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Did you know this about insurance?
Posted: Thu Nov 02, 2017 8:56 am
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!
I usually just leave it until renewal due to my bikes being on a multi policy...not any more. Just a thought
Re: Did you know this about insurance?
Posted: Thu Nov 02, 2017 9:47 am
by scouse
Yup
Seen an article about it, cost some guy big ££££s
Gary T
Re: Did you know this about insurance?
Posted: Thu Nov 02, 2017 1:05 pm
by Olde Coney
Yep, that's been the case for a while now 
Re: Did you know this about insurance?
Posted: Thu Nov 02, 2017 6:45 pm
by oldman
That's crazy
Re: Did you know this about insurance?
Posted: Sat Nov 04, 2017 10:21 pm
by Vin
Now I did NOT know that!
Re: Did you know this about insurance?
Posted: Sun Nov 05, 2017 11:51 am
by Hal
Yet another demonstration of how the law can so often be an utter ass
Re: Did you know this about insurance?
Posted: Sun Nov 05, 2017 1:27 pm
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.
Re: Did you know this about insurance?
Posted: Tue Nov 07, 2017 8:59 pm
by H2 Tim
Yep me too,
Sorry but it is common sense<
Re: Did you know this about insurance?
Posted: Tue Nov 07, 2017 9:13 pm
by SAM
Just removed the S3A & S1B I sold. Cost me £30!
Re: Did you know this about insurance?
Posted: Wed Nov 08, 2017 8:42 am
by Treeman
SAM wrote:Just removed the S3A & S1B I sold. Cost me £30!
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.