What counts as a motorbike for insurance - legally
Discussion
This may be a very silly question and potentially one for my insurance company but before I make a fool of myself to them I thought I would do it here first instead!
I have the urge to fix up a cheap bike/non runner etc. While the weather is rubbish, Take it to bits and see if I can fix/improve and just generally have some fun and if I break it in the process then not much is lost and I learn a bit more about how bikes work for the future!
Equally I have some no claims that I would like to keep current if there is a way to do it legitimately.
Has anyone had any experience on insuring a bike that could potentially start off as (or become) a frame, number plate, v5 and a a load of parts in cardboard boxes? Is there a special type of insurance I should be looking for and could I attach no claims to it?
Thanks in advance!
I have the urge to fix up a cheap bike/non runner etc. While the weather is rubbish, Take it to bits and see if I can fix/improve and just generally have some fun and if I break it in the process then not much is lost and I learn a bit more about how bikes work for the future!
Equally I have some no claims that I would like to keep current if there is a way to do it legitimately.
Has anyone had any experience on insuring a bike that could potentially start off as (or become) a frame, number plate, v5 and a a load of parts in cardboard boxes? Is there a special type of insurance I should be looking for and could I attach no claims to it?
Thanks in advance!
NCD is from bikes! Essentially I Fancy trying to rescue an older bike but ncd will expire before I will get it finished knowing my speed of progress so wanted to keep it valid until I got it back on the road but not sure the legalities of insuring a bike that you are taking to bits and trying to put back together again, I guess third party fire and theft? Just to keep the ncd ticking over and against the minor risk of me burning the garage down at some point!
One of the problems is that insurance is generally for "using" the vehicle and they award NCD for "using the vehicle safely".
If you insure a vehicle for "use" but actually don't intend to use it at all you've made a false statement to the insurer which could eventually come back and bite you.
If you insure a vehicle for "use" but actually don't intend to use it at all you've made a false statement to the insurer which could eventually come back and bite you.
Panamax said:
One of the problems is that insurance is generally for "using" the vehicle and they award NCD for "using the vehicle safely".
If you insure a vehicle for "use" but actually don't intend to use it at all you've made a false statement to the insurer which could eventually come back and bite you.
How’s that going to happen?If you insure a vehicle for "use" but actually don't intend to use it at all you've made a false statement to the insurer which could eventually come back and bite you.
I can’t recall an insurer ever visiting my garage to check if my bikes are running.
I’ve even told them a bike isn’t operational hence why I couldn’t use it following another getting smashed up.
Panamax said:
One of the problems is that insurance is generally for "using" the vehicle and they award NCD for "using the vehicle safely".
If you insure a vehicle for "use" but actually don't intend to use it at all you've made a false statement to the insurer which could eventually come back and bite you.
Ahh, yes. I'm sorry, you've been overinsuring your RD250LC. And what's more you haven't made a fraudulent claim. This will seriously impact your future insurance premiums.If you insure a vehicle for "use" but actually don't intend to use it at all you've made a false statement to the insurer which could eventually come back and bite you.
Or not.
Some people are either born trolls or they love to stir up crap. Or both.
Before you insure a pile of bits, get quotes with and without no claims bonus. A few years ago I bought a second bike and couldn't change my main bike to a multibike policy. In getting quotes to decide whether to cancel the policy and go multibike or just take a new policy I found it was actually a lot cheaper than I thought just to take a new policy wihtout NCD. I would say I'm old (was early 40s at the time), passed my test years ago, have no convictions and had not claimed for 5 years. Worth asking though? I think a couple of years of paying without using the bike would have more than wiped out any savings when I came to need the NCD.
Panamax said:
One of the problems is that insurance is generally for "using" the vehicle and they award NCD for "using the vehicle safely".
If you insure a vehicle for "use" but actually don't intend to use it at all you've made a false statement to the insurer which could eventually come back and bite you.
Load of bIf you insure a vehicle for "use" but actually don't intend to use it at all you've made a false statement to the insurer which could eventually come back and bite you.
ks.Most insurance companies specify that the vehicle must be road legal or have an MOT and you must estimate annual mileage.
But…if you’re not going to use it they are unlikely to ever find out.
However, how long are you going to be without a functioning motorbike? If it’s a year or so the I’d insure the bits. If it’s a project that will take several years (or let’s face it a project that might never get finished) I’d just save my money and start from scratch.
My MX5 has been parked up and garaged for 3 years, since just after my daughter was born.
The insurance company is aware, and they even recommended increasing the 'up to' annual mileage on it as it was cheaper. The policy will probably go onto a tip run 4x4 when one presents itself.
The other option to look at is a classic policy, which is probably independent of no claims, and may have an 'off road' option and is likely to be really cheap.
The insurance company is aware, and they even recommended increasing the 'up to' annual mileage on it as it was cheaper. The policy will probably go onto a tip run 4x4 when one presents itself.
The other option to look at is a classic policy, which is probably independent of no claims, and may have an 'off road' option and is likely to be really cheap.
Gassing Station | Biker Banter | Top of Page | What's New | My Stuff