Insuring multiple bikes

[Jdubya]

Does anyone do this? Does it cost any more than just insuring one? The reason I'm asking is that surely you can only be riding one at a time...so it makes sense to only pay for the value of the more expensive bike. Your opinions and experiences please. :D :D :D

[Carsick]

You will always pay extra, but it's not usually stupidly expensive.

[Grinch]

Cost me about 100 quid more to have a Duke on my insurance.

[Patch]

50 quid extra for me to have the VFR added to the GS policy, cost Mrs Patch 25 to add the sidecar outfit to her VFR policy

[Carsick]

when I had a gsxf, a gpz and a cg insured it cost me £7 extra for the two smaller bikes.

[Warren]

cos of my age - it worked out cheaper for me to have 2 seperate policy's

but here is a question.
im selling the 125 soon, yet i have about 7 months remaining on it. . .
do i HAVE to cancel the insurance when i sell it , or can i keep it running to build up my no-claims ?

no point getting a refund - cos im paying silly money for it anyway.

[Carsick]

you can't leave it running, that would be fraud.
If you wanted the years no claims, stick the bike in a locked garage and sell it when the policy runs out.

[Warren]

ok - im not up on the insurance policy rules and stuff.

but i am selling it to a friend . . . could i not argue that i will ride it every now and then ?

[Carsick]

It'll be in your contract somewhere that you have to tell them if you sell it.
Once that happens they will either want you to have a completely different type of policy or will cancel it.

[Warren]

It'll be in your contract somewhere that you have to tell them if you sell it.
Once that happens they will either want you to have a completely different type of policy or will cancel it.

cool, so might as well opt for the refund and get the 25 quid back :)

[Carsick]

yeah, either that or see if you can add your mate onto your policy and only sell him the use of the bike for the next 7 months unless he smashes it, in which case he pays you the extra.

[Warren]

yeah suppose,
cos he is a mate - im more or less gonna be giving him the bike

mabe a hundred quid or something.

[Carsick]

if you have use for another no claims bonus, could be worth keeping.

[Warren]

yeah i suppose.
but since i already have another paralell no claims (getting confusing)
i dont think ill be owning 2 bikes again for a while anyway.

[Carsick]

take your £25 refund and have a few beers, then. :wink: