Vin »

Now I did NOT know that!
Hal
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Re: Did you know this about insurance?

Post by Hal »

Yet another demonstration of how the law can so often be an utter ass
Eric
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Re: Did you know this about insurance?

Post by Eric »

Not wanting to be controversial but surely once you`ve sold it it`s only natural to cancel the insurance , I always have or transferred it.
H2 Tim
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Re: Did you know this about insurance?

Post by H2 Tim »

Yep me too,

Sorry but it is common sense< :shock:
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SAM
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Re: Did you know this about insurance?

Post by SAM »

Just removed the S3A & S1B I sold. Cost me £30! :shock:
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Treeman
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Re: Did you know this about insurance?

Post by Treeman »

SAM wrote:Just removed the S3A & S1B I sold. Cost me £30! :shock:
Thats one of the reasons I never used to bother...could be cheaper in the long term though..
P.S - the last one did not cost me to remove.
Distrust the Government
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